- Polygon Labs partnered with Flipkart and Hang to launch a new Web3 loyalty program.
- The new loyalty program will offer various rewards to users.
- Polygon Labs believes that the program can bring millions of new users into Web3.
The current crypto bear market has been one of the toughest in the industry’s history. Multiple companies have gone bankrupt and digital asset prices have plummeted.
However, there are projects that are still going hard. One of them is Polygon, which just partnered with India’s digital commerce giant Flipkart to onboard new users to blockchain.
Polygon to Bring ‘Millions” Into Web3 with Flipkart
Polygon, the Ethereum layer 2 scaling powerhouse, is tapping into India’s digital commerce industry.
On Wednesday, Polygon Labs announced that it has partnered with Flipkart, India’s leading digital commerce company. Polygon Labs and Flipkart, together with Hang, a new loyalty platform, will launch a loyalty program Firedrops in India.
The loyalty program will offer millions of Flipkart users experiences like surprises, games, and rewards, incentivizing brand loyalty through gamification. Polygon Labs said that the program can potentially “introduce millions of new users to Web3.”
Naren Ravula, VP, Head of Product Strategy and Deployment at Flipkart, said that Web3 and NFT integrations into its brand loyalty programs are “revolutionizing brand marketing, storytelling, and customer engagement.”
“As India’s homegrown e-commerce marketplace which is constantly innovating, we recognize the value of customer loyalty and more importantly, the emerging space of Web3 loyalty. We are excited to partner with one of the best in the space for this innovative brand-first rewards and loyalty program.”
Firedrops is currently offering early access to waitlisted users.
On the Flipside
- The new loyalty program is built on Polygon PoS, which has lower security guarantees than Polygon zkEVM.
Why This Matters
Partnering with established Web2 companies is a great way to onboard millions of new users to blockchain.
Read more about Polygon 2.0:
How Polygon 2.0 Transforms Ethereum with Its New Value Layer
Read more about MATIC being labeled as a security:
Polygon (MATIC) Fails to Rebound After Being Labeled Security by SEC
