OpenSea adds measures to combat fake nft
The company will implement new measures to attack counterfeits of non-fungible tokens within its platform
The platform for buying and selling non-fungible tokens (NFT) OpenSea announced the implementation of new measures to prevent the appearance of counterfeits of these assets and control the verification of creators’ accounts.
At the beginning of the year, the company recognized that, after reviewing the comments of its users, more than 80% of the nft stored for free on the platform were plagiarized, counterfeit or spam creations or artistic works. As a result, the marketplace now seeks to shield itself from these fakes, as explained on its blog.
To this end, OpenSea announced the implementation of new measures that act on two different areas. One of them is updating the user account verification and badge collection system to expand the number of creators who are eligible to be verified. Another is the creation of an automated system to help prevent, identify and remove so-called copymints, copies of genuine NFTs.
Before updating the account verification process and badge collection system, OpenSea explains that its community has previously called it “opaque” as well as “slow and cumbersome.”
To begin with, the marketplace changed its system that, from now on, will send invitations to accounts with more than 100 ethers of collection volume to be eligible to be verified. The platform will also now allow verified accounts to request a specific badge if they have a “particularly interesting” or high-selling collection to distinguish themselves from the rest.
Source: dpa
