India’s homegrown e-commerce marketplace Flipkart in partnership with eDAO, a Polygon-incubated organisation that designs and launches global art, media, and entertainment IPs at scale into the world of Web3, have announced the launch of Flipverse. It is a metaverse space where consumers can discover products in a photorealistic virtual destination and shop on the Flipkart app.

Created using eDAO’s pioneering Web3 tech stack, Flipverse will 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 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, the two companies said in a joint press release.

India’s Flipkart in partnership with eDAO, a Polygon-incubated organisation that designs and launches global art, media, and entertainment IPs at scale into the world of Web3, have announced the launch of Flipverse. It is a metaverse space where consumers can discover products in a photorealistic virtual destination and shop on the Flipkart App.

Flipverse will be available on Flipkart’s newly launched platform, FireDrops, which can be accessed from the e-commerce platform’s app. Flipverse will enable a multiverse of brands to create unique product launches 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 digital twin can then experience brands’ products, win offers, and claim digital collectibles that unlock unique experiences and offers.

A wide range of brands will embrace the idea of a virtual theatre to showcase products and offers in this first-ever iteration of Flipverse ranging from sports apparel, wearable electronics, and fashion to home appliances and cosmetics. Many brands including Puma, Noise, Nivea, Lavie, Tokyo Talkies, Campus, VIP, Ajmal Perfumes, Himalaya, Butterfly India etc will be participating in this edition. Phase one of Flipverse is an Android-only experience, and will be live for a week. The idea is to have millions of users experience Flipverse and open the doors to the future of shopping, the release added.

“The future growth of e-commerce will be influenced by the immersive technologies of today, and metaverse is one of the significant revolutions in this arena with immense potential. 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 an immersive shopping experience, especially in light of the adoption of the metaverse and web3 platforms by multiple brands in India. 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,” said Naren Ravula, VP and head, product strategy and deployment, Flipkart Labs.

“A metaverse must enable a tangible connection for consumers with brands and creators. It must function as a portal to new experiences and engagement loops. With partners like GuardianLink and Surreal Events, Flipverse does all this in just its first iteration. Flipverse can unlock much value over time, but for Diwali, we simply optimised for delight. Bringing creative and technical heft to Flipkart’s vision is a privilege for eDAO,” said Anand Venkateswaran, CEO of eDAO.

Flipkart and eDAO recently partnered to create a digital treasure hunt during the Big Billion Days event by Flipkart. At the end of the 10-day celebration, shoppers got access to ‘The Strand’ digital collectible, eDAO’s all-access passport to a global pop culture ecosystem, spanning art, sport, gaming, entertainment, and more. The Digital Collectible is hosted on Polygon, the leading Web3 infrastructure enabling users to have a low carbon footprint minting experience.

Fibre2Fashion News Desk (NB)