You can now clone NFTs as ‘Mimics’: Here’s what that means – Cointelegraph Magazine

Österreich Nachrichten Nachrichten

You can now clone NFTs as ‘Mimics’: Here’s what that means – Cointelegraph Magazine
Österreich Neuesten Nachrichten,Österreich Schlagzeilen
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Let’s say you buy your NFT and that you spent a few hundred bucks, maybe thousands, for that piece of art whose authenticity is certified. Now let’s say someone found a way to clone it. Frightening? Welcome to Mimics.

The purpose of a blockchain ledger is to prove provenance, yet it is still extremely difficult to verify that an NFT is from a legitimate artist. For example, on the Ethereum Name Service , people make close copies of well-known artists’ domain names by replacing “1s” with the letter “l” to trick buyers into thinking it’s an original. For this reason, Bokky is working on a tool to research ENS names, in the hopes of helping the community at large to spot real versus fake NFT collections.

The Mimics codebase also includes a defense mechanism. By setting up a “Shield of Essence” and activating the “aura,” the shield will protect all NFTs on the same account from being copied by mimics. Mimics are a call to action to improve NFT standards and decentralized infrastructure at large. The hacker-developer behind Mimics does not just want to break things, but to build.

Mimics is one example of the broader ethos of Web3. The project embodies core themes of the Web3 ideal: participatory building, self-organizing, and owning one’s own infrastructure .

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Cointelegraph /  🏆 562. in US

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Warner Bros. and Nifty’s to Launch Looney Tunes Story Bolstered by NFTs – Bitcoin NewsWarner Bros. and Nifty’s to Launch Looney Tunes Story Bolstered by NFTs – Bitcoin NewsWarner Bros. and Nifty’s revealed the launch of a story-driven NFT collection called “Looney Tunes: What's Up Block?”
Weiterlesen »

OpenSea ‘insider trading’ could see NFTs labeled securities: Former SEC lawyerOpenSea ‘insider trading’ could see NFTs labeled securities: Former SEC lawyerHas Pandora's box been opened? Former United States Securities and Exchange Commission lawyer Alma Angotti says this week's news about an OpenSea employee being charged with insider trading could open the doors to NFTs being labeled as securities.
Weiterlesen »

Someone Has Stolen The Goblin Ass NFTsSomeone Has Stolen The Goblin Ass NFTsAll my goblin asses are gone.
Weiterlesen »

Seth Green's Stolen Bored Ape 'Saga' Exposes More Woes Regarding NFTsSeth Green's Stolen Bored Ape 'Saga' Exposes More Woes Regarding NFTsThe humor of Seth Green's Bored Ape fiasco has given way to renewed conversations around the incredibly nebulous legal interpretations surrounding NFT ownership, consumer protections within web3 markets and the ever-present topic of copyright.
Weiterlesen »

A Look at Cronos: Ethereum & Cosmos Compatible Blockchain for Defi & NFTs | HackerNoonA Look at Cronos: Ethereum & Cosmos Compatible Blockchain for Defi & NFTs | HackerNoonIn this post, we’ll take a look at Cronos, the Crypto.org blockchain platform that has developed solutions that aim to address scalability and interoperability.
Weiterlesen »

32 NFTs Stolen as BAYC and Otherside Discord Servers Compromised32 NFTs Stolen as BAYC and Otherside Discord Servers CompromisedThe Discord servers of BAYC and OtherSide were compromised. 32 NFTs were reportedly stolen.
Weiterlesen »



Render Time: 2025-04-11 04:27:32