Polygon Joins Forces With WISeKey To Reinforce NFT Security and PrivacySeptember 1, 2021
Polygon, a full-stack Ethereum scaling solution, has joined forces with global cybersecurity company WISeKey to offer trusted NFT solutions to the masses in line with the launch of WISe.ART NFT platform.
Polygon claims to be the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc., and Standalone Chains like Polygon POS, designed for flexibility and independence.
Polygon has become the blockchain of choice for NFTs, NFT marketplaces, and blockchain games because of its ultra-low transaction fees and sustainable PoS consensus mechanism makes Polygon a more practical option for activities such as minting and trading NFTs. Polygon Studios, the Gaming and NFT arm of Polygon already works with most today’s top blockchain-based Web 3.0 games and NFT projects, including Decentraland, Opensea, Sandbox, Somnium Space, Decentral Games, and has 5x more gaming and NFT Dapps than any other chains outside of Ethereum main chain at around 300+ gaming and NFT Dapps.
WISeKey deploys large-scale digital identity ecosystems for people and objects using blockchain, AI, and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything.
The WISe.Art platform, which will be launched in September this year, will facilitate the trading of NFTs into WISeKey’s TrustECoin cryptocurrency, enabling market participants to stay anonymous while ensuring the necessary KYC processes to avoid unwanted activity on the marketplace. The venture aims to bring a new dimension of security and privacy for NFT holders while eliminating costly transaction fees — increasing both serviceability and safety in the NFT sector.
“We are thrilled to cooperate with Polygon to commercially launch our Trusted NFTs solution,” said Carlos Moreira, Founder and CEO of WISeKey. “WISe.Art is a fully-fledged marketplace with its own digital currency, has the ability to include curators and multipliers, white-labeling options, and special NFT designs. The NFT design of the WISe.Art platform ensures that besides an authenticated and signed version of the actual digital asset, it creates an irreversible link to the physical object, provides proof of ownership, provenance, and a set of contracts describing future use and monetization streams. The NFT platform is secured by WISeKey’s various security technologies enabling the authentication of physical objects as well as digital assets, in a safe end-to-end process.”
“We are delighted that WISeKey has selected Polygon for the commercial launch of their Trusted NFTs solution,” said Sandeep Nailwal, Co-Founder of Polygon. “Their high-value NFTs, designed to test the appetite of the art and collectible community requires someone like Polygon, whose ultra-low transaction fees and sustainable Proof-of-Stake (PoS) consensus mechanism are essential in meeting the demands of WISeKey’s high-volume marketplace.”
Source: Read Full Article