Polygon and Rariko to Build Blockchain-Based Social Platforms – Report

• Polygon (MATIC) network has a total value locked (TVL) of approximately $1.18 billion, attracting top DeFi projects like AAVE, Quickswap, Balancer, and Uniswap V3.
• 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.
• The Rariko platform intends to build social interaction platforms like Twitter or Facebook but based on blockchain technology.

Polygon Network’s Total Value Locked

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 and AcknoLedger Partnership

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 rapidly.

Rariko Platform Potential

The Rariko platform has huge potential due to its compatibility with all EVM chains and Solana networks. Moreover there are plenty of DeFi projects on the Polygon network for Rariko to interact with for scalability purposes. Additionally ,the Rariko platform’s automated communities have instant token-gated access with real-time asset authentication (RTAA) and Anti -Phishing checks .

Building Social Interaction Platforms

The Rariko protocol intends to build social interaction platforms like Twitter or Facebook but bases its infrastructure on blockchain technology .This would enable users to exchange NFTs through chats as well as get rewards from activity-based tasks .

Conclusion

With its growing adoption within scalable networks such asPolygon(MATIC) ,and partnerships such asAcknoledger ,theRarioplatformhas great potentialto revolutionize social media platforms allowing users tobenefit fromactivity based rewards while exchanging NFTs securely .