If there is one problem common to all NFT markets, it is the problem of counterfeiting and copying. Due to the easy availability of photo editing tools and other media manipulation software, creating fake copies of digital assets is not very difficult. This creates trust issues with digital assets, which often leads to significant problems in scenarios where the authenticity of a digital asset or token is paramount.
The solution: da Vinci’s crunch
Fortunately, there is a new project that aims to definitively solve this problem. Crunch Da Vinci, a new project developed by bitsCrunch, aims to make it easier to identify native digital assets in any NFT market. The project is a combination of artificial intelligence and blockchain technology, and has successfully developed a new model for identifying digital assets based on some key features. In this way, he can identify an original origin no matter how many manipulations and changes it goes through.
Founded in May 2020, bitsCrunch is a German blockchain startup that aims to make the entire NFT ecosystem more reliable and resilient. It has developed multiple products to fix transparency, security, and reliability issues in the NFT ecosystem. Besides Crunch Da Vinci, here are some of their other offerings:
- sweep up: Developed to detect price and volume manipulation, it is a laundering trade detection platform tailored to the NFT ecosystem. It integrates with many NFT marketplaces to detect washouts, and some major companies have already integrated it.
- monetization: A platform that aims to determine the fair value of any token through the use of different valuation models.
Together with Crunch Da Vinci, bitsCrunch projects can truly revolutionize the NFT ecosystem by eliminating the three major issues preventing mainstream adoption of this technology: counterfeiting, wash-trading, and unfair valuations. That’s why you should pay special attention to all of their projects because they each have huge growth potential as custodians of the NFT economy!
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