Blockchain innovation continues to gain momentum across Asia, with India emerging as a key hub for Web3 development and adoption. At the heart of this movement is India Blockchain Week (IBW), a premier event bringing together developers, entrepreneurs, and thought leaders shaping the future of decentralized technology. As part of this year’s festivities, OKX, a leading Web3 technology company, has announced its official sponsorship of Polygon Connect, a flagship event within the IBW lineup.
Held on December 7 at the Bengaluru Marriott Hotel in Whitefield, Polygon Connect unites global participants from the Polygon ecosystem through live sessions, hackathons, and community-driven activities. This strategic partnership highlights OKX’s ongoing commitment to advancing blockchain accessibility, developer empowerment, and user-centric innovation in one of the world’s fastest-growing tech markets.
OKX’s Role at Polygon Connect
As a sponsor and active participant, OKX is not only supporting the event but also contributing directly to its knowledge-sharing mission. Ankit Bhatia, Director of Product (Web3) at OKX, took the main stage at 11:45 IST to deliver a keynote address focused on OKX’s latest advancements in Web3 infrastructure.
His presentation spotlighted X1, OKX’s high-performance, Ethereum-based Zero Knowledge (ZK) Layer-2 network. Built using the Polygon Chain Development Kit (CDK), X1 represents a major leap forward in scalability, security, and transaction efficiency—three critical challenges in today’s decentralized landscape.
👉 Discover how next-gen ZK rollups are transforming blockchain performance.
Bhatia also participated in a panel discussion titled “Abstracting the Essence of Web3” from 17:00 to 17:30 IST. The session explored how account abstraction, seamless onboarding, and improved UX can make blockchain technology more intuitive for mainstream users.
Core Innovations Driving OKX’s Web3 Vision
OKX isn’t just building tools—it’s redefining how people interact with decentralized systems. The company offers a comprehensive suite of Web3 products designed for both newcomers and experienced users:
OKX Wallet: Power, Security & Simplicity
The OKX Wallet stands out as one of the most versatile crypto wallets available today. Supporting over 70 blockchains, it enables users to maintain full custody of their digital assets while enjoying enterprise-grade security features.
One standout innovation is its integration of MPC (Multi-Party Computation) technology, which eliminates the need for traditional seed phrases. Instead, users can recover wallet access securely and independently—without relying on third parties or risking exposure of sensitive recovery keys.
Additionally, OKX Wallet leverages account abstraction through its Smart Account feature. This allows users to:
- Pay gas fees in stablecoins like USDC or USDT across multiple chains
- Execute batched transactions involving multiple smart contracts in a single click
- Customize transaction logic with social recovery and spending limits
These capabilities significantly reduce friction for everyday users and open new possibilities for DeFi, NFTs, and dApp interactions.
DEX Aggregation Across 20+ Blockchains
OKX’s decentralized exchange (DEX) aggregator pulls liquidity from over 300 DEXs and integrates around 15 cross-chain bridges. With support for more than 200,000 trading pairs across 20+ blockchains, it ensures optimal pricing and minimal slippage—making it an essential tool for traders seeking efficiency and flexibility.
Multi-Chain NFT Marketplace with Zero Fees
Collectors and creators benefit from OKX’s zero-fee NFT marketplace, which aggregates listings from top platforms including OpenSea, MagicEden, LooksRare, and Blur. By supporting multiple chains and eliminating transaction fees on trades, OKX lowers barriers to entry in the digital collectibles space.
Web3 DeFi Ecosystem for Yield Generation
Through its DeFi Earn platform, OKX provides access to staking and yield-generating opportunities across approximately 70 protocols on over 10 blockchains. Whether users are looking to stake ETH, provide liquidity on Arbitrum, or earn rewards on Solana-based projects, OKX streamlines participation with real-time analytics and risk assessments.
Strategic Partnerships Fueling Web3 Adoption
OKX’s influence extends beyond product development. The company actively collaborates with global brands and athletes to drive awareness and normalize Web3 adoption. Notable partnerships include:
- Manchester City F.C. – English Premier League champions
- McLaren Formula 1 Team
- The Tribeca Festival
- Olympic snowboarder Scotty James
- F1 driver Daniel Ricciardo
These alliances reflect OKX’s broader vision: positioning blockchain not just as a financial tool, but as a cultural force reshaping entertainment, sports, and digital ownership.
👉 See how sports and entertainment are embracing blockchain technology.
Advancing the “System Rewrite” Vision
OKX recently launched a global brand campaign titled “The System Needs a Rewrite,” advocating for a shift toward self-managed digital identities and user-owned data. This philosophy aligns closely with the core principles of Web3—decentralization, transparency, and user sovereignty.
By investing in developer tools like X1 and accessible interfaces like Smart Account, OKX is helping lay the foundation for a more inclusive internet—one where individuals control their assets, identities, and online experiences.
Frequently Asked Questions (FAQ)
Q: What is Polygon Connect?
A: Polygon Connect is a global Web3 event series hosted by Polygon during India Blockchain Week. It brings together developers, founders, and enthusiasts to explore innovations within the Polygon ecosystem through live talks, hackathons, and networking.
Q: What is X1 by OKX?
A: X1 is a high-performance ZK Layer-2 network built on Ethereum using Polygon’s Chain Development Kit (CDK). It enhances scalability and security while reducing transaction costs—key components for mass blockchain adoption.
Q: Is OKX Wallet safe to use?
A: Yes. OKX Wallet uses MPC technology for secure key management and does not store user funds or private keys. Users retain full control over their assets at all times.
Q: Does OKX operate in India?
A: While regulatory frameworks are evolving, OKX provides educational resources and supports community engagement in India. Indian users can access non-custodial services like OKX Wallet and explore decentralized applications.
Q: What is account abstraction?
A: Account abstraction simplifies blockchain interactions by making wallet accounts programmable—similar to smart contracts. This enables features like gasless transactions, social recovery, and multi-signature controls.
Q: How can I start using OKX Web3 tools?
A: You can download the OKX app or visit the website to access OKX Wallet, DEX aggregator, NFT marketplace, and DeFi services—all in one integrated platform.
OKX continues to push boundaries in the Web3 space by combining cutting-edge engineering with user-first design. Its participation in Polygon Connect underscores a shared mission: accelerating the transition to a decentralized digital economy.
👉 Start exploring decentralized finance and NFTs with powerful Web3 tools today.