The One Solution That Could Eliminate NFT Fraud

May 1, 2022
The One Solution That Could Eliminate NFT Fraud

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

In terms of 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 will be simply duplicated and disseminated, making it tough to discover a answer to forestall various kinds of assaults.

The REV3AL platform believes they’ve the all-in-one answer to forestall 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 completely different keys, passcodes, biometrics, and different entry ranges to penetrate,” says Adam Russell, Co-founder and Chief Income Officer at REV3AL know-how. He explains that “most thieves may have the ability to decide a lock or crack a code, however they can’t 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 huge potential.

“I agree with the consultants that assume NFTs are the adoption ramps to encourage the plenty into blockchain know-how,” 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 novel, multi-factor answer that may assist shield artists, house owners, 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 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 shield 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 degree of safety. By embedding dynamic layers of variable information into every authentication layer, it wraps the digital asset with a novel serial code to forestall unauthorized duplication and distribution of belongings.

Past their know-how, REV3AL additionally leverages its native token in its techniques. Every time the know-how is deployed, a REV3AL token is burned as a deflationary asset. The token may also include extra 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 varied on-line platforms and marketplaces in only a 12 months, with the determine anticipated to double within the subsequent quarter.

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

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

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

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

 

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