NFT

Polygon Taps Wakweli To Enhance NFT Authenticity By Web3 Infrastructure

Key Points:

Wakweli has announced an official partnership with the Polygon blockchain platform.
This agreement assures that all digital assets on Polygon are compatible with Wakweli’s certification system.
Wakweli’s platform and API will also provide developers with enhanced use case scenarios.

Wakweli, a Web3 infrastructure protocol that specializes in generating authentication certificates for non-fungible tokens (NFTs), has announced an official partnership with the Polygon blockchain platform.

Wakweli’s certification mechanism will now be accessible to all digital assets on the Polygon blockchain as a result of this agreement. Platform NFT project holders may seek authenticity certifications for each item, and developers can access sophisticated use-case scenarios through the Wakweli platform and application programming interface (API).

Additionally, the initiative intends to provide assistance to developers and project holders while collaborating with Polygon to create a more secure digital environment.

Wakweli’s community-powered protocol incentivizes users to examine certificate requests by using a novel consensus approach known as Proof-of-Democracy (PoD).

All certified assets get a green tick next to them when they appear in marketplaces, ensuring customers that the item is legitimate. This technology supports the development of a more secure digital economy, preventing fraud and enhancing confidence in the booming NFT ecosystem.

Wakweli received $1.1 million in investment from early donors, including venture capitalists and angel investors, prior to collaborating with Polygon. The partnership of the platform with Polygon is an important step toward developing a safer web3 area across all chains.

The news comes as there are rising doubts about the legitimacy of NFTs, with many high-profile incidents of fraud and plagiarism exposed in recent months. The growing demand for NFTs has necessitated the development of a mechanism for confirming the legitimacy of these assets, and the partnership between Wakweli and Polygon is a step in the right direction.

The Wakweli-Polygon cooperation is anticipated to help both platforms and users by providing developers with more exact certification data and project holders with the ability to validate the authenticity of their assets.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.