Polygon to help fight NFT scams with Web3 infra protocol partnership
Wakweli, a web3 infrastructure protocol that issues certificates of authenticity for non-fungible tokens (NFT) has officially collaborated with Polygon, a blockchain platform that enables blockchain networks to connect and scale to make NFT authentication possible.
The partnership between Polygon and Wakweli means that all digital assets on Polygon will be compatible with Wakweli’s certification system. According to the announcement, every NFT project holder on the Polygon chain will also be able to request authenticity certificates for each of their assets. The collaboration generally aims at enhancing the security of the digital ecosystem.
In response to the cost of the certificate authentication for users, Antoine Sarraute, Co-Founder of Wakweli, told Cointelegraph that staking WAKU — the utility token of Wakweli — is necessary to create a certificate request. The amount to stake in a request is dependent and linked to the level of trust needed for each case.
The partnership agreement negotiations between the two companies began in August 2022 and the final details of the agreement were concluded this March.
Wakweli’s testnet will be available in April and can be used with Polygon’s Mumbai testnet. Alpha testing with Polygon’s mainnet will begin in Q2 2023, and the general mainnet compatibility is 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, Sarraute explained.
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The Wakweli platform and API will offer developers access to advanced use-case scenarios, including the automatic generation of certification requests when minting or accessing more detailed certification information.
In the past month, Polygon Foundation, which is responsible for the Ethereum layer-2 scaling network Polygon, has collaborated with the South Korean multinational conglomerate Lotte Group to showcase the company’s NFT projects
Polygon, a scaling solution for Ethereum, has gained significant traction through partnerships with major brands such as Starbucks and Adidas, leading to increased adoption of the network among cryptocurrency users
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