- Wakweli and Polygon have partnered to enhance NFT authenticity by providing a certification system for all digital assets on the Polygon blockchain.
- Certified assets carry a green tick, automatically displayed next to assets in marketplaces, assuring users that the item is genuine.
- Wakweli’s community-powered protocol uses a unique consensus method called Proof-of-Democracy (PoD) to incentivize users to review certificate requests.
Wakweli, the blockchain-based infrastructure protocol that issues certificates of authenticity for Non-Fungible Tokens (NFTs), has announced a partnership with Polygon (MATIC), the Ethereum (ETH) layer two scaling solution.
With this collaboration, Wakweli’s certification system will be available to all digital assets on the Polygon blockchain. NFT project holders on the platform can request authenticity certificates for each asset, and developers can access advanced use-case scenarios through the Wakweli platform and application programming interface (API).
Wakweli’s community-powered protocol uses a unique consensus method known as Proof-of-Democracy (PoD) to incentivize users to review certificate requests. All certified assets carry a green tick, automatically displayed next to assets when they appear in marketplaces, assuring users that the item is genuine. This system enables the creation of a more secure digital ecosystem, protecting against scams and increasing trust in the thriving NFT ecosystem.
Polygon has established itself as the go-to chain to mint assets since Ethereum fees skyrocketed in 2021, making it an attractive platform for NFT projects. Antoine Sarraute, Co-Founder of Wakweli, said: “This will enable Wakweli’s certification power to all Polygon users and unlock a definitive way to fight scams attempts, creating more trust in this thriving ecosystem.”
Before securing its collaboration with Polygon, Wakweli secured $1.1 million in funding after onboarding several early backers, including VCs and angel investors. The platform’s collaboration with Polygon is a significant step towards establishing a safer web3 space across all chains.
The announcement comes amid growing concerns over the authenticity of NFTs, with several high-profile cases of fraud and plagiarism reported in recent months. The increasing demand for NFTs has made it imperative to establish a system for verifying the authenticity of these assets, and the collaboration between Wakweli and Polygon is a positive step in this direction.
The Wakweli-Polygon collaboration is expected to benefit both the platforms and their users, enabling developers to access more precise certification data and project holders to certify the authenticity of their assets. With the NFT market set to grow in the coming years, establishing a secure and trustworthy ecosystem is crucial; this partnership is a significant step toward achieving this goal.