Illustration by Alex Castro / The Verge
OpenSea is rolling out features to “improve authenticity” on the digital marketplace, the company announced in a series of blog posts today. The updates include a new system to detect and remove copycat NFTs and an overhaul to the account verification process.
“Copymints” are tokens ripping off other NFTs and have proved to be a problem for platforms like OpenSea. Last year, the platform banned two collections that mimicked Bored Ape Yacht Club NFTs by flipping them so the image is mirrored. And though the owner of an NFT is recorded on the blockchain, fakes are rampant. In February, OpenSea said that over 80 percent of items it removed for violations were created with its free minting tool.
OpenSea says it’s implementing a new two-part…
