• Polygon (MATIC) network is a scaling solution for Ethereum and hosts hundreds of DeFi apps with a total value locked (TVL) of approximately $1.18 billion.
• Rariko, a next-generation wallet communication protocol built on the Polygon network has announced a partnership with AcknoLedger to provide seamless UX for NFT transfers.
• Rariko is building social interaction platforms like Facebook and Twitter but based on blockchain technology.
Polygon Network Attracts Decentralized Finance Applications
The Polygon (MATIC) network is an Ethereum scaling solution that 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 top DeFi projects using the Polygon network include AAVE, Quickswap, Balancer, and Uniswap V3.
Rariko Partners With AcknoLedger
Rariko, a next-generation wallet communication protocol powered by the Polygon network has announced a strategic partnership with AcknoLedger, a global consortium that maps, monetizes and distributes Web3 digital assets. The partnership between AcknoLedger and Rariko will allow the former to easily engage with and grow their community while providing users with seamless UX for NFT transfers from their wallets. Additionally, Rariko’s compatibility with all EVM chains as well as Solana enable automated communities token gated access in real time asset authentication (RTAA) and anti-phishing checks.
Building Blockchain Based Social Networks
The Rariko platform intends to build social interaction platforms like Facebook or Twitter but based on blockchain technology instead of centralized server infrastructure as seen in traditional social media networks like Facebook or Twitter.. This move will open up plenty of use cases such as digital identity management through KYC/AML compliance protocols as well as allowing users to earn rewards through activity-based programs hosted by the platform itself.
Advantages Of The Platform
Alongside its compatibility with EVM chains and Solana networks which enables token gated access in RTAA protocols, there are numerous advantages associated with this revolutionary blockchain based social media platform:
• Instantaneous microtransactions enabled by cryptocurrency payments
• Reduced friction due to smart contracts running on blockchain
• More secure user data protection due to private keys authentication
With its strategic partnerships with top companies such as AcknoLedger along with its advantages over traditional centralized networks such as lower fees for microtransactions etc., it is safe to say that Rariko’s blockchain based social media platform has huge potential when it comes to bringing revolutionizing changes in how we interact online today!