• 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.

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 Choses Polygon to Scale Operations

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 the increasing adoption of Polygon and polygon-based projects and services, it can expand on a fast spree. Moreover, there are plenty of DeFi projects on the Polygon network for Rariko to interact with for scalability purposes.

The Rariko protocol intends to build social interaction platforms like Twitter or Facebook but bases its infrastructure on blockchain technology. Furthermore, the Rariko platform has huge potential due to its compatibility with all EVM chains and the Solana network. Additionally, the Rariko platform’s automated communities have 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 minimal users are not exposed to phishing scams, whereby users are 95 percent less likely to get targeted by a phishing link as all the links that would be shared by admins will have to be signed by their wallets.

As such, the Rariko protocol is expected to help in onboarding more Web3 users to the Polygon network that is already making a tremendous entrance in global markets. Moreover, key Web2 companies have chosen Polygon to venture into the Web3 industry.

Side Notes

The cryptocurrency market is yet to be fully adopted by mainstream users, as more regulations enter the market. Following the January crypto relief rally, Polygon (MATIC) gained approximately 50 percent in the last 30 days. With a market capitalization of around $11.5 billion, the Polygon network is well poised to attract global developers to push the ecosystem forward. 

Moreover, the Reddit partnership helped onboard more than 6 million users to the Web3 industry. Additionally, the Polygon network has recorded a total traded NFT volume of approximately $12.80 billion.