OpenSea introduces features to “enhance authenticity” in the digital marketplace, the company announced seriously of blog posts today. The updates include a new system for detecting and removing duplicate NFTs and a review of the account verification process.
“Copymints” are tokens ripping out other NFTs and have proven to be a problem for platforms like OpenSea. Last year, the platform banned two collections that mimicked Bored Ape Yacht Club NFTs, overturning them for the image to reflect. And although the owner of NFT is registered on the blockchain, fakes are rampant. In February, OpenSea said that more than 80 percent of items it removed due to violations were created with its free money-making tool.
OpenSea says it is implementing a new two-part copy detection system, noting that copies make it difficult for users to find genuine content. The company says it will use image recognition technology to scan NFTs on the platform and compare them with authentic collections, looking for rotations, rotations and other variants. OpenSea says human reviewers will also look into removal recommendations.
“We are committed to threading the needle between deleting copies and giving space to thrive on those substantial additional remixes,” the blog post reads. OpenSea says it has already begun removing offensive content and will step up the removal process in the coming weeks.
Account verification at OpenSea also receives an update. Only a guest checking app will be available for accounts with a collection of at least 100 ETH volume, and the company says it plans to expand qualification soon. Collections may receive a blue badge when owned by a verified account and meet the trading volume of 100 ETH.
OpenSea has launched other security features in recent months following reports of scams and fraudsters on or related to the platform. In February, the company announced a controlled customer support system, a response to scammers who personified OpenSea employees and gained access to people’s wallets on cryptocurrency.