Wakweli Brings NFT Verification to Polygon Blockchain

Image: Wakweli

The decentralized NFT certification protocol Wakweli collaborates with Polygon Labs to issue certificates for non-fungible tokens (NFTs) on the Polygon blockchain.

Wakweli, a Web 3 certification protocol for NFTs that issues certificates of authenticity, is now collaborating with Polygon Labs, the leading development team on the Polygon blockchain, to bring certification to NFTs hosted on the blockchain. According to the team statement released this Wednesday, the collaboration allows every authentic digital asset to be verified by the Wakweli protocol.

Speaking on the latest partnership, Antoine Sarraute, Co-Founder of Wakweli, praised the efficiency and cost-effectiveness of Polygon as a layer 2 chain and aims to capture the Polygon NFT market as he did the Ethereum NFT market.

“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,” he said.

Following the collaboration, all tokenized assets and NFTs on Polygon will be compatible with Wakweli’s certification system and will have a green checkmark beside them after verification. Additionally, every NFT project holder on the chain will also be able to request authenticity certificates for each of their assets.

Wakweli (Swahili for ‘Truthsayers’)is currently incubated by EverdreamSoft having been in operation since 2015. The protocol uses a ‘unique’ consensus mechanism, the proof-of-democracy (PoD), to authenticate and verify NFTs on every blockchain. Simply, Wakweli’s community is incentivized to review certificate reports and requests via a consensus with fair behaviours rewarded and malicious members punished to retain trust across the process. This is to promote the security and authenticity of assets.

Once verified, the certified assets carry a green tick beside them when appearing on official marketplaces such as Opensea, which confirms their authenticity and helps promote the confidence and trust of the potential buyers. Sarraute believes the latest collaboration with Polygon, the second-largest NFT blockchain after Ethereum, will promote authenticity across the Web 3 tokenization economy.

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Author: CryptoDaily

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