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Social network for artists DevianArt announced a toolkit to combat fraud through non-fungible tokens
An online platform for artists called DevianArt began to fight NFT piracy through a toolkit based on machine learning. The site announced this in its blog.
With a solution called DeviantArt Protect, users can download copies of works of art and match them to images of non-fungible tokens (NFTs) on the OpenSea marketplace.
If the tool detects an identical or “nearly identical match”, the authors of the works will receive a piracy notification. The free plan allows you to upload up to ten images (up to 2 GB in total) for monitoring. A paid DeviantArt Core subscription of $3.95 per month allows you to track up to a thousand images with a total volume of 50 GB.
The developers claim that the solution scans NFTs deployed in a whole group of blockchains like Ethereum, Polygon, Arbitrum, Optimism, Tezos and Flow. However, it is unclear whether the tool supports NFT published on other marketplaces like Rarible or Nifty Gateway.
According to The Verge, at the time of writing, DeviantArt has indexed 345 million NFT from eight blockchains. The developers have already sent about 245,000 warnings about potentially stolen visual works in the form of NFT. However, it remains unclear how many complaints have had the desired effect on intruders.
In April, the analytical platform CryptoSlam found that about 95% of the activity on the NFT marketplace LooksRare is associated with laundering trading. Since launch, the platform has processed about 106,000 transactions totaling $ 22.2 billion However, as CryptoSlam found out, users do not actually sell or buy anything, but simply transfer money or assets between related accounts. Typically, the addresses of the buyer and seller belong to the same person or group.
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