OpenSea, one of the highest-profile crypto start-ups, has found itself in the center of attention after facing backlash over stolen and plagiarized NFTs.
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., 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.
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.
“To that end, our number one objective as a company is to improve Trust across our product – and to continue building the best team to do it. More to come soon.”The latest mitigation efforts put forward by Finzer come at a time when OpenSea witnessed its troubles piling up just as demand for NFTs cooled down amid a broader market rout.
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