OpenSea aims to prevent NFT theft
NFT marketplace OpenSea has published updates on the verification process.
Moving forward, users must complete an improved account verification process.
Numerous individuals in the NFT community have encountered issues related to copying and imitation. To combat these concerns, OpenSea is rolling out a dual-layer verification system that involves both Image Recognition Technology and a dedicated human review team.
This revamped verification system is designed to support both artists and collectors in the marketplace.
For creators, the initial step will involve adopting an invitation-only verification process. This approach aims to expedite the verification of more creators in a shorter time frame.
Creators will receive dedicated customer support for their verification needs, with a typical response time capped at seven days.
OpenSea is set to introduce an enhanced user experience within its platform that will assist creators throughout the verification journey.
After completing the process, users will obtain updated badges for their collections, particularly focusing on those collections that garner significant interest or high sales volumes.
The first accounts prioritized for verification will be those managing collections with a minimum trading volume of 100 ETH.
OpenSea's primary objective is to ensure that genuine artists receive verification. On the other hand, collectors will benefit from an increased visibility of verified artist profiles in the marketplace.
Existing verified accounts will maintain their status without any changes.
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