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Reading: Reliance Jio Partners with Polygon to Boost Web3 and Blockchain Adoption in India
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Reliance Jio Partners with Polygon to Boost Web3 and Blockchain Adoption in India

Techon
Last updated: 16/01/2025 2:48 PM
Techon
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Reliance Jio Partners with Polygon to Boost Web3 and Blockchain Adoption in India
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Reliance’s Jio Platforms has collaborated with Polygon Labs to deploy Web3 and blockchain technologies for more than 450 million consumers in India. The goal of this partnership is to bring Jio’s services into Polygon’s leading blockchain technology

Which is a major leap for Web3 utilization in the region. Also, Polygon (POL) grew by 5% on the last 24 hours indicating an increase in trust from investors.

Reliance Jio Platforms Collaborates with Polygon Labs to Reach Web3 Revolution in India

Reliance’s Jio Platforms announced on January 15 their partnership with Polygon Labs to bridge and empower India with Web3 and blockchain services to transform its digital landscape for its 450 million users.

In this form of collaboration, Jio aims to combine the existing applications and services with the scalable blockchain technology that Polygon offers to elevate the digital experience of its customers.

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In the words of Kiran Thomas, CEO of JPL, this partnership is a great milestone in the pursuit of digital excellence by Jio. He attested how crucial this collaboration is for the services of Jio.

Reliance Jio Platforms Collaborates with Polygon Labs to Reach Web3 Revolution in India

This collaboration was received with great enthusiasm by Sandeep Nailwal, co-founder of Polygon, as they celebrate it as a monumental step forward for the adoption of Web3 in India.

Jio’s vast ambitions of incorporating blockchain solutions into its ecosystem, demonstrated by past initiatives like Jio TrueConnect which utilizes the technology to fight spam.

This alliance puts Jio on the map as a pioneer of the Web3 space in India and highlights how enterprises are beginning to adopt scalable user-centric blockchain solutions.

Polygon’s Role in the Growth of Blockchains in India

Polygon has proved its ability to encourage adoption of blockchain within India. One such example is the Maha Kumbh Mela that took place in 2025, where, for the first time, Indian Railways partnered with Chaincode Consulting to utilize blockchain technology.

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This partnership leveraged Polygon’s blockchain to issue NFT-enhanced train tickets to the millions of pilgrims attending the festival, streamlining the travel experience.

These NFT-ese tokens served as tickets were secure, simple to authenticate, and digitized. The objective was completely virtual and user centric; however, the ethos of the event was targeted to be maintained as well.

This initiative also showcased the economic benefits of blockchain purported by Polygon, solidifying the company’s reputation as a reliable partner in large scale events.

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The general public welcomed this program, and it gained significant visibility in the social media space and users commended the advanced application of technology.

This favorable outcome strengthens the credibility of Polygon as a go-to blockchain service provider in India for enterprise and public sector projects. Future developments are expected to bring new possibilities, while the Jio partnership is anticipated to change how Polygon participates in the Blockchains in India.

POL Price Performance

Reliable sources state that Polygon is able to keep up with the industry standards within the gaming sphere, AI, NFTs, and even with Real World Assets (RWA).

It is reasonable to begin believing its bold statement of aiming to onboard a billion users to Web3 and blockchain where Pol price is anticipated to elevat with its partnership with Jio Platforms.

According to the information from CoinGape, Polygon can expect to undergo a 3000 percent bullish period whilst the prices are expected to rise reaching $12.66.

The volumetric futures of the POL token have marked at 90 million dollars with a 60 percent increase within the period of 24 hours. With this Polygon is measured to be 322 million dollars strong rising to a 124 million dollars of open interest increased by 9 percent PLo token coverage.

POL Price Performance

The Coinglass data shows that with its robust ecosystem in place and a pol target of 3 dollars during this period of adoption and innovation it is expected to lead the next phase of blockchain.

At ths moment fo writing, the POL targets a price of 0.48 while marking an increase of about 5 percent. For the past 24 hours the market range traded between $0.44 and $0.48 where the tokens market cap marked five billion dollars. 38 percent increase in trading Vo measure the trading period now stands at 179 million dollars.

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ByTechon
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Techcon The 10-year-old crypto Blogger and an accomplished individual's voice is Techon in the Crypto World. Carter began his journey with Bitcoin in 2011 when he helped anyone interested in learning it through his well-appreciated blog. This skill is what makes Techno a storehouse of knowledge for both newbies and veterans since he breaks even the complex with lots of simplicity and yet offers balanced opinions. Through his decade-long experience in this field, he has evolved into a seasoned professional, which gave him access to the information needed in such a vast and well-orchestrated industry of Digital Currencies.
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