Overview

• Polygon (MATIC) network has partnered with Rariko to build the next blockchain-based Facebook and Twitter.
• The Rariko platform is powered by the Polygon network and is compatible with all EVM chains and Solana.
• AcknoLedger and Rariko have also announced a strategic partnership to provide seamless UX for NFT transfers.

The Polygon Network

The Polygon (MATIC) network continues to attract the next-gen decentralized financial applications (DeFi) particularly those related to non-fungible tokens (NFTs). According to recent market data, the Polygon network boasts of hundreds of DeFi apps with total value locked (TVL) at approximately $1.18 billion. Popular DeFi projects such as Aave, Quickswap, Balancer and Uniswap V3 are hosted on the Ethereum scaling solution.

Rariko & 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. Through this partnership, both companies will be able to leverage each other’s resources for scalability purposes. Furthermore, AcknoLedger will be able to easily engage and grow its community while Rariko will benefit from seamless token transfers through chats with users being rewarded for their activity.

Building Social Platforms On Blockchain Technology

The Rariko protocol intends to build social interaction platforms like Twitter or Facebook but bases its infrastructure on blockchain technology in order to overcome certain challenges faced by centralized systems such as censorship and privacy issues. In addition, users can exchange NFTs through chats on the platform which makes it even more attractive in comparison with traditional social media networks.

Conclusion

The collaboration between Rariko and AcknoLedger combined with the use of blockchain technology in powering social platforms provides an opportunity for developers to create a new generation of innovative digital applications that improve user experience when transferring digital assets securely across different networks.