Polygon partners with Rariko to build the next blockchain-based Facebook and Twitter
- The Rariko platform powered by the Polygon network has great potential due to its compatibility with all EVM chains and Solana.
- The platform’s automated community has instant token-gated access with real-time asset authentication (RTAA) and anti-phishing checks.
The Polygon network (MATIC) continues to attract next-generation decentralized financial (DeFi) applications, especially those related to non-fungible tokens (NFT). According to the latest market data, the Polygon network boasts hundreds of DeFi apps with a total value locked (TVL) of approximately $1.18 billion. The Ethereum scaling solution has attracted top DeFi projects such as AAVE, Quickswap, Balancer and Uniswap V3.
Rariko chooses polygon to scale operations
Rariko, a next-generation wallet communication protocol built on 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 offer 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 expand its community.
In particular, the Rariko platform is still small, but with the increasing use of polygon and polygon-based projects and services, it can be expanded quickly. Also, there are many DeFi projects on the Polygon network that Rariko can interact with for scalability purposes.
π @Acknoledger partnership with @Rariko_info
π #Rariko is building the next generation wallet communication protocol and making it a fun and rewarding experience, powered by @0xPolygon
π½INFO pic.twitter.com/8MSVRduhtv
β π£ ππ¨π₯π²π π¨π§ ππ©πππ π£ (@Polygon_Space1) 9 February 2023
The Rariko protocol intends to build social interaction platforms that Twitter or Facebook, but bases its infrastructure on blockchain technology. Furthermore, the Rariko platform has great potential due to its compatibility with all EVM chains and the Solana network. In addition, the Rariko platform’s automated community has instant token-gated access with real-time asset authentication (RTAA) and anti-phishing checks.
With the Rariko platform, users can exchange NFTs through chats and get a chance to win activity-based rewards. The Rariko platform ensures that minimal users are not exposed to phishing scams, where users are 95 percent less likely to be targeted by a phishing link, as all links that will be shared by admins must be signed by their wallet.
As such, the Rariko protocol is expected to help integrate more Web3 users into the Polygon network which is already making huge inroads into global markets. Also, key Web2 companies have chosen Polygon to venture into the Web3 industry.
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Side notes
The cryptocurrency market is not yet fully adopted by mainstream users, as more regulations enter the market. Following the crypto-assisted rally in January, Polygon (MATIC) rallied roughly 50 percent over the past 30 days. With a market cap of around $11.5 billion, the Polygon network is well positioned to attract global developers to push the ecosystem forward.
Also, the Reddit partnership helped more than 6 million users to the Web3 industry. In addition, the Polygon network has recorded a total traded NFT volume of approximately $12.80 billion.
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