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The One Solution That Could Eliminate NFT Fraud

By Orbit Brain

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The One Solution That Could Eliminate NFT Fraud

The One Solution That Could Eliminate NFT Fraud

An interview with REV3AL’s founders on constructing digital counterfeiting and copyrights fraud prevention instruments.

In relation to the NFT {industry}, there’s hardly a single decision to the industry-agnostic problems with digital fraud and counterfeiting. NFTs, digital IDs, copyright photographs and movies, and different types of digital media could be simply duplicated and disseminated, making it tough to discover a answer to stop several types of assaults.

The REV3AL platform believes they’ve the all-in-one answer to stop digital counterfeit and copyright fraud. Its answer goals to revolutionize interactions within the digital world and open new prospects for various industries to leverage safe and protected digital belongings ecosystems.

“Efficient fraud prevention is a door with a number of locks requiring totally different keys, passcodes, biometrics, and different entry ranges to penetrate,” says Adam Russell, Co-founder and Chief Income Officer at REV3AL expertise. He explains that “most thieves would possibly have the ability to choose a lock or crack a code, however they can not do all of them.”

In 2021, the REV3AL founding group members first got here collectively once they noticed how the rising quantity of counterfeits and scams restrict the digital belongings and NFT {industry} from reaching its monumental potential.

“I agree with the consultants that assume NFTs are the adoption ramps to encourage the plenty into blockchain expertise,” says Mo Kumarsi, Co-founder and Chief World Workplace at REV3AL.

Leveraging their years of expertise in techniques structure, arts, cybersecurity, and blockchain, the REV3AL group constructed a singular, multi-factor answer that may assist defend artists, homeowners, and types from copyrights fraud.

“We incorporate a number of layers of authentication options to create a sturdy anti-counterfeit answer,” says Kumarsi.

He notes that the layers of encrypted safety embody hidden authentication embedded inside the asset itself. Any shopper can self-verify the originality of a digital asset in seconds utilizing REV3AL’s platform or bodily decoder. With REV3AL’s system of authentication instruments, artists and creators can defend their work from duplicators, and homeowners could be assured that their asset is genuine.

REV3AL is genuinely distinctive from different anti-counterfeit techniques due to its in depth digital and software-based stage of safety. By embedding dynamic layers of variable knowledge into every authentication layer, it wraps the digital asset with a singular serial code to stop unauthorized duplication and distribution of belongings.

Past their expertise, REV3AL additionally leverages its native token in its techniques. Every time the expertise is deployed, a REV3AL token is burned as a deflationary asset. The token may even include further perks for holders, together with entry to REV3AL’s upcoming metaverse platform.

The demand for a sturdy digital anti-counterfeit answer is excessive available in the market. REV3AL already has over 35 partnerships with numerous on-line platforms and marketplaces in only a yr, with the determine anticipated to double within the subsequent quarter.

“Our group is aggressively engaged on a minimal viable product which will likely be constructed and examined on a safe NFT market,” says Russell. “The MVP will likely be obtainable in coming months and function the primary line of protection in opposition to the rising want for options to guard folks in opposition to the scams and fraud.”

The subsequent step on REV3AL’s roadmap is a commercially viable product that may be carried out into any appropriate platform by way of an API.

As our lives grow to be more and more built-in into the digital world, defending our digital belongings is important. Whether or not it’s NFTs, unique content material, music, or private identification, digital media is simple to duplicate and wishes a sturdy answer like REV3AL to guard shoppers from digital counterfeits.

Simply as Norton 360 grew to become a family identify for shopper cybersecurity, REV3AL has set its sights on changing into the “commonplace for digital media safety within the metaverse.”

 


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