Polygon to assist in fighting NFT scams after a strategic partnership with Wakweli
Wakweli, a web3 infrastructure protocol issuing certificates of authenticity for non-fungible tokens (NFTs), has partnered with Polygon to help with NFT authentication.
Polygon partners with Wakweli
Polygon, a layer-2 scaling platform, has partnered with Wakweli to bring about NFT authentication, enhancing the digital ecosystem’s security.
The partnership means that all Polygon digital assets will be compatible with the Wakweli certification system. The announcement also stipulates that each NFT project holder on Polygon can use the system to certify each asset.
In response to the certification cost, Antoine Sarraute, co-founder of Wakweli, mentioned that staking WAKU, the Wakweli utility token, will be used to create a certificate request. The users will stake the amount in a request depending on the trust needed for each case.
The partnership negotiations began in August 2022 and were finalized this March. However, the Wakweli testnet will kick off in April, and users can use it with Polygon’s Mumbai testnet. Further, the Alpha testing on the network will start in the first quarter of 2023, while the general mainnet compatibility will come around in Q3 2023.
Sarraute added that the partnership would unlock a definitive way of fighting scam attempts, bringing about enhanced trust in the ecosystem. Meanwhile, developers will now access advanced use case scenarios such as automatic certification information generation through the Wakweli platform and application programming interface.
Polygon is gaining traction
Polygon has gained significant traction as the leading scaling network for Ethereum, closing partnerships with major brands such as Adidas and Starbucks. The NFT space on Polygon recently witnessed a significant pump, probably due to the recent integration of the y00ts NFT collection and the upcoming zkEVM update.