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AI-based tools bring security and transparency to the NFT market

AI-powered blockchain analytics aims to protect NFT users from security issues haunting the ecosystem.

The frenzied increase in irreplaceable dynamic passwords (NFT) has added unpleasant costs, and the high-tech industry is stepping up repairs. In less than a decade, the NFT industry has gradually expanded from the punk style of pixel to the explicit confirmation of the right to use digital and physical assets. Like decentralized Finance (Defi), another subset of the login password field, the NFT market has risen without any traditional regulation.

Although the continuous expansion has enabled the entire NFT ecosystem to complete the real government procurement process, the lack of standardization has led to the same adverse effects encountered in the infancy of Defi interior space. At this stage, the pan-entertainment structure of the NFT ecosystem makes users confused among different markets, diversified combinations and inconsistent pricing strategies-making the wise purchase of NFT a complicated daily task.

There are so many unchecked transactions that open the door to the unique problems of NFT, the key being plagiarism, money laundering and copy forging. Without appropriate standards and toolkits, the NFT ecosystem will continue to see misleading NFT users using money laundering transactions to raise NFT prices based on human factors in fraudulent transactions, copy original videos from another creator, or indulge in other misconduct and illegal practices.

Ensure the security of NFT market

The ecosystem of NFT must follow the ideas of Defi and remain invincible in the face of growing security risks and threats. Up to now, blockchain technical data analysis tools have been promoting users to get timely, fair and impartial information about all relevant Defi agreements, dynamic passwords or markets, effectively ending the "Wild West" period of decentralized finance. With the rise of artificial intelligence (AI) and machine learning algorithms (ML), NFT indoor space is in a useful position to identify security risks and provide users with a high-quality, browsable and trustworthy experience.

BitsCrunch co-founder and CEOVijay Pravin Maharajan of BitsCrunch, a group of big data analysts and artificial intelligence experts working on blockchain, stressed that although NFT has been around for more than seven years, they have only recently been described as one of the disruptive technologies seen around the world. Apart from recognition and development, he added, "the industry needs more recognition and clarity in a way that is accurate and achieves NFT judgment."

Using artificial intelligence, bitsCrunch recently launched a NFT analysis and investigation forensics service platform called UnleashNFTs, which gives users and authors a reliable view of the NFT market, including the NFT market and growing personal collections. The detailed analysis, research and statistical analysis of the NFT ecosystem found on the UnleashNFTs software are dedicated to helping users make informed decisions about each NFT transaction. In evaluating the advancement of the NFT ecosystem, Maharajan said:

Independent innovation in this area is exciting. I hope to see a lot of proactive development and a new example of NFT application, and I am more and more confident in the strong threat mitigation.

By providing accurate blockchain technical profiling on user-friendly car dashboards, UnleashNFT is committed to protecting NFT founders and traders from deliberate personal actors, exploiters and other security risks to the market.

WASH transaction theme activity tracked by artificial Intelligence

This channel applied by artificial intelligence shows statistical information about potential earthquake trading activity over a different period of time. A big shift also occurs when one or more traders trade NFT to create human requirements, which may lead to higher venue prices.

Material Origin: NFT released from our country

In addition to basic information such as the name of the NFT collection and the detailed address of the contract, UnleashNFTs also indicated the total number of abnormal transactions, the total amount washed and how many wallets were trading them.

Proper big data visualization and reliable judgment overcome the confusion and unreasonable pricing of Defi users. Now it is time to repeat the same winning model with a more fragmented and better-quality ecosystem. According to providing NFT users with comprehensive and user-friendly information maps, in-depth market documents and special shock trading analysis, UnleashNFT is committed to expanding the NFT market without losing universality and clarity.

Learn more about bitsCrunch
by Serkan Keskin
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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