Flipkart partners with eDAO for virtual shopping experience in metaverse

Homegrown e-commerce platform Flipkart announced that it has partnered with Polygon-incubated organisation eDAO to launch a metaverse space, Flipverse

Flipkart
IANS Bengaluru
2 min read Last Updated : Oct 17 2022 | 4:24 PM IST

Homegrown e-commerce platform Flipkart on Monday announced that it has partnered with Polygon-incubated organisation eDAO to launch Flipverse -- a metaverse space where consumers can discover products in a photorealistic virtual destination and shop on Flipkart App.

Created using eDAO's pioneering Web3 tech stack, the company said Flipverse would offer gamified, interactive and immersive shopping experiences for consumers in a digital world by giving them access to their favourite brands, Supercoins and digital collectibles.

"The launch of Flipverse 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," Naren Ravula, VP and Head, Product Strategy and Deployment, Flipkart Labs, said in a statement.

"By providing customers with access to their preferred brands, offers, SuperCoins, and digital collectibles, we are aiming to improve their shopping experiences in a virtual and immersive setting," Ravula added.

The objective of the launch is to 'flip' the shopping narrative, allowing consumers to get closer to their favourite brands in a metaverse where the communication runs two ways.

Flipverse will be available on Flipkart's newly launched platform, FireDrops, which can be accessed from the e-commerce platform's app. It will enable a multiverse of brands to create unique product launches, discovery and inspiring experiences to attract and engage users.

At the same time, it will give brands the ability to generate and create their metaverse-ready digital twin in the virtual world, the company said.

--IANS

vc/ksk/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :FlipkartOnline shoppingMetaversevirtual realityOnline marketplaceDigital servicesDigital customer

First Published: Oct 17 2022 | 4:24 PM IST

Next Story