Wakweli, a company that provides infrastructure services for Web 3.0, has signed a strategic collaboration agreement with Polygon, a layer-2 protocol that is based on Ethereum.
Wakweli will expand its Non-Fungible Token (NFT) certification system to Polygon for the benefit of all applications based on the protocol, according to the terms of the agreement contained in a Press Release (1).
Wakweli is gaining traction as an indispensable organization that contributes to the restoration of trust in the realm of digital collectibles.
In order to combat fraud and generally contribute to the expansion and development of the Web 3.0 ecosystem as a whole, the core business model of the startup comprises the issuance of Certificates of Authenticity for NFTs as well as other tokenized assets.
Wakweli will be able to extend its sphere of influence and greatly diversify its ecosystem as a result of its cooperation with Polygon.
“Since 2021, when ETH fees soared, Polygon proved itself as the go-to chain to mint investments and has done exceptionally well since then – it is now the abode of incredible NFT projects,” said Antoine Sarraute, Co-Founder of Wakweli.
He continued by saying that the team
“..built Wakweli to establish a more secure web3 space throughout all chains, and presently we are delighted to partner up with Polygon.”
This would make Wakweli’s certification power available to all Polygon users and unlock a concrete approach to combat attempts to defraud users, resulting in increased trust within this vibrant ecosystem.
Authentication for each of a project’s assets can be requested through Wakweli if the project in question uses tokenized assets hosted on Polygon.
In comparison to Ethereum, Polygon’s ecosystem is more scalable, more sustainable, and has lower costs; thus, it is becoming an increasingly important center for the trading of digital valuables.
A wide range of mainstream companies is currently adopting Polygon, the most notable of which is the American coffeehouse chain Starbucks Corporation. This is due to Polygon’s strong technological potential.
Wakweli will be in a position to validate the validity of these assets for consumers as a result of an extended engagement that was carried out between the two companies. Starbucks built its Odyssey NFT project on Polygon.
Wakweli Will Provide Improved Examples of Its Usage
Wakweli is certain to offer various sophisticated utilities or use cases in addition to its basic services. These utilities and use cases have the potential to provide additional value to all Polygon users that use its solution.
For instance, project owners are able to have access to the Wakweli Application Programming Interface (API) and request automated certification requests for NFTs at the same time collectors mint them.
Because there would be no place for cybercriminals to construct a fake version of the assets, the security of these collectibles will be improved as a result of the automatic certification that will be implemented.
Wakweli also mentioned that it would be available to collaborate with developers to produce a customized solution if the developers have a particular certification feature that they want to include in their projects.
In addition, as a result of the agreement with Polygon, users will be able to make use of the incentive that Wakweli provides to its users whenever such users ask for certificate reviews.
This functionality is made possible by the one-of-a-kind Proof-of-Democracy (PoD), which in general, helps to contribute to the validity of the protocol when it comes to marketing.
Wakweli is an infrastructure provider for the next generation that has a significant investment in the venture capital industry.