Wakweli and Polygon Partner for NFT Authentication
In a bid to enhance the security of the digital ecosystem, Web3 infrastructure protocol Wakweli has partnered with layer-2 scaling platform Polygon to offer certification of authenticity for non-fungible tokens (NFTs). The partnership means that every NFT project holder on the Polygon chain can request authenticity certificates for each asset.
Negotiations for the partnership agreement began in August 2022, with the final details of the agreement concluded this March. Wakweli's testnet will be available in April, which can be used with Polygon's Mumbai testnet. Alpha testing with Polygon's mainnet will begin in Q2 2023, with general mainnet compatibility expected to be ready by Q3 2023.
By providing a medium for detecting counterfeit NFTs, the partnership between the two companies has unlocked a definitive way to fight these scam attempts, thereby creating more trust in the thriving ecosystem. The Wakweli platform and application programming interface will offer developers access to advanced use case scenarios, including automatically generating certification requests when minting or accessing more detailed certification information.
Wakweli's certification system provides an innovative solution to the ongoing problem of counterfeit NFTs, which has plagued the NFT market since its inception. The certification system will help to ensure that NFTs are authentic, thereby promoting transparency and trust in the digital asset market.
Polygon has gained significant traction through partnerships with major brands such as Starbucks and Adidas, leading to increased adoption of the network among cryptocurrency users. The collaboration with Wakweli is expected to further strengthen Polygon's position in the market by offering an additional layer of security and authenticity to the digital assets on its platform.
In the past month, the Polygon Foundation has also collaborated with the South Korean multinational conglomerate Lotte Group to showcase the company's NFT projects. This collaboration highlights the growing interest in NFTs and their potential applications across different industries.
Overall, the partnership between Wakweli and Polygon represents a significant step forward in enhancing the security and trustworthiness of the digital asset market. As the adoption of NFTs continues to grow, the need for robust certification and authentication systems will become increasingly important. The collaboration between Wakweli and Polygon is a promising development in this direction, and it is expected to have a positive impact on the overall growth and sustainability of the digital asset market.