The Wakweli certification platform has partnered with the Polygon blockchain to certify NFTs and tokenized assets. This collaboration is part of Wakweli's efforts to enhance development and establish partnerships, following the recent raise of $1.1 million in capital funding.
Wakweli, a certification protocol for Web 3 tokenized assets and non-fungible tokens (NFTs), has announced a partnership with Polygon Labs, the leading developer of Ethereum scaling solutions for Polygon protocols, to introduce NFT certification and verification on the Polygon blockchain. The collaboration aims to enhance the authenticity and trust of Polygon by enabling the verification and certification of all tokenized assets on the platform. Moreover, creators and owners of NFTs on Polygon will be able to request authenticity certificates for each of their assets, according to a joint statement by the two teams.
Wakweli has been working on developing certification solutions for the Web 3 ecosystem since its launch in 2015. Its protocol relies on a decentralized consensus algorithm, proof-of-democracy (PoD), which relies on the community to verify and authenticate NFTs. The platform issues certificates of authenticity for NFTs and other tokenized assets, which helps combat fraud in the growing Web 3 ecosystem.
To take advantage of the recent developments in the Polygon NFT ecosystem, Wakweli has partnered with Polygon to bring the certification of tokenized assets on the blockchain. With this collaboration, the joint team aims to bring authenticity and trust to Polygon, enabling the verification and certification of all tokenized assets on the blockchain. NFT creators and owners on the Polygon blockchain will be able to request authenticity certificates for each of their assets, according to the joint team statement.
“Polygon established itself as the go-to chain to mint assets since 2021 when ETH fees skyrocketed and has performed extremely well ever since. It is now home to incredible NFT projects,” commented Antoine Sarraute, Co-Founder of Wakweli.
Furthermore, Wakweli's platform and APIs offer advanced use cases, including automatic certification requests upon minting or accessing more precise certification data, to NFT creators and developers. The Wakweli team is committed to providing additional support to these individuals as they strive to revolutionize the wider NFT ecosystem and marketplaces while enhancing their platforms' security.
“Our goal is to create a safer Web3 space across all chains, and we are excited to collaborate with Polygon,” Sarraute stated. “This will enable Wakweli's certification power to all Polygon users, providing a definitive way to fight scam attempts and building more trust in this thriving ecosystem.”
To receive verification and authentication, NFT developers and project holders must submit a certification request. Once community verification is complete via the PoD consensus algorithm, a green tick mark appears next to the NFT, providing an easily distinguishable symbol on marketplaces that increases buyers' trust and confidence.
This latest collaboration is a continuation of Wakweli's development progress following its recent $1.1 million capital funding raise, which included several top crypto VCs and was led by Summit, an Ireland-incorporated cryptocurrency and blockchain firm.
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