India’s leading e-commerce company, Flipkart, is set to leverage Polygon’s chain development kit (CDK) for its upcoming Web3 loyalty program. This development was part of a strategic collaboration announced on December 2 between Polygon and Flipkart, aimed at integrating the e-commerce giant into the realms of Web3 and the metaverse. The partnership includes projects like Flipverse for non-fungible tokens (NFTs), eDAO for metaverse applications, and the FireDrops NFT marketplace.
Expanding on this collaboration, Polygon’s co-founder Sandeep Nailwal revealed on December 7 that Flipkart plans to use Polygon’s CDK to enhance its FireDrops Web3 loyalty program. Flipkart intends to build an Ethereum-based zero-knowledge (ZK) layer-2 network using the Polygon CDK, aiming to scale its future growth and improve its services.
The use of Polygon’s CDK by Flipkart will facilitate a smoother onboarding process for users, provide dedicated block space, and ensure lower transaction fees, among other benefits. Nailwal, while announcing this initiative, emphasized its significance for the Web3 ecosystem in India, predicting that it could attract leading fintech entrepreneurs in the country to Web3 and inspire other major enterprises and consumer brands to develop their appchains.
Nailwal also expressed his belief that the involvement of prominent companies would solidify India’s status as a Web3 leader. Polygon mentioned that future updates to the CDK would include features like enhanced transaction data privacy, the option to run chains without a token or with a central bank digital currency, and access to liquidity in the broader Polygon and Ethereum ecosystems.
Polygon’s other co-founder, Jordi Baylina, disclosed plans for 2024 to merge Polygon’s various Ethereum layer-2 scaling networks. This integration, forming part of the “Polygon 2.0” cross-chain coordination protocol, aims to test the scalability and integration of the Polygon ecosystem’s different networks using zero-knowledge proofs, as Baylina explained in a conversation with Cointelegraph.