The OpenSea NFT marketplace is implementing features to help prevent fraud and copying.
OpenSea, are working around the clock to welcome more people into the world of NFTs. As the NFT ecosystem continues to evolve, imitation and plagiarism are growing issues that hinder trust in this space. While their efforts are just the beginning, they are excited to announce several changes aimed at improving authenticity on OpenSea.
The changes cover two areas:
- An updated account verification and collection badging system that broadens the number of creators eligible for verification.
- An automated system to help identify, remove, and prevent instances of “copymints” (copies of authentic NFT content).
Updated Approach to Verification
Account verification and collection badging on OpenSea are intended to help both creators and collectors by surfacing authentic accounts and content more prominently.
OpenSea have heard from their community that eligibility for verification and badging is opaque, and the process is slow and cumbersome. So, they are rolling out four changes to the system:
Switching to an invite-based system that broadens the number of creators eligible for verification. To start, any account with more than 100 ETH of collection volume will be invited to apply – they will continue broadening eligibility and invitations beyond this first tranche as we learn more.
An updated collection badge process that allows verified accounts to request badging for a collection with significant interest or sales (starting at 100 ETH of volume or more, broadening eligibility soon).
A new streamlined, in-product experience that notifies eligible creators directly on their profile pages and guides them through the process of account verification and collection badging.
A dedicated customer support team that will respond to account verification and collection badging applications within 7 days.
Note that these changes apply going forward, and projects that are currently verified will not lose their existing verification.
This is just the start, and OpenSea is committed to a goal where any authentic creator’s account can be verified while keeping scammers out of the system.
Reducing Copymints on OpenSea
Copymints are another problem that can sometimes make it difficult for the OpenSea community to find authentic content with confidence. At the same time, they have seen incredible communities come together through substantively additive remixes and want to encourage these creative universes to thrive.
OpenSea are committed to threading the needle between removing copymints and giving space for those substantively additive remixes to prosper. So today, they are announcing a two-part system to help with this goal:
- Image Recognition Technology – A new copymint prevention system leverages computer-vision tech to scan all NFTs on OpenSea (including new mints). The system then matches these scans against a set of authentic collections, starting with some of the most copy-minted collections — they will look for flips, rotations & other permutations. OpenSea will eventually expand this set over the coming months and constantly train the models to improve detection.
- Dedicated Human Review – Making this image recognition technology work requires dedicated “humans in the loop” who can review removal recommendations and train the models continuously.
With this system, their long-term goal is two-pronged: first, with help from the community, to eliminate all existing copymints on OpenSea; and second, to help prevent new copymints from appearing in the first place. They have already started the process of delisting identified copymint collections and will scale up the removal process in phases over the next several weeks.
OpenSea consider these programs and products collectively as OpenSea’s lighthouse – helping protect creators and collectors and ensuring the community can navigate the world of NFTs confidently. Together, they believe these changes simultaneously improve the trust in the NFT ecosystem by elevating authentic content and removing copied works.
OpenSea’s work is ongoing, and they still have more to do; but we’re committed to continuous improvements and welcome the feedback of the community on these efforts.
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