Flipkart revealed intentions to construct an Ethereum-based ZK layer-2 network using Polygon CDK, which will let the e-commerce company scale future expansion and streamline its operation. Flipkart, India’s domestic e-commerce behemoth, will establish a Web3 loyalty program using Polygon’s chain development kit (CDK). Polygon and Flipkart announced a strategic cooperation on December 2 to successfully position the e-commerce platform within Web3 and the metaverse. Flipverse for nonfungible tokens (NFTs), eDAO for metaverse, and the FireDrops NFT marketplace are examples of such endeavors.
Polygon co-founder Sandeep Nailwal stated on December 7 that Flipkart will utilize the Polygon CDK to scale its FireDrops Web3 loyalty program. Flipkart revealed intentions to use the Polygon CDK as the foundation for an Ethereum-based zero-knowledge (ZK) layer-2 network, which will let the e-commerce company scale future expansion and streamline operations.
Flipkart will also leverage the Polygon CDK to provide its users with a faster onboarding experience, dedicated block space, and cheap transaction fees, among other things. “This is a game changer for the Web3 ecosystem in India,” Nailwal said on launching the initiative. It can entice not only the top finance entrepreneurs in India to create Web3, but also many other top Enterprise and consumer brands to establish their app chains.”
Nailwal further feels that participation from world-class organizations will strengthen India’s standing as a Web3 powerhouse. “Future upgrades to Polygon CDK will also allow for enhanced privacy for transaction data, the ability to run the chain without a token or to use a central bank digital currency and access to liquidity in the greater Polygon and Ethereum ecosystems,” Polygon said in a press release. Polygon co-founder Jordi Baylina, Naiwal’s opponent, announced that in 2024, Polygon’s different Ethereum layer-2 scaling networks will be merged to complete its “Polygon 2.0” cross-chain coordination protocol.