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Blockchain News

Flipkart Adds Polygon CDK-based L2 For Web3 Loyalty Program

The e-commerce giant will build an Ethereum layer 2 network using Polygon CDK.

Written By Gopal Solanky
Published 2023-12-08·Updated 3 years ago
Make The Crypto Times preferred on GoogleGoogle
Flipkart Adds Polygon CDK-based L2 For Web3 Loyalty Program

India’s biggest e-commerce company, Flipkart, has adopted a Polygon CDK-based layer 2 network for scaling its web3-focused rewarding platform.

Flipkart’s FireDrops, a reward-offering loyalty program, is now enabled with a Polygon Chain Development Kit (CDK)-based layer 2 chain, which will help the e-commerce company enhance the user experience for millions of users.

Flipkart is adopting a Polygon CDK-deployed Layer 2 chain to scale their web3 loyalty program, @0xFireDrops.

Since its launch in September, FireDrops has amassed 3.3m+ active wallets –no small feat.

A bespoke, Ethereum-based ZK L2 network will enable @Flipkart with a number of… pic.twitter.com/hlliQjEypg

— Polygon | POL (@0xPolygon) December 7, 2023

“Flipkart is tapping Polygon CDK to build an Ethereum-based zero knowledge (ZK) Layer 2 network dedicated to the service and ensure future growth,” said Polygon in the announcement blogpost.

The adoption will help FireDrops transfer its brand loyalty and reward program, which has sent over 3.3 million NFTs as rewards to users since its launch in September. The partnership announcement was unveiled at Polygon Connect, a flagship event organized by Polygon Labs in India.  

“This is an game changer for Web3 ecosystem in India,” said Sandeep Nailwal, the co-founder of Polygon. “It not only has the potential to attract the top fintech entrepreneurs in India to build Web3 but it also might encourage many other top Enterprise and consumer brands to build their appchains.”

Polygon claims that its CDK makes it easy for developers to design and launch ZK layer 2 chains on Ethereum, and it is already used by several crypto-native companies, including OKX Exchange, Astar, Canto, Gnosis Pay, Palm, and IDEX.

Also Read: No Crypto Bill in India for 18 Months, Says Lawmaker

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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