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Wednesday, February 15, 2023
HomeNewsThe One Answer That Could Get rid of NFT Fraud

The One Answer That Could Get rid of NFT Fraud


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

When it involves the NFT {industry}, there’s hardly a single decision to the industry-agnostic problems with digital fraud and counterfeiting. NFTs, digital IDs, copyright pictures and movies, and different types of digital media will be simply duplicated and disseminated, making it tough to discover a answer to stop various kinds 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 potentialities for various industries to leverage safe and secure digital property ecosystems.

“Effective fraud prevention is a door with multiple locks requiring different keys, passcodes, biometrics, and other access levels to penetrate,” says Adam Russell, Co-founder and Chief Revenue Officer at REV3AL expertise. He explains that “most thieves might be able to pick a lock or crack a code, but they cannot do them all.”

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

“I agree with the experts that think NFTs are the adoption ramps to encourage the masses into blockchain technology,” says Mo Kumarsi, Co-founder and Chief Global Office at REV3AL.

Leveraging their years of expertise in techniques structure, arts, cybersecurity, and blockchain, the REV3AL staff constructed a novel, multi-factor answer that can assist defend artists, house owners, and types from copyrights fraud.

“We incorporate several layers of authentication features to create a robust anti-counterfeit solution,” says Kumarsi.

He notes that the layers of encrypted safety embrace hidden authentication embedded throughout 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 house owners will be assured that their asset is genuine.

REV3AL is genuinely distinctive from different anti-counterfeit techniques due to its intensive 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 novel serial code to stop unauthorized duplication and distribution of property.

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

The demand for a strong digital anti-counterfeit answer is excessive out there. REV3AL already has over 35 partnerships with varied on-line platforms and marketplaces in only a 12 months, with the determine anticipated to double within the subsequent quarter.

“Our team is aggressively working on a minimum viable product which will be built and tested on a secure NFT marketplace,” says Russell. “The MVP will be available in coming months and serve as the first line of defense against the rising need for solutions to protect people against 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 develop into more and more built-in into the digital world, defending our digital property is vital. Whether it’s NFTs, unique content material, music, or private identification, digital media is simple to duplicate and wishes a strong answer like REV3AL to guard customers from digital counterfeits.

Just as Norton 360 turned a family title for shopper cybersecurity, REV3AL has set its sights on turning into the “standard for digital media security in the metaverse.”



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