Jio Platforms Partners with Polygon Labs to Enhance Web3 for 450 Million Users
Jio Platforms Ltd (JPL) has partnered with Polygon Labs to integrate Web3 capabilities into Jio’s apps and services, impacting over 450 million users. This collaboration aims to enhance digital experiences using blockchain technology.
- Kiran Thomas, CEO of JPL, highlighted the partnership as a significant step towards advancing Jio's digital capabilities.
- Sandeep Nailwal, founder of Polygon, emphasized the importance of this collaboration for Web3 adoption in India.
- The partnership is projected to improve user privacy, data control, and access to new services without requiring technical knowledge.
- Industry reactions include praise for Polygon, with some viewing it as a bullish indicator for further institutional involvement in Web3.
Web3 Growth on Polygon PoS
Polygon reported that 2024 was a breakout year for Web3, led by projects on its Proof-of-Stake (PoS) network.
- Polymarket emerged as a leading prediction market with 26.2 million transactions and $8.8 billion in volume.
- Stablecoins integrated on Polygon PoS outperformed those on major chains like Ethereum, Arbitrum, and Base by the end of 2024.