Reliance’s Jio Platforms has joined palms with Polygon Labs to deliver internet 3 and blockchain options to greater than 450 million shoppers in India. The collaboration goals to combine its superior blockchain know-how into Jio’s providers, marking a significant step in direction of Web3 adoption within the nation. Meanwhile, Polygon (POL) value surged 5% within the final 24 hours, reflecting rising investor confidence.
Reliance Jio Platforms Partners with Polygon Labs for Web3 Revolution in India
Reliance’s Jio Platforms announced on Jan 15 its strategic partnership with Polygon Labs. The collaboration goals to revolutionize India’s digital panorama by introducing Web3 and blockchain-powered providers to Jio’s large person base of 450 million. The partnership will combine Its scalable blockchain options into Jio’s present functions and providers, delivering superior digital experiences to its clients.
Big information.
Polygon Labs is becoming a member of forces with India’s largest telecom firm for its web3 debut. @reliancejio will onboard 450+ million customers by including blockchain capabilities through Polygon PoS to choose apps and providers. pic.twitter.com/RaFRRN3DR2
— Polygon (※,※) (@0xPolygon) January 16, 2025
Kiran Thomas, CEO of JPL, highlighted this partnership as a milestone in Jio’s journey towards digital excellence. He acknowledged that-
“We are excited to explore the boundless possibilities of Web3 and bring unparalleled digital experiences to our users.”
The firm co-founder Sandeep Nailwal celebrated the collaboration, calling it a transformative step for Web3 adoption in India.
This transfer displays Jio’s broader ambitions to combine blockchain options into its ecosystem, evident in previous initiatives like Jio TrueConnect, which combats spam by way of blockchain-based know-how. With this partnership, Jio positions itself as a pacesetter in India’s Web3 area, signaling a shift in how enterprises undertake blockchain for scalable and user-centric options.
Polygon’s Role in India’s Blockchain Growth
Polygon has already established its capability to promote blockchain adoption in India. For occasion, within the Maha Kumbh Mela of 2025, the Indian Railways partnered with Chaincode Consulting to undertake blockchain know-how. This partnership utilized its blockchain to challenge NFT-based prepare tickets, enabling hundreds of thousands of pilgrims to attend the pageant seamlessly.
These tickets when issued as NFTs have been additionally thought of to be secured and simply verified as conventional property, thereby simply incorporating the most recent know-how. The aim was to ship a ‘first’ totally digital and user-friendly expertise whereas sustaining the issue of the occasion. It additionally showcased Solidity’s scalability and eco-friendliness, proving its reliability as a blockchain associate for main occasions.
People have additionally responded positively to this initiative, particularly on social media, saying that it was thrilling to see know-how getting used on this context. This success strengthens its place as a most popular blockchain provider in India for Indian enterprises and authorities initiatives with additional changes set for the long run, paving new alternatives. If not, the affect of the partnership with Jio on Polygon within the Indian blockchain ecosystem will definitely be explosive.
POL Price Performance
POL price was buying and selling at $0.479 on the time of writing, a 5% enhance within the final 24 hours. The token’s 24-hour buying and selling vary stood between $0.44 and $0.48, with a market capitalization of $4.05 billion. Trading quantity surged by 38% over the identical interval, reaching $179 million.
Polygon has been making strides in a number of sectors, together with gaming, synthetic intelligence (AI), NFTs, and real-world property (RWA). It goals to onboard a billion customers to Web3 and blockchain. Partnerships like Jio Platforms will deliver an enormous upside momentum in POL value.
According to CoinGape report, Polygon has the potential to rally by 3,000% throughout this bull market, with a value goal of $12.66 within the close to future.
Coinglass knowledge reveals that POL token futures quantity reached $90 million, up 60% in 24 hours, whereas open curiosity grew by 9% to $124 million. With a strong ecosystem and rising adoption, it seems well-positioned to lead the subsequent section of blockchain innovation.
Coingape Staff
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