Reliance Jio, India’s largest telecom operator, has launched a reward token dubbed JioCoin on the Ethereum layer 2 network Polygon. While there has been no official announcement from the company as of publication time,

Jio has partnered with with Polygon Labs, the development team behind Polygon Protocols, to launch its Web3 and blockchain services in India, the company said on Thursday. This collaboration will leverage Polygon's advanced blockchain technology to add innovative Web3 capabilities to some of Jio Platform's existing applications and services.

On January 16, X users noticed the incorporation of JioCoin into JioSphere, which is Jio’s own web browser. This advancement comes after Jio’s recent partnership with Polygon Labs, focused on improving its services with blockchain and Web3 features.

India’s telecommunications and digital services company, Jio Platforms, is introducing Web3 capabilities to its user base of over 450 million. The initiative involves a collaboration with Polygon Labs,

On Thursday, the wholly-owned Reliance unit shared that it would be leveraging Polygon's blockchain solutions to create innovative Web3 services for its existing 450+ million cust