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

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NFT market needs to use the same playbook as DeFi to protect users from wash trading and other threats.

to equip users and creators with reliable insights into the NFT market, including NFT marketplaces and fast-growing collections. The in-depth analysis, research and statistics about the NFT ecosystem found on the UnleashNFTs platform aim to help users make informed decisions for each NFT transaction. Commenting on the non-stop innovation within the NFT ecosystem, Maharajan said:

“The innovation in the space is encouraging, and we hope to see many more positive developments and new use cases of NFTs with the rising confidence of robust threat mitigation methods.” By providing accurate blockchain analytics on a user-friendly dashboard, UnleashNFTs aims to protect NFT creators and traders from malicious actors, exploiters and other security threats targeting the market.The AI-powered platform shows statistics on potential wash trading activities in varied time frames. Wash trading occurs when one or multiple traders buy and sell an NFT to create an artificial demand that results in higher floor prices.

Proper data visualization and reliable insights have solved the confusion and unfair pricing for DeFi users. Now, it’s time to repeat the same winning formula with an even more fragmented and qualitative ecosystem. By giving NFT users a holistic view with user-friendly infographics, in-depth market reports and a dedicated wash trading analysis section, UnleashNFTs aim to expand the NFT market without losing accessibility and transparency.

 

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'Yeah, because that worked out so well for DeFi...'

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