NFTify launched its NFTify AI Services demo where NFT creators, marketers, buyers and sellers can now search for fakes, duplicates and inappropriate content using the NFTify app. Known as the Shopify of NFTs, NFTify allows small businesses to create permissionless online NFT stores with zero coding and low fees.
From the art to the sports world, collectibles markets have experienced a decline in value over the last decade owing to a sharp rise in forgeries. The sports card market has faced a rise in common frauds including cards altered to falsify grades, fake autographs, and many more. The art market is also significantly devalued by forgeries, estimated to represent one-third of art works in circulation. By providing a way to research NFT copyright and unique attributes, NFTify is providing a new level of content protection.
NFTs are restoring value to digital collectibles by creating unique traceable cryptographic assets registered on the transparent digital ledger, but they do not completely eliminate copyright risk. Similarity in content can be both intentional and unintentional. Other content risks such as that deemed to be of an inappropriate sexual or political nature also create risks for digital content providers, from Facebook to Twitter.
NFTify AI Services reduce intellectual property and related risks by helping users detect:
- fakes, duplicates or similar tokens, thereby enhancing copyright protection
- inappropriate NFT content — for example sexual, suggestive, obscene, or violent content.
- NFT content for automatic tag suggestion