Polygon to help fight NFT scams with Web3 infra protocol partnership

Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for nonfungible tokensย (NFT), has officially partnered with layer-2 scaling platform Polygon to make NFT authentication possible.

The partnershipย between Polygon and Wakweli means all digital assets on Polygon will be compatible withย Wakweliโ€™s certification system. According to the announcement, every NFT project holder on the Polygon chain can request authenticity certificates for each asset. The collaboration generally aims to enhance 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 โ€” Wakweliโ€™s utility token โ€” is necessary to create a certificate request. The amount to stake in a request is dependent on and linked to the level of trust needed for each case.

The partnershipย agreement negotiationsย between the two companies began in August 2022, with the final details of the agreement concludedย this March.

Wakweliโ€™s testnet will be available in April and can be used with Polygonโ€™s Mumbai testnet. Alpha testing with Polygonโ€™s mainnet will begin in Q2 2023, with 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 fightย these scam attempts, thereby creating more trust in the thriving ecosystem, Sarraute explained.ย 

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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.

In the past month, the Polygon Foundation has also collaborated with the South Korean multinational conglomerate Lotte Group to showcase the companyโ€™s NFT projects.

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.ย 

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