Derin Finzer, the project’s co-founder and CEO, has shared details on how the platform seeks to battle such fraudulent activities in the future.
OpenSea’s Efforts to Combat Fraud and Plagiarism
In a blog post, the chief executive argued that OpenSea expects to see significant “Trust and Safety” investments in a few key areas such as theft and scam prevention, IP infringement across the Internet, scaling review and moderation, and cutting down critical response times in high-touch areas.
As such, OpenSea will automatically hide suspicious NFT transfers to reduce their visibility on users’ profile pages. Even as fraudulent transfers will always exist on public blockchains, the NFT platform aims to conceal them from view.
The focus will also be on preventing NFTs from being shown on OpenSea. Finzer revealed that the team will spend the next quarter developing proactive solutions, such as creating greater protections around transferred NFTs, reducing spam, and collaborating with third parties and creators of all sizes. The platform has already started working with key rights holders to develop “image-detection” models for automatic takedowns.
Furthermore, OpenSea has set up a dedicated moderation team in a bid to scale review and moderation. Going forward, it will employ “critical auto-detection” systems for copyright issues and other fraud vectors. Finzer believes this step will be crucial in establishing a faster response time on critical…
