Polygon powers agri B2B platform Agri10x

Karthik Subramanian

Agri10x, one of the largest B2B e-commerce marketplaces in India, has announced that it has tied up with Polygon, the Ethereum Layer 2 solution, to connect the farmers in the agricultural sector in India with the buyers and other businesses all over the world.


The blockchain and AI-enabled platform are aimed to give a facelift to the agricultural sector in India and the advent of Polygon is expected to give a major boost in terms of visibility as well as scalability. Polygon is being deployed across a range of industries over the last few months and this is one more e-commerce platform that seems to believe in the growth and scalability of Polygon. It has its advantages that it is not faster and cheaper than Ethereum and this, coupled with the fact that the backbone continues to remain as Ethereum, has helped Polygon to grow at a very fast rate among developers and users since the beginning of the year.

Agri10x CEO & co-founder, Mr. Pankajj Ghode stated, “We are pleased to collaborate with the Polygon team and look forward to working together. Our strengths combined with their expertise will help streamline the supply chain process and offer strong support to our expansion plans.”

Though they are a few Layer 2 solutions around, Polygon does seem to be the preferred choice from most of the developers and it has to be said that it has managed to wean away many of the Ethereum developers to its network. Recently, we have had news that the Stellar-Polygon bridge is also being built which is only going to increase the adoption of Polygon as the high gas fees on Ethereum continues to haunt the network with its users looking for cheaper and faster alternatives.

“We are impressed with how fast Agri10x has become India’s leading e-marketplace and post-harvest solution provider. We are delighted that Agri10x has chosen Polygon to help bring digital transformation to the farming community,” commented Mr. Sandeep Nailwal, co-founder of Polygon.

It is expected that ETH 2.0 might ease some of the issues about network speed and high gas fees but it remains to be seen what kind of a dent that the Ethereum network is going to suffer in the meantime and whether the developers would be willing to come back once the new version is launched.

Read this next

Metaverse Gaming NFT

Industry Leaders DER Touristik Online, Lufthansa Group, and Chain4Travel Host First Web3 & Travel Hackathon

DER Touristik Online, Lufthansa Group, and Chain4Travel join forces to organize the travel industry’s first-ever hackathon centered on web3 technologies, delivering innovative prototypes in less than four days.

Retail FX

Revolut misses deadline for filing 2022 financial accounts

British fintech firm Revolut has been granted an extension for filing its 2022 financial accounts, marking the second consecutive year the company has secured such permission. According to Companies House, the UK’s public registry of businesses, the original deadline for filing was September 13.

Retail FX

Traders Union Names RoboForex the Best Forex Broker of 2023

In a recent update, Traders Union has unveiled its highly anticipated ranking of the Best Forex Brokers for 2023, continuing its tradition of providing valuable information to traders.

Digital Assets

PayPal introduces its stablecoin to Venmo users

PayPal has revealed that its PYUSD stablecoin, designed for payments and transfers, is now accessible through Venmo. This stablecoin, fully backed by US dollar deposits and similar assets, provides selected users with a regulated, dollar-denominated digital currency.


Stagflation Speculation: Is the UK Economy Heading for Uncharted Waters?

Amid rising concerns about a potential recession, the term “stagflation” is increasingly being used to describe the UK’s current economic scenario, characterized by conflicting indicators such as high inflation and stagnant growth.

Industry News

Exness Becomes Titanium Sponsor for 6th Annual Forex Expo in Dubai.

Multi-asset broker Exness has been named the Titanium Sponsor for the 6th edition of the Forex Expo in Dubai, further cementing its role as a key player and supporter in the trading industry.

Digital Assets

Mt. Gox victims to wait another year for repayments

Nobuaki Kobayashi, the trustee responsible for managing the assets of the now-defunct Mt. Gox Bitcoin exchange, has announced an extension of the deadline for repaying the exchange’s creditors.


Sumsub launches Non-Document Verification in the UK: Client onboarding in 5 seconds

Sumsub’s partnership with OneID introduces Non-Document Verification, enabling near-instant identity verification through official bank records while ensuring compliance with UK regulations.

Industry News

CFTC fines Advantage Futures $395,000 for 12.8 million unmonitored trades

Collectively, these failures by Advantage resulted in over 12.8 million cleared contracts not being processed or surveilled from July 2018 to June 2022. This accounts for nearly 1.5% of the trading volume by Advantage’s customers during that four-year period.