The One Answer That May Eradicate NFT Fraud

by Cryptospacey

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 pictures and movies, and different types of digital media may be simply duplicated and disseminated, making it difficult to discover a resolution to forestall various kinds of assaults.

The REV3AL platform believes they’ve the all-in-one resolution to forestall digital counterfeit and copyright fraud. Its resolution goals to revolutionize interactions within the digital world and open new potentialities for various industries to leverage safe and protected digital property 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 expertise. He explains that “most thieves would possibly be capable to decide a lock or crack a code, however they can’t do all of them.”

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

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

Leveraging their years of expertise in methods structure, arts, cybersecurity, and blockchain, the REV3AL workforce constructed a novel, multi-factor resolution that may assist defend artists, homeowners, and types from copyrights fraud.

“We incorporate a number of layers of authentication options to create a strong anti-counterfeit resolution,” 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 homeowners may be assured that their asset is genuine.

REV3AL is genuinely distinctive from different anti-counterfeit methods due to its intensive digital and software-based stage 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 property.

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

The demand for a strong digital anti-counterfeit resolution 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 workforce is aggressively engaged on a minimal viable product which might be constructed and examined on a safe NFT market,” says Russell. “The MVP might be accessible in coming months and function the primary line of protection towards the rising want for options to guard individuals towards the scams and fraud.”

The following step on REV3AL’s roadmap is a commercially viable product that may be applied 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 important. Whether or not it’s NFTs, authentic content material, music, or private identification, digital media is simple to duplicate and wishes a strong resolution like REV3AL to guard customers from digital counterfeits.

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

 

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