Jio and Polygon: Partnership for Web3 Growth in India

user avatar

by Giorgi Kostiuk

2 years ago

Companies from various sectors are actively exploring blockchain potentials. Recently, Indian telecom giant Jio announced a partnership with Polygon to improve services for over 450 million users.

Jio and Polygon Partnership

Jio Platform Ltd., a subsidiary of Reliance Industries Limited, has entered a strategic partnership with Polygon Labs for its Web3 and blockchain debut in India. JPL CEO Kiran Thomas said, “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.”

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.Kiran Thomas

Impact on Users and Market

Following the successful alliance with Jio, Polygon Labs Founder Sandeep Nailwal described it as a significant step forward for Web3 adoption in India. He remarked, “We look forward to working with Jio as they introduce Web3 to their millions of customers.”

We look forward to working with Jio as they introduce Web3 to their millions of customers.Sandeep Nailwal

Market Dynamics and Forecasts

After announcing the partnership, Polygon (MATIC) saw a 4.70% price increase in the last 24 hours. Trading volume surged 51.34% to $7.64 million, and market capitalization rose 4.74% to $903.71 million. Experts predict further growth due to the Jio collaboration. On PayBito, MATIC/USD became one of the most traded pairs along with MATIC/ETH, MATIC/USDT, MATIC/EUR, and MATIC/USD on Coinbase.

The Jio and Polygon partnership signifies important steps in advancing blockchain technology in India and could stimulate growth in the cryptocurrency market.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Project Eleven and Quantus Collaborate on Strongpoint for Future Crypto Custody

Project Eleven has partnered with Quantus to enhance crypto custody solutions through the integration of the Quantus Network into Strongpoint, targeting support for post-quantum cryptography by Q1 2027.

user avatarRajesh Kumar

Sui and Alibaba Cloud Collaborate on AI Agent Payment Integration

Sui and Alibaba Cloud are developing a payment model for AI agents to autonomously pay for cloud services using stablecoins.

user avatarLucas Weissmann

Moscow Exchange to Launch Cryptocurrency Trading on December 1

Moscow Exchange is set to begin offering cryptocurrency trading on December 1, 2023, following a new regulatory framework in Russia.

user avatarFilippo Romano

OSL Group Launches Tokenized USDGO Plus SP Fund

OSL Group has successfully tokenized the USDGO Plus SP fund, providing custody and distribution through its licensed platform in Hong Kong.

user avatarEmily Carter

PowerCompute Increases Bitcoin Production While Reducing Debt

PowerCompute mined 81 BTC in September 2023, a 37 BTC increase from last year, while reducing its secured debt from $237 million to $125 million.

user avatarKaterina Papadopoulou

NextBlock Fully Funds Soda Labs' Seed Round with $3 Million Investment

NextBlock has invested $3 million in Soda Labs, fully funding the company's seed round to develop privacy infrastructure for financial applications.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.