Polygon Collaborates With Wakweli To Combat NFT Scams
Wakweli, an infrastructure protocol for Web3 that provides certificates of authenticity for NFTs, has announced its official partnership with Polygon, a layer-2 scaling platform, to enable NFT authentication.
Polygon To Integrate Its Assets With Wakweli’s Certification System
The collaboration between Polygon and Wakweli implies that all digital assets on Polygon can integrate with the firm’s certification system. Per the announcement, NFT project holders on the Polygon chain can ask for authenticity certificates for their assets.
The overall objective of this partnership is to bolster the digital ecosystem’s general security. When asked about the cost of certificate authentication, Antoine Sarraute, Wakweli co-founder, stated that staking WAKU, the platform’s utility token, is a prerequisite for creating a certificate request.
The amount required for staking in each request is proportional to the level of trust needed for that particular case. Meanwhile, the discussions for the partnership agreement between the two companies commenced last August, with the final terms of the agreement settled earlier this month.
Meanwhile, Wakweli’s testnet will be accessible in April, and users can use the testnet alongside Polygon’s Mumbai testnet. The alpha testing phase with Polygon’s mainnet is scheduled to commence in Q2 of 2023, while the general mainnet compatibility is anticipated to be ready by Q3 of 2023.
Furthermore, Sarraute explained that the collaboration between the two companies had introduced a means of identifying fake NFTs, presenting a conclusive approach to combating fraudulent activities.
This move would instill more confidence in the NFT ecosystem. Developers will have access to advanced use cases through the Wakweli platform and its application programming interface. These scenarios include the automatic generation of certification requests during minting and accessing more comprehensive certification information.
Polygon’s Rapid Expansion And Adoption
Meanwhile, Polygon has experienced fast growth due to its collaborations with prominent brands like Adidas and Starbucks. These partnerships have resulted in heightened adoption.
Arjun Kalsy, Polygon’s former Vice President of Growth, revealed in a recent podcast interview that Polygon’s strategic partnerships with influential brands contributed massively to the protocol’s fast adoption rate. Until he departed from Polygon in the latter part of last year, Kalsy led a crew responsible for onboarding companies to facilitate the network’s adoption.
Kalsy added that interacting with brands interested in transitioning from Web2 to Web3 or incorporating decentralized elements into their platforms was a pleasant experience. He said the onboarding process involved numerous technical discussions, where major brands evaluated the Polygon network and its functionalities.
These brands regarded integrating other technologies as a significant undertaking. Kalsy stated that after the initial group of influential brands announced their collaborations with Polygon, it opened up more opportunities for other notable brands to do likewise.
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