Tuesday, 5 November 2024
Trending
CryptoNFTsWeb 3.0

Polygon will Work with Web3 Infra Technology to Combat NFT Scams

A web3 infrastructure protocol called Wakweli issues non-fungible tokens with certifications of validity. To make all digital assets compatible with Wakweli’s certificate system, Polygon, and Wakweli will work together.

The statement says Polygon will enable each NFT project holder on its chain to request authenticity certificates. The goal of this partnership is to increase the digital ecosystem’s security.

Polygon with Web3 Technology

In response to the high cost of certificate authentication for users, Wakweli’s co-founder Antoine Sarraute explained that staking WAKU has a necessary requirement for making a certificate request.

The amount you should bet will depend on the degree of trust required in each situation. The companies started talking about forming a partnership in August 2022, and the final agreements were made in March.

  • Wakweli issues non-fungible tokens with certifications of validity.
  • The goal of this partnership is to increase the digital ecosystem’s security.
  • The Alpha testing for Polygon’s main net compatibility will start in Q2 2023.

In addition to Polygon’s Mumbai testnet, Wakweli’s test net will be made available in April. The Alpha testing for Polygon’s main net compatibility will start in Q2 2023. The availability of general main net compatibility is anticipated for Q3 2023.

According to Sarraute, the organizations’ collaboration offers a way to identify fake NFTs and has increased confidence in the ecosystem.

The Wakweli platform offers sophisticated use cases to developers. They will be able to get more comprehensive certification information via API access or automatically generate certification requests when issuing certificates.

Lotte Group, a South Korean multinational corporation, has collaborated with the Polygon Foundation, which is in charge of the Ethereum layer-2 scaling network Polygon, to highlight the company‘s NFT-related efforts over the previous month.

Through collaborations with well-known companies like Adidas and Starbucks, Polygon, an Ethereum scaling solution, has experienced tremendous adoption. The use of cryptocurrencies has grown as a result of this.

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