The NFT marketplace OpenSea has released a blog post to inform its customers of its increased efforts to ‘curb fraud and plagiarism’.
Devin Finzer, the CEO of OpenSea said, “We’re helping build the infrastructure for a completely new internet, and we have a responsibility to help solve these ecosystem challenges.”
Up until now, OpenSea has prohibited plagiarism, IP infringement & theft and is working on improving its security systems.
OpenSea recently launched a verification system that identifies authentic accounts and contents more prominently. They also launched a copymint prevention system, which uses image recognition technology to scan NFTs and identify potential duplicates.
Furthermore, the platform is working on developing a system that automatically hides suspicious NFT transfers, to lower their visibility on individual profile pages.
They are also working on protecting transferred NFTs, reducing spam, and partnering with third parties and creators of all sizes.
The OpenSea team will soon add auto-detection methods to look for copyright issues and other vectors of fraud.
For the rest of 2022, OpenSea customers will be able to see improvements across:
- Theft and scam prevention
- IP infringement of art across the Internet
- Scaling review and moderation
- Response times
Read Also: Fake Youtube NFT Mint Pass Link Posted by Hackers on OpenSea
Even though OpenSea has the largest share of market value, it is an easy target for hackers and fraudsters. It has been previously criticised for being slow to act on incidents when stolen NFTs were sold.
The blog post ends with the platform notifying its users that the platform’s ‘number one objective as a company is to improve trust across our product– and to continue building the best team to do it.’
