Flipkart joins the Metaverse bandwagon and will release Flipverse around Diwali
- ByStartupStory | September 26, 2022
For the experiment, Flipkart reportedly collaborated with Ethereum Layer 2 scaling startups Polygon and social media behemoth Meta. During the current Billion Day Big Sales, Flipkart is probably going to reveal the Metaverse offering. The project will likely begin around Diwali. In order to improve the current 2D user experience and include virtual reality and other interactive elements, Flipverse is anticipated to incorporate Web 3.0 technologies. According to reports, e-commerce behemoth Flipkart intends to introduce its interactive and Metaverse-themed virtual retail platforms Flipverse during the present Billion Day Big Sale.
According to sources cited by The Decrypting Story, Flipkart has collaborated on the initiatives with Ethereum Layer 2 scaling startups Polygon and social media behemoth Meta. They added that the Metaverse initiatives might start up as early as Diwali, which falls in October this year.
In order to improve the present user experience and include a virtual reality component, Flipverse is anticipated to use a variety of Web3.0 technologies. With the new service, users will be able to browse the digital mall and interact with the storefronts. According to reports, Flipverse will feature games, NFT, product debuts, and other competitions.
This comes after a week in which numerous media reports and online bloggers made overt and covert fun of the Metaverse platforms. Sandeep Nailwal, a co-founder of Polygon, earlier this week tweeted about Flipverse by Flipkart and claimed that it collaborates with both Polygon and eDAO.
For a while now, Flipkart has been experimenting with Web3.0 technologies. To celebrate its entry into the world of Web3.0 technologies, the top e-commerce company founded Flip kart Labs in April of this year. The initiative intends to take advantage of Flip kart’s internal resources to develop a technology-based solution that will redefine e-commerce. Additionally, the business unveiled FireDrops earlier this year in an effort to explore NFT-related use cases and promote Web3.0 to a wider audience.
The Flipkart had previously released Nothing Community Dots, a collection of NFTs housed on the Polygon blockchain. The e-commerce behemoth recently stated that Nothing Phone 1 buyers in India would also be able to acquire the smartphone brand’s limited edition NFTs using the app in an effort to promote the use of non-fungible tokens. kart flip.
In preparation for its holiday season sales, the Flipkart Singapore business invested roughly INR 1,600 Cr in its Indian counterpart on Friday.
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