Blockchain innovation continues to gain momentum across South Asia, with India emerging as a key hub for Web3 development and community engagement. As part of this growing momentum, OKX, a leading Web3 technology company, has announced its official sponsorship of Polygon Connect, a major event held during India Blockchain Week (IBW) in Bengaluru. The event took place on December 7, 2023, at the Bengaluru Marriott Hotel, Whitefield, bringing together developers, entrepreneurs, investors, and blockchain enthusiasts from around the globe.
Polygon Connect is more than just a conference—it's a full-day immersion into the Polygon ecosystem, featuring live demos, hackathons, networking sessions, and expert panels. As a sponsor, OKX played a prominent role in shaping the event’s vision, highlighting its commitment to advancing decentralized technologies and empowering the next generation of Web3 builders.
Keynote Insights from OKX’s Web3 Leader
Ankit Bhatia, Director of Product (Web3) at OKX, delivered a compelling keynote address on the main stage from 11:45 AM to 12:00 PM IST. His talk focused on OKX’s cutting-edge Web3 solutions, particularly the launch and architecture of X1, a high-performance, Ethereum-based Zero-Knowledge (ZK) Layer-2 network.
👉 Discover how next-gen ZK technology is transforming blockchain scalability and security.
Built using the Polygon Chain Development Kit (CDK), X1 represents a major leap forward in secure, scalable blockchain infrastructure. By leveraging zero-knowledge proofs, X1 enables faster transaction finality, lower fees, and enhanced privacy—critical components for mass Web3 adoption. Bhatia emphasized that interoperability and developer accessibility are at the heart of OKX’s strategy, ensuring that both novice and experienced builders can seamlessly integrate into the decentralized economy.
Later in the day, Bhatia also participated in a panel discussion titled “Abstracting the Essence of Web3” from 5:00 PM to 5:30 PM IST. The session explored how emerging technologies like account abstraction, MPC wallets, and cross-chain interoperability are simplifying user experiences and removing traditional barriers to entry in the crypto space.
Empowering Indian Users Through Engagement
As part of its outreach during India Blockchain Week, OKX launched an engaging community initiative for Indian users. Participants who followed OKX India’s X account, downloaded the OKX Wallet, and topped up their wallet with cryptocurrency were eligible to enter a giveaway offering a share of 2,000 MATIC tokens.
This campaign not only rewards early adopters but also encourages hands-on experience with self-custody wallets and decentralized applications—key pillars of true digital ownership. The OKX Wallet stands out as one of the most advanced multi-chain wallets available today, supporting over 70 blockchains and integrating innovative features such as:
- MPC (Multi-Party Computation) technology for secure, seedless recovery
- Smart Account functionality powered by account abstraction
- Universal gas payment in stablecoins like USDC or USDT
- Single-transaction execution across multiple smart contracts
These tools collectively lower the friction for new users entering the Web3 ecosystem while offering powerful capabilities for experienced DeFi traders and NFT collectors.
👉 Start your Web3 journey with a wallet designed for security, speed, and simplicity.
OKX’s Comprehensive Web3 Ecosystem
Beyond its wallet offering, OKX provides a full-stack suite of Web3 products tailored to meet diverse user needs:
Decentralized Exchange (DEX)
OKX DEX aggregates liquidity from over 300 decentralized exchanges and integrates around 15 cross-chain bridges. With support for more than 200,000 tokens across 20+ blockchains, it delivers deep liquidity and optimal swap rates—all within a non-custodial environment.
NFT Marketplace
The OKX NFT Marketplace is a zero-fee, multi-chain platform that aggregates listings from top marketplaces including OpenSea, MagicEden, LooksRare, and Blur. Users can discover, buy, sell, and trade NFTs without paying platform fees, making it one of the most cost-effective options in the space.
DeFi & Staking Platform
Through its Web3 DeFi portal, OKX supports earning opportunities across approximately 70 protocols on over 10 chains. Whether users are looking to stake assets, provide liquidity, or explore yield-generating strategies, OKX offers intuitive access to decentralized finance.
Driving the Future of Self-Managed Technology
OKX has positioned itself as a thought leader in advocating for user sovereignty in the digital age. Its global brand campaign, “The System Needs a Rewrite,” underscores the need for a new technological paradigm—one where individuals control their identities, data, and assets without reliance on centralized intermediaries.
By partnering with influential brands like Manchester City F.C., McLaren Formula 1, The Tribeca Festival, and athletes such as Olympian Scotty James and F1 driver Daniel Ricciardo, OKX amplifies its message of innovation and decentralization to mainstream audiences worldwide.
Frequently Asked Questions (FAQ)
Q: What is Polygon Connect?
A: Polygon Connect is a global event series hosted by Polygon during regional blockchain weeks. It brings together developers, founders, investors, and community members to explore advancements within the Polygon ecosystem and broader Web3 landscape.
Q: What is X1 by OKX?
A: X1 is a high-performance ZK Layer-2 network built on Ethereum using the Polygon CDK. It offers fast transaction finality, low fees, and strong security through zero-knowledge proof technology.
Q: How does OKX Wallet support multiple blockchains?
A: The OKX Wallet natively supports over 70 blockchains, allowing users to manage assets across networks like Ethereum, Solana, Bitcoin (via bridges), Arbitrum, Optimism, and more—all from a single interface.
Q: Is the OKX NFT Marketplace really fee-free?
A: Yes. OKX charges zero platform fees for buying or selling NFTs. Users only pay standard network gas fees when transacting.
Q: Can I use stablecoins to pay for gas on OKX Wallet?
A: Absolutely. Thanks to account abstraction and Smart Account technology, users can pay gas fees in USDC or USDT across supported blockchains—eliminating the need to hold native tokens just for transactions.
Q: Does OKX offer staking and yield opportunities?
A: Yes. OKX’s Web3 DeFi platform enables users to earn rewards through staking and liquidity provision across dozens of protocols on multiple chains.
With its strategic presence at India Blockchain Week and ongoing investment in developer tools and user education, OKX is solidifying its role as a catalyst for Web3 adoption in one of the world’s most dynamic tech markets.
👉 Join millions of users already exploring the future of finance with OKX.
As blockchain technology evolves from niche experimentation to real-world utility, platforms like OKX are helping bridge the gap between innovation and accessibility—ensuring that the decentralized future is not only possible but inclusive and user-first.