• Polygon (MATIC) network is a scaling solution that has attracted top DeFi projects like AAVE, Quickswap, Balancer, and Uniswap V3 and has approximately $1.18 billion in total value locked (TVL).
• Rariko, a next-generation wallet communication protocol built on the Polygon network, has announced a strategic partnership with AcknoLedger to provide seamless UX for NFT transfers.
• The Rariko protocol intends to build social interaction platforms like Twitter or Facebook but bases its infrastructure on blockchain technology.
Polygon Network Attracts Top DeFi Projects
The Polygon (MATIC) network continues to attract the next-gen decentralized financial applications (DeFi), particularly those related to non-fungible tokens (NFTs). According to the latest market data, the Polygon network takes pride in hundreds of DeFi apps with a total value locked (TVL) of approximately $1.18 billion. The Ethereum scaling solution has attracted top DeFi projects like AAVE, Quickswap, Balancer, and Uniswap V3.
Rariko Partners With AcknoLedger
Rariko, a next-generation wallet communication protocol built on the Polygon network, has announced a strategic partnership with AcknoLedger, a global consortium that maps, monetizes, and distributes Web3 digital assets. The partnership with AcknoLedger will enable Rariko to provide a seamless UX for NFT transfers. On the other hand, the partnership between AcknoLedger and Rariko will allow the former to easily engage with and grow their community. Notably, the Rariko platform is still small but with increasing adoption of Polygon and polygon-based projects and services it can expand quickly.
Rariko Platform Has Unique Features
The Rariko platform powered by the Polygon network has huge potential due to its compatibility with all EVM chains and Solana. The platform’s automated communities have instant token-gated access with real-time asset authentication (RTAA) and Anti- Phishing checks. Moreover there are plenty of DeFi projects on the Polygon network for Rariko to interact with for scalability purposes .
Building A Blockchain Based Social Interaction Platform
The Rariko protocol intends to build social interaction platforms like Twitter or Facebook but bases its infrastructure on blockchain technology. This would offer users multiple benefits such as end-to-end encrypted messages along with complete control over their data which could be stored securely in wallets instead of central servers controlled by large corporations such as Twitter & Facebook .
In conclusion , this partnership between Rariko & Acknoledger provide an excellent opportunity for both companies while leveraging off of each other’s strengths . This will help create more efficient , secure & user friendly products/services that leverage blockchain technology at their core . Additionally , this also provides more opportunities for others in terms of expanding upon existing products/services or creating new ones using these two companies‘ collaboration as an example .