OpenSea’s non-fungible token (JNF) buying and selling platform on Thursday released new measures to detect fraudulent digital acts on its site.
The company estimated in January 2022 that more than 80% of digital works created for free on the platform are fraud, plagiarism or counterfeit collections.
But now the platform wants to limit this plague with a system that will take care of detecting fake JNFs and checking the accounts that put them on sale.
Among the changes announced for users is the removal of fake copies (copymints) from JNF, using an automated image recognition system. It will permanently review all collections published to OpenSea.
The system compares [les images] in a range of real collections, starting with the most copied collections-we look for inversions, rotations and other permutationssaid Anne Fauvre-Willis of OpenSea in a blog post.
The spotted irregularities turn into removal recommendations, which are then sent to a team of people responsible for reviewing them.
” We are focused on finding the right balance between removing copies and allowing edits to progress (remix) which makes a significant contribution. “
The company said it has already been able to detect fake JNFs using its technology, which it plans to expand in the coming weeks.
Verified accounts
Accounts with a volume of at least 100 ethereum (approximately C $ 267,000)-a cryptocurrency-on OpenSea can now get badges, which serve as labels to identify particularly popular JNF collections. These accounts need to be verified by the platform – as is done for example with the help of a blue check mark on a Facebook or Twitter account).
Therefore, it is necessary to have a large collection to be invited by OpenSea to get this guarantee of authenticity, a standard that will be extended in the future, according to the company.
Profile name, username, verified email address and connected Twitter account will also be required for account verification.
These new requirements should stop criminals, who often choose to attack JNFs because of the culture of anonymity (pseudonyms, fake websites, etc.) that reigns there.
Source: Radio-Canada
