OpenSea's new measures hope to crack down on fake NFTs | Engadget

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OpenSea's new measures hope to crack down on fake NFTs

, the NFT marketplace detailed what changes users can expect, including opening up verification to more users, automated and human-assisted removal of so-called “copymints” or fake copies of authentic NFTs and changes to how collection badges — which identify NFT collections with high sales volume or interest — are doled out on the marketplace.

First off, OpenSea will use a two-part system to detect fakes that combine both image recognition tech and human reviewers. The company says its new system will continuously scan all NFT collections to spot any potential fakes. Human reviewers will vet any removal recommendations. “Our new copymint prevention system leverages computer-vision tech to scan all NFTs on OpenSea . The system then matches these scans against a set of authentic collections, starting with some of the most copy-minted collections — we’ll look for flips, rotations & other permutations,” wrote OpenSea’s Anne Fauvre-Willis in the post. The company says it has already spotted some fakes with its copymint detection system and plans to scale up the technology in the weeks to follow.

The company has also made some updates to its verification and badging system. OpenSea will open up account verification to any creator who holds at least 100 ETH of collection volume, which currently isto roughly $205,000 USD. This essentially means sellers will have to already own a significant collection of NFTs to be verified by OpenSea. The marketplace stated that it plans to broaden the eligibility criteria for verification as it continues to learn more.

All these changes will likely create a number of obstacles for NFT scam artists. Scammers have grown increasingly

 

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I'd take them more seriously if they made any attempt at preventing art theft.

what's the difference. fake useless stuff.

NFT hack: ctrl C, ctrl V.

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