• From Bloomberg, a story about how "Walmart-backed Flipkart India Pvt. launched an in-house innovation arm called Flipkart Labs to explore ways to expand onto the metaverse.
"Through the innovation arm, the Bengaluru-based e-commerce marketplace aims to test nonfungible tokens, or NFTs, virtual immersive storefronts and play-to-earn, according to a company statement Thursday. One of the first areas of focus for Flipkart Labs is to collaborate with the web3 community and set the standard for commerce in the metaverse."
The story notes that "Flipkart caters to over 400 million users," and that Walmart bought a controlling stake in the company in 2018 for $16 billion.