Flipkart, which happens to be the absolute top-of-the-line online commerce site, has duly kept up with its earlier commitment to blockchain technology and forged a lucrative merger deal with Polygon. Incidentally, Flipkart is one of the most well-known online sites based out of India and is highly popular and respected among the gentry. The aim and intention behind the inking of this mutually beneficial deal is to create the very base of the intended Blockchain-eCommerce Centre of Excellence. Therefore, this partnership is duly formed in all matters concerned after much forethought and calculated deliberations.
This significant Centre, once built, will responsibly carry out all activities related to overall research and development in terms of e-commerce within Web3 and metaverse on the whole. Fact-finding and another relevant discovery process will also be carried out about the next level of all shopping activities played out in the virtual world.
Further still, with the coming together of the two entities, coupled with the freshly built Blockchain-Commerce Centre, Flipkart will automatically find itself in the position of scoring the various options related to Web3 development. Additionally, Flipkart will be instrumental in taking the e-commerce line, the avenues of value addition, and the overall exposure for the millions of users to the next level. Polygon is excited to enter into this partnership with Flipkart to bring the next generation of users to adopt Web3.
According to the Chief Product and Technology Officer at Flipkart, Jeyandran Venugopal, the very backbone of Flipkart has always been its intense desire to constantly carry out all activities related to the creation and innovation of new ways of presenting the online shopping experience to all of its millions of users. Coupled with that has been the focus on adding value to the products and services. The proper utilization of new-age technology to effectively achieve this has always remained close to their heart and has been one of the top priorities.
In this regard, and in his firm opinion, this very calculated partnership will help propel them more positively into the future.
However, it is known that there is a huge amount of first-hand wealth in India. This partnership is hinted at making India a Web3 powerhouse by focusing on developing skills and driving research.