Polygon Gets Big Boost as Flipkart Unveils Layer 2 Plans

Flipkart unveils plans to launch an Ethereum Layer 2 chain using Polygon CDK.

Digital Polygon robot being charged by energy waves.
Created by Gabor Kovacs from DailyCoin
  • Flipkart has announced plans to join Polygon’s multichain ecosystem.
  • The move promises to be a big boost for the Polygon ecosystem.
  • Flipkart joins the likes of OKX and Manta, who have revealed plans to join the Polygon ecosystem in recent weeks.

The last few weeks have been exciting for the Polygon community, and as recently promised by Polygon founder Sandeep Nailwal, this excitement is not slowing down. One of the three major announcements the Polygon founder had teased for December 2023 has now been unveiled.

Leading Indian e-commerce website Flipkart has revealed plans to join Polygon’s growing network of Layer 2 chains in a move that promises to onboard millions to the ecosystem and Web3. 

Flipkart Taps Polygon CDK for Layer 2 Venture

In June 2023, Flipkart announced that it was launching a Web3 loyalty program in partnership with Polygon Labs called Firedrops. Following the success of this program, the e-commerce giant is now looking to scale by leveraging Polygon’s Layer 2 building technology.

At Polygon Connect India on Thursday, December 7, Polygon Labs announced that Flipkart would launch a zero-knowledge powered Ethereum Layer 2 chain dedicated to Firedrops using its Chain Development Kit.

Polygon Labs revealed that the loyalty program had attracted over 3.3 million wallets, and the move to a Layer 2 chain would ensure continued growth. The firm further contended that Flipkart could create a more personalized experience for its customers by using the CDK.

The partnership also stands to benefit the Polygon ecosystem significantly.

A Huge Boon For Polygon

By launching a Layer 2 chain using Polygon’s CDK, the millions of Flipkart users participating in the Firedrops program will also have access to the broader Polygon and Ethereum ecosystem in line with the unified liquidity goal of the 2.0 roadmap. As such, all other projects within the Polygon ecosystem also stand to benefit from Flipkart’s entry.

Flipkart joins a growing list of businesses and projects building ZK-powered Layer 2 chains with the Polygon CDK. This list includes OKX, Astar, Canto, and Manta Network. If developers are to be believed, there are still more big names.

On the Flipside

  • The Flipkart Layer 2 chain may take a few months to actually launch.
  • Polygon’s Nailwal has promised two more exciting announcements before the end of December.

Why This Matters

Flipkart is one of the largest online marketplaces in India. By launching a Layer 2 chain using Polygon CDK, the firm will likely onboard millions of users to the Polygon ecosystem and Web3.

Read this for more on Polygon’s relationship with Flipkart:
Polygon Looks to Bring ‘Millions’ into Web3 with Flipkart Partnership

Find out more about Polygon’s recent partnership for Web3 gaming:
Polygon Won’t Give Up on Web3 Games: Forms New Partnerships

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Okoya David

David Okoya is a crypto news reporter at DailyCoin based in Nigeria. He covers various topics related to the cryptocurrency industry, including exchanges, regulations, and price movements, and strives to bring fresh angles to breaking news. With experience as a freelance crypto news writer, David upholds the highest journalistic standards, telling complete stories and answering lingering questions whenever possible.