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NFT Authentication Protocol Wakwelli Announces Cooperation Agreement with Polygon

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According to reports, the NFT authentication protocol Wakwelli announced that it had signed a cooperation agreement with Polygon to ensure that all digital assets on the network we

NFT Authentication Protocol Wakwelli Announces Cooperation Agreement with Polygon

According to reports, the NFT authentication protocol Wakwelli announced that it had signed a cooperation agreement with Polygon to ensure that all digital assets on the network were compatible with the authentication system developed by Wakwelli. This partnership requires all NFT project holders on the chain to be able to apply for authenticity certificates for each asset, which will enable Wakwelli to authenticate all Polygon users, automatically submitting authentication requests when NFT casts or accesses more accurate authentication data, thereby effectively combating fraud. （crypto-news-flash）

NFT Certification Agreement Wakwelli and Polygon enter into a partnership to provide asset authenticity certificates

In the rapidly growing world of non-fungible tokens (NFTs), one of the biggest concerns is ensuring the authenticity of digital assets. That’s where NFT authentication protocols like Wakwelli come in. According to recent reports, Wakwelli has signed a cooperation agreement with Polygon to ensure that all digital assets on the network are compatible with Wakwelli’s authentication protocol.

What is Wakwelli?

Before we dive into the partnership between Wakwelli and Polygon, it’s important to understand what Wakwelli is and what it does. Wakwelli is an NFT authentication protocol that uses advanced encryption technology to verify the authenticity of digital assets. It works by assigning a unique digital fingerprint to each NFT, which can then be used to verify its authenticity. This means that buyers can be sure that they are purchasing genuine NFTs and not counterfeit copies.

What is Polygon?

Polygon is a popular blockchain network that is known for its fast and low-cost transactions. It was previously known as Matic Network, and it has gained a lot of attention in recent months as interest in blockchain and cryptocurrency continues to grow. Polygon is a popular choice for NFT creators because of its fast transaction times and low fees.

Partnership between Wakwelli and Polygon

The partnership between Wakwelli and Polygon is significant because it will help to ensure the authenticity of NFTs created on the Polygon network. All NFT project holders on the chain will be able to apply for authenticity certificates for each asset. This will enable Wakwelli to authenticate all Polygon users, automatically submitting authentication requests when NFT casts or accesses more accurate authentication data.

Combating Fraud in the NFT Market

One of the biggest concerns in the NFT market is fraud. With so much money at stake, there is always the risk that counterfeit NFTs will be sold to unwitting buyers. The partnership between Wakwelli and Polygon will help to combat this problem by providing a secure and reliable authentication system.

Conclusion

The cooperation agreement between Wakwelli and Polygon is an important development in the world of NFTs. The partnership will help to ensure the authenticity of digital assets on the Polygon network and combat fraud in the NFT market. With more and more people becoming interested in NFTs, it’s essential to have systems in place to prevent fraud and protect buyers.

FAQs

1. How does Wakwelli authenticate NFTs?
Wakwelli uses advanced encryption technology to assign a unique digital fingerprint to each NFT, which can then be used to verify its authenticity.
2. Why is authentication important in the NFT market?
Authentication is important in the NFT market to prevent fraud and protect buyers. With so much money at stake, there is always the risk that counterfeit NFTs will be sold to unwitting buyers.
3. What is Polygon?
Polygon is a popular blockchain network that is known for its fast and low-cost transactions. It is a popular choice for NFT creators because of its fast transaction times and low fees.

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