Reliance Industries’ tech subsidiary, Jio Platforms, led by Mukesh Ambani, has partnered with Polygon Labs, the team behind Polygon Protocols. This collaboration marks Jio’s entry into Web3 and blockchain technology in India. According to a statement, Jio users will now benefit from the advantages of Web3.
Reliance Jio, India’s telecom giant, has entered the blockchain and crypto currency space with its new offering, Jio Coin. Partnering with Polygon Labs, the company plans to transform India’s digital economy. Jio Coin introduces a reward-based token system, allowing users to earn rewards for their online activities through the Jio Sphere browser. This move marks Reliance’s entry into Web3 and aims to boost digital engagement in the country.
Jio Coin: Mukesh Ambani’s Jio Platforms recently partnered with Polygon Labs, an internet technology company. Since the announcement, “Jio Coin” has been trending online, with users sharing screenshots of it.
Many people on Twitter have posted pictures of Jio Coin, even though the company has not officially announced it. Kashif Raza, CEO of Bitinning, speculated that Jio Coin might be used in the future for services like mobile recharges or purchases at Reliance gas stations.
Jio recently partnered with Polygon Labs to improve its services using blockchain and Web3 technologies. However, Reliance Jio, led by Mukesh Ambani, has not officially announced anything about Jio Coin or its purpose.
Jio platforms partnership with Polygon Labs Partnership
Reliance Industries’ technology arm, Jio Platforms, has partnered with Polygon Labs, the development team behind Polygon Protocols, to introduce Web3 and blockchain technology in India. This collaboration will allow Jio users to benefit from Web3 features, such as better privacy and control over personal data, while accessing innovative and rewarding digital services.
The partnership also aims to enhance Jio’s existing applications and services by incorporating Web3 capabilities. By using Polygon’s advanced blockchain solutions, Jio plans to create new Web3 services for its 450+ million customers.
Web3 is powered by technologies like blockchain, smart contracts, and digital assets, including crypto currencies, central bank digital currencies (CBDCs), and NFTs. This partnership is a significant step for Jio, as it opens doors to the crypto industry with the help of Polygon Labs, a leading player in blockchain technology.
Kiran Thomas, CEO of Jio Platforms, expressed excitement about the collaboration, saying, “Teaming up with Polygon Labs is a major milestone in Jio’s digital journey. We look forward to exploring the endless possibilities of Web3 and delivering exceptional digital experiences to our users.”
I pray to god Mr.Mukesh Kumar will become a *The Mukesh Ambani*😊
Thank u