Reliance Industries’ Jio Platforms has partnered with Sandeep Nailwal-led Polygon Labs to bring Web3 capabilities to some of its existing applications and services
Launched in 2017, Polygon intends to offer a comprehensive suite of solutions for developers and users
Earlier this week, telecom giant Reliance Jio also rolled out its 4G and 5G services at the Siachen glacier
Reliance Industries’ Jio Platforms has partnered with Sandeep Nailwal-led Polygon Labs to bring Web3 capabilities to some of its existing applications and services.
“Joining forces with Polygon Labs marks a significant milestone in Jio’s journey towards digital excellence. We are excited to explore the boundless possibilities of Web3 and bring unparalleled digital experiences to our users,” said Kiran Thomas, CEO at Jio Platforms.
Launched in 2017 by Sandeep Nailwal, Jaynti D Kanani and Anurag Arjun, Polygon intends to offer a comprehensive suite of solutions for developers and users to meet the requirements of Web3 and aims to become the AWS of the Web3 space.
Aishwary Gupta, global head of payment and fintech and ecosystem business development for India at Polygon Labs told Inc42, “The idea for us is to get people in India to leverage the blockchain technology on Polygon and add additional functionalities to the existing product suite of Jio to make it better and rewarding for the users.”
This development comes at a time when Jio Platforms has scaled up its digital play in the past year by launching a clutch of new offerings, including AI cloud services, 4G feature phones and Bluetooth tracker JioTag Go.
To note, earlier this week, telecom giant Reliance Jio
also rolled out its 4G and 5G services at the Siachen glacier.
Furthermore, there has been a growing interest in forging partnerships with blockchain and Web3 startups for the innovation of new tech advancements, where artificial intelligence is overtaken by generative AI and Web3 ecosystem.
A month ago, gaming giant Nazara Technologies and blockchain startup Lysto signed a letter of intent to launch ‘The Growth Protocol’, a blockchain-focused protocol for digital marketing and growth applications in the Web3 ecosystem.
