The counterfeit NFT problem is only getting worse

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The counterfeit NFT problem is only getting worse
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'You follow us if you basically want to live in hell and know how bad things are.'

, an image recognition tool that automatically issues takedown requests for artists. The tool is already in beta testing with 20 artists.Rarible, another major NFT marketplace, has cut down on plagiarism by implementing

“It’s very hard to buy from an unverified creator on Rarible,” Alexei Falin, co-founder and CEO of Rarible, toldHowever, image recognition and marketplace verification are only Band-Aids, according to Iseri. The solution, which SnifflesNFT hopes to build, is a “blockchain-scale” reputation system that verifies legitimate collectors, artists, and sellers, while penalizing scammers, regardless of the marketplace.

Other artists are looking to a legal approach if NFT marketplaces can’t get it together. Jon Neimester, a concept artist who works on the popular video game, has said he is collecting evidence for a class-action lawsuit. Concept artist RJ Palmer, who worked on“OpenSea has bastardized the entirety of what NFTs are about for artists”

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