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SUI rallies amid market downturn following partnership news

The native token of the Sui blockchain, SUI, has seen its prices surge over the past week amidst a broader cryptocurrency market downturn . SUI has risen 28% in the last 7 days and is currently trading around $0.5791. The rally was strengthened despite the market downturn on the heels of Sui’s Nov. 8th announcement revealing a strategic collaboration with Space and Time (SxT), a verifiable compute layer. Sui is a layer 1 blockchain created by former Facebook developers that launched its mainnet in May 2023. It aims to provide fast transactions, low fees, and highly scalable storage optimized for building decentralized applications (dApps) and games. The partnership with SxT will give Sui developers seamless access to off-chain data through SxT’s data warehouse. It also designates SxT as the preferred data repository for the Sui ecosystem. Additionally, Sui developers can leverage SxT’s suite of zero-knowledge proof-based tools to build secure, data-driven dApps ...

Polygon to help fight NFT scams with Web3 infra protocol partnership

Polygon partners with Wakwelli, a web3 infrastructure protocol that issues certificates of authenticity for non-fungible tokens to certify NFT originality. Wakweli, a web3 infrastructure protocol that issues certificates of authenticity for non-fungible tokens (NFT) has officially collaborated with Polygon, a blockchain platform that enables blockchain networks to connect and scale to make NFT authentication possible. The partnership between Polygon and Wakweli means that all digital assets on Polygon will be compatible with Wakweli's certification system. According to the announcement, every NFT project holder on the Polygon chain will also be able to request authenticity certificates for each of their assets. The collaboration generally aims at enhancing the security of the digital ecosystem. In response to the cost of the certificate authentication for users, Antoine Sarraute, Co-Founder of Wakweli, told Cointelegraph that staking WAKU — the utility token of Wakweli — is neces...