Skip to main content

Flipkart To Start Testing Web3.0 Metaverse Commerce with innovation Lab.

 Bengaluru-based e-commerce giant Flipkart has launched an in-house innovation arm called 'Flipkart Labs' to explore ways to expand onto the metaverse.

Flipkart To Start Testing Web3.0 Metaverse Commerce with innovation Lab..jpg

Walmart-backed e-commerce marketplace will test non-fungible tokens or NFTs virtual immersive storefronts and play to earn.

Naren Ravula VP and Head Product Strategy and Deployment, Flipkart labs said, “One of the first areas of focus for Flipkart Labs is to collaborate with the Web 3.0 community and set the standard for commerce in the Metaverse."

Web 3.0 is an impact across the e-commerce sector, said Ravula adding that it “leverages the best of latest technology like blockchain for real-world use cases that can digitally transform businesses like ours".

Read full story at https://cryptounity.news/flipkart-to-start-testing-web30-metaverse-commerce-with-innovation-lab

Comments

Post a Comment

Popular posts from this blog

Chinese city Shanghai includes Metaverse in its development plan

 Shanghai's five-year plan requires the utilization of a metaverse out in the open administrations, business, amusement, and modern assembling. Shanghai, China's most jam-packed city, is looking for ways of utilizing a metaverse openly administration over the course of the following five years. Shanghai Municipal Commission of Economy and Information Technology's five-year improvement plan for the electronic information industry is recorded for investigation, and one of them is the metaverse. Read full story on http://cryptounity.news/Chinese-city-Shanghai-includes-Metaverse-in-its-development-plan 
Post a Comment
Read more

Aave Votes to Deploy on Ethereum Layer-2 Solution zkSync

  Matter Lab's proposal to deploy Aave on the Testnet for its Ethereum scaler zKSync has been approved.  Aave  community members approved Matter Lab's proposal to deploy the decentralized lending protocol Aave on its Ethereum scaling product zkSync. Most voters favor the proposal while a mere 0.02% abstained more than 501,000 Aave governance tokens (AAVE) were used in the voting process.  The approved proposal is to deploy Aave to zkSync Testnet for Mainnet deployment Matter Labs would need to propose a new vote.  Read full news at:   http://cryptounity.news/aave-votes-to-deploy-on-ethereum-layer-2-solution-zksync
Post a Comment
Read more

What is the Ethereum Merge? : All you need to know about Ethereum Merge 2.0

The Ethereum Merge is the joining of Ethereum’s proof-of-stake (PoS) Beacon chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy Proof-of-work (PoW) system. This will bring about a 99.95% decrease in Ethereum’s energy utilization, and the capacity to additional scale the Ethereum environment. It will bring about Ethereum 2.0, another adaptation of Ethereum. Currently, there are two independent blockchains for Ethereum operating in isolation. These are the current proof-of-work (POW) Ethereum chain and a separate proof-of-stake Beacon Chain. The Merge means to emphatically work on the effectiveness of the Ethereum platform by eliminating the requirement for energy-concentrated mining. It rather permits a network of validators to assume control over the job of block production and consensus. Read full news at:  http://cryptounity.news/what-is-the-ethereum-merge-all-you-need-to-know-about-ethereum-merge-20
Post a Comment
Read more