NFT certification protocol Wakweli announces collaboration with Polygon, representing a significant milestone in the development of the Web3 space.
Wakweli, a leading Web3 infrastructure protocol that offers certification of authenticity for non-fungible tokens (NFTs), has recently announced a significant collaboration with the Polygon blockchain platform. This collaboration will enable all digital assets on the Polygon network to be fully compatible with Wakweli’s sophisticated certification system, representing a significant milestone in the development of the NFT market. In addition, every holder of an NFT project on the chain will have the ability to submit a request for authenticity certifications for each of their assets.
Wakweli’s platform and application programming interface (API) will additionally render advanced use-case scenarios accessible to developers. These scenarios may include automatic certification requests following minting or access to more exact certification data. In addition, the project will offer support for developers and project holders, and it plans to work toward the creation of a digital ecosystem that is more secure through the collaborative efforts of all Polygon participants.
Creating More Trust in the Thriving Ecosystem
Wakweli is an NFT certification protocol that is built on a decentralized consensus algorithm called Proof of Democracy (PoD). In order to protect the rapidly expanding Web3 ecosystem from fraudulent activity, the infrastructure platform now produces certificates of authenticity for NFTs as well as other tokenized assets. Proof of Democracy is a one-of-a-kind consensus method that is utilized by Wakweli’s community-driven protocol.
Users are incentivized to examine certificate requests by employing this method, and certified assets are denoted with a green tick. When an asset is submitted to a marketplace, this sign is immediately placed next to it. This provides users with the assurance that the item in question is authentic. After enrolling a number of early backers, including venture capitalists and angel investors, the protocol was able to collect investment in the initial funding round in 2023 in the amount of $1.1 million before it was able to achieve a collaboration with Polygon.
Antoine Sarraute, Co-Founder of Wakweli, said: “Since 2021 when ETH fees skyrocketed, Polygon established itself as the go-to chain to mint assets and has performed extremely well ever since – it is now the home of incredible NFT projects. We built Wakweli to create a safer Web3 space across all chains, and today we are thrilled to collaborate with Polygon. This will enable Wakweli’s certification power to all Polygon users and unlock a definitive way to fight scam attempts, creating more trust in this thriving ecosystem.”
Offering New Opportunities for Innovation and Creativity
Polygon Labs is a company dedicated to the development of Ethereum scaling solutions for the Polygon network. Its main goal is to work collaboratively with other ecosystem developers to provide scalable, affordable, secure, and sustainable blockchain infrastructure for Web3 applications. One of the primary contributions of Polygon Labs to the ecosystem is the creation of a suite of protocols aimed at making it easy for developers to access major scaling solutions.
This suite includes several options, such as layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. The scaling solutions developed by Polygon Labs have been widely adopted, with tens of thousands of decentralized applications (dApps) utilizing them. These solutions have facilitated over 2.36 billion transactions, the creation of more than 1.12 million smart contracts, and the establishment of over 211 million unique addresses since the inception of the network.
Today, the Polygon network hosts some of the most significant Web3 projects, including Aave, Uniswap, and OpenSea, as well as well-known enterprises such as Robinhood, Stripe, and Adobe. The network’s popularity is due in part to its scalable, affordable, and secure infrastructure, which enables developers to create high-performance applications. Polygon Labs is committed to sustainability and is proud to be carbon neutral. The company aims to take a leadership role in the Web3 ecosystem by working towards becoming carbon negative.
This collaboration between Polygon and Wakweli will benefit both the developers and project holders on the Polygon blockchain. The Wakweli team will provide dedicated support to ensure a seamless integration process, while working towards a more secure and trustworthy digital ecosystem. The partnership is expected to fuel the growth of the NFT market, making it easier for developers and project holders to certify their digital assets and unlock new opportunities for innovation and creativity.