Flipkart collaborates with eDAO to create virtual buying experience in Metaverse – Startup Story

B2B Connect
29,305 results found in 1ms
Meteor Venture | promoting potential startups to reach their zenith of success
Beingartifex | A Unique skills development platform for students
Startup Story Launches COVID Relief Campaign -2021
Nexus backed Blueshift raises $30M in Series C round led by Fort Ross Ventures, Avatar Growth Capital
Edtech startup Doubtnut raises Rs 224 Cr in Series B round led by SIG, Lupa Systems
Neuralink monkey is able to play ping pong amazingly
Pension To Be Provided To Dependents Of COVID-19 Victims; Govt Launches Scheme
Jai Kisan Raises Funding $30M Round Led By Mirae Asset
In-principle Approval From Paytm’s Company Board To Raise Around Rs 22,000 Crore, IPO

The locally developed e-commerce platform Flipkart revealed on Monday that it has teamed up with the Polygon-incubated organisation eDAO to introduce Flipverse, a metaverse environment where users can browse products in a photorealistic virtual location and make purchases through the Flipkart App. 
The business claimed that Flipverse, built utilising eDAO’s ground-breaking Web3 tech stack, will provide consumers with gamified, dynamic, and immersive shopping experiences in the digital sphere by granting them access to their favourite brands, Supercoins, and digital collectibles.
The introduction of Flipverse, according to Naren Ravula, VP and Head, Product Strategy and Deployment, Flipkart Labs, “will continue to have an impact on innovative industries like e-commerce and enhance the customer experience while delivering a gamified and immersive shopping experience, especially in light of the adoption of the metaverse and web3 platforms by multiple brands in India.” 
Flipkart collaborates with eDAO
We want to enhance customers’ virtual and immersive shopping experiences by giving them access to their chosen brands, deals, SuperCoins, and digital collectibles, said Ravula. 
In a metaverse where communication is two-way, the launch’s goal is to “reverse” the shopping narrative and bring customers closer to their favourite companies.
Flipkart’s recently released platform, FireDrops, which can be accessible from the e-commerce site’s app, will have Flipverse available on it. It will make it possible for a variety of brands to develop original product launches, discovery, and inspirational user experiences. 
According to the business, it would also enable brands to generate and build their metaverse-ready digital twin in the virtual world.
Nischal Shetty led Shardeum raises $18.2 million in seed funding…
Live commerce startup Shopr.tv raises $1.7 million in funding from Y-Combinator…
Khatabook focuses on digital lending, SaaS for revenue…
Fitness startup Cult.fit shaping up for public listing in 12-18 months…
Intellemo raises over 3 Cr in seed funding led by Inflection Point Ventures…
Vertex Ventures leads a $9 million Series A funding round for BeepKart…
Melorra’s scale surge 4.6X in FY22, losses exceed Rs 100 Cr…
Fintech firm Perfios raises debt funding from Stride Ventures…
With an emphasis on Chinese tech firms, Vertex Ventures to launch a $500 million…
Fashion trade platform Reevoy secures Rs. 48 crores in funding from Kilde…
Nischal Shetty led Shardeum raises $18.2 million in seed funding…

source

Leave a Comment