AI has a role to play in detecting fake NFTs By Cointelegraph
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Beyond all the good a permissionless internet promises, it also makes it convenient for anyone to freely mint pirated nonfungible tokens (NFTs). There are in fact over 90 million fake copies of NFTs. Because in a permissionless system, what’s to stop bad actors from creating copymints to scam unsuspecting users or damage a brand’s reputation?
Only the top 20 most copied NFT projects account for 8 million fake copies across NFT marketplaces.
Continue Reading on Coin Telegraph
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© Reuters
Beyond all the good a permissionless internet promises, it also makes it convenient for anyone to freely mint pirated nonfungible tokens (NFTs). There are in fact over 90 million fake copies of NFTs. Because in a permissionless system, what’s to stop bad actors from creating copymints to scam unsuspecting users or damage a brand’s reputation?
Only the top 20 most copied NFT projects account for 8 million fake copies across NFT marketplaces.
Continue Reading on Coin Telegraph