Reliance’s Jio Platforms has joined hands with Polygon Labs to bring web 3 and blockchain solutions to more than 450 million consumers in India. The collaboration aims to integrate its advanced blockchain technology into Jio’s services, marking a major step towards Web3 adoption in the country. Meanwhile, Polygon (POL) price surged 5% in the last 24 hours, reflecting growing 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 aims to revolutionize India’s digital landscape by introducing Web3 and blockchain-powered services to Jio’s massive user base of 450 million. The partnership will integrate Its scalable blockchain solutions into Jio’s existing applications and services, delivering advanced digital experiences to its customers.
Big news.
Polygon Labs is joining forces with India’s largest telecom company for its web3 debut. @reliancejio will onboard 450+ million users by adding blockchain capabilities via Polygon PoS to select apps and services. pic.twitter.com/RaFRRN3DR2
— Polygon (※,※) (@0xPolygon) January 16, 2025
Kiran Thomas, CEO of JPL, highlighted this partnership as a milestone in Jio’s journey toward digital excellence. He stated that-
“We are excited to explore the boundless possibilities of Web3 and bring unparalleled digital experiences to our users.”
The company co-founder Sandeep Nailwal celebrated the collaboration, calling it a transformative step for Web3 adoption in India.
This move reflects Jio’s broader ambitions to integrate blockchain solutions into its ecosystem, evident in past initiatives like Jio TrueConnect, which combats spam through blockchain-based technology. With this partnership, Jio positions itself as a leader in India’s Web3 space, signaling a shift in how enterprises adopt blockchain for scalable and user-centric solutions.
Polygon’s Role in India’s Blockchain Growth
Polygon has already established its ability to promote blockchain adoption in India. For instance, in the Maha Kumbh Mela of 2025, the Indian Railways partnered with Chaincode Consulting to adopt blockchain technology. This partnership utilized its blockchain to issue NFT-based train tickets, enabling millions of pilgrims to attend the festival seamlessly.
These tickets when issued as NFTs were also considered to be secured and easily verified as traditional assets, thereby easily incorporating the latest technology. The goal was to deliver a ‘first’ fully digital and user-friendly experience while maintaining the factor of the event. It also showcased Solidity’s scalability and eco-friendliness, proving its reliability as a blockchain partner for major events.
People have also responded positively to this initiative, especially on social media, saying that it was exciting to see technology being used in this context. This success strengthens its position as a preferred blockchain supplier in India for Indian enterprises and government projects with further adjustments set for the future, paving new opportunities. If not, the impact of the partnership with Jio on Polygon in the Indian blockchain ecosystem will certainly be explosive.
POL Price Performance
POL price was trading at $0.479 at the time of writing, a 5% increase in the last 24 hours. The token’s 24-hour trading range stood between $0.44 and $0.48, with a market capitalization of $4.05 billion. Trading volume surged by 38% over the same period, reaching $179 million.
Polygon has been making strides in multiple sectors, including gaming, artificial intelligence (AI), NFTs, and real-world assets (RWA). It aims to onboard a billion users to Web3 and blockchain. Partnerships like Jio Platforms will bring a massive upside momentum in POL price.
According to CoinGape report, Polygon has the potential to rally by 3,000% during this bull market, with a price target of $12.66 in the near future.
Coinglass data reveals that POL token futures volume reached $90 million, up 60% in 24 hours, while open interest grew by 9% to $124 million. With a robust ecosystem and growing adoption, it appears well-positioned to lead the next phase of blockchain innovation.
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