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Wakweli
Wakweli is a decentralized protocol that uses a Proof-of-Democracy (PoD) consensus mechanism to verify and certify the authenticity of digital information, such as NFTs and social media profiles. It operates on the Base Layer-2 blockchain, rewarding participants with $WAKU tokens. A Chrome extension provides real-time certification statuses to help users identify legitimate assets.
Distributed
Description
Wakweli is a decentralized protocol designed to restore trust in the digital ecosystem by verifying and certifying the authenticity of digital information. Leveraging its innovative Proof-of-Democracy (PoD) consensus mechanism, Wakweli enables a collaborative, community-driven approach to certifying assets such as NFTs, social media profiles, and other digital data. This protocol empowers participants—including requesters, certifiers, electors, and challengers—to work collectively, ensuring transparency and rewarding them with $WAKU tokens for their contributions. The protocol operates on a scalable EVM Layer-2 blockchain (Base), supported by Ethereum for token supply, ensuring high performance, efficiency, and decentralization. Verification is made seamless through the Wakweli Chrome Extension, which provides real-time certification statuses for NFTs and social media accounts. Wakweli operates sustainably through a revenue-sharing model, allocating 3% of staked amounts from each certificate to its treasury for continued development. With a mission to create a safer, fraud-free digital environment, Wakweli combines cutting-edge blockchain technology, token-based incentives, and community collaboration to authenticate digital information. Its use cases span across numerous sectors such as tokenized carbon credits, NFT marketplaces, art, ticketing, gaming, real estate, and financial assets.Grant Funding
VC Funding
None
2023
$0
$1.1M