Reliance Jio Enters Web3 with Polygon Partnership in India
Jio Platforms, a subsidiary of Reliance Industries and one of India’s leading technology companies, has entered into a strategic partnership with Polygon Labs, the development arm of Polygon Protocols.
This collaboration marks a milestone in Jio’s foray into Web3 and blockchain technology. Jio aims to integrate these technologies into its existing services.
Jio enters Web3 with Polygon
this Partnersfashionable will focus on Integrate Web3 functionality Some of Jio’s popular apps and services already serve India has 450 million customers.
Advanced blockchain using Polygon Jio aims to create new digital experiences that transform user experience.
JPL CEO Kiran Thomas expressed excitement about this collaboration and emphasized the potential for breakthrough developments in the Web3 field.
“This partnership with Polygon Labs marks an important milestone in Jio’s journey towards digital excellence. We are excited to explore the endless possibilities of Web3 and bring unparalleled digital experiences to our users,” said Thomas.
In addition, Sandeep Nailwal, founder of Polygon Labs, also expressed his enthusiasm for this cooperation. He emphasized its importance for India’s future adoption of Web3.
Nailwal also added that with Jio’s entry into Web3, India is poised to become the leader in daily on-chain users (DOU) and quickly overtake other countries in the space.
“Jio is the company that brought India to the internet and will now bring India on-chain. The scale of India is so large that many thinkers will tell you that it has a significant impact on India’s current GDP growth. Now they are entering With Web3. India will soon lead the way in terms of daily on-chain users,” Nailwal said. Wrote on Twitter.
Additionally, Jio has Polygon is expected to pave the way Adopt decentralized technology in mainstream applications, from digital payments to content creation.
It appears the announcement boosted Polygon’s native token. POL rose nearly 7% It traded at $0.478 in the past 24 hours.
In another development, Indian Railways is issuing NFT-based tickets on the Polygon blockchain for the upcoming MahaKumbh Mela festival.
The MahaKumbh Mela, one of the largest religious gatherings in the world, will now launch NFT-based tickets. Attendees will now be able to access events in a secure, tamper-proof manner.
Additionally, this move aims to issue NFT Tickets on Polygon combine cultural significance with Blockchain innovation. This further consolidates the role of Web3 technology in the transformation of various industries.
With Jio’s partnership with Polygon Labs, it’s clear Web3 technology Applications are being sought across various industries in India.
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