How do I know if a NFT is real or fake?

Which of these is authentic?

There’s a problem with NFTs. The dissenters have a point.

And to date, we’ve been laughing them off with right click > save as sarcasm and you don’t get it.

But the rug pulls, copycats and fakes say otherwise. The anti-NFT crowd may not get the bigger picture, but they do have a point at this point in time.

NFTs come with a promise as yet unfulfilled: Provenance. Provable authenticity.

Technically, NFTs deliver provenance already. But practically, they do not.

Today, verifying the authenticity of a NFT involves one or more of:

  • Checking a centralised gate-keeper to see if the NFT is “verified”
  • Digging through blockchain transactions to see if the NFT was created by the maker’s publicised blockchain address (if they even have one)
  • Checking if the collection is a copy or original
  • And loads more

A mainstream audience doesn’t have the experience or desire to do all this. Nor should they have to.

So we have a choice:

  1. We can rely on centralised gatekeepers like Tencent, Opensea or Coinbase to stamp “worthy” NFTs with their badge of approval. And whilst artists wait for these review teams to get round to authenticating their work, they helplessly watch their fans, unable to identify the real collection, fall for copycat scams.
  2. Alternatively we can do what web3 was designed for, and do it ourselves.

Authentic DAO empowers creators and communities to build confidence in digital collectibles, through strong, decentralised, easy-to-use verification.

More to come on this very soon…

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Solana (SOL) Price Increases by 11% in 24-Hours, Placing itself as one of the Frontrunners among…

Sparrow Digest #7

Flux partners with THRESH0LD.

TBTC is Now Available on CoinList

A New Form of Collective Intelligence Emerges from within the Superalgos Ecosystem

What is Golem (GLM)? How Does It Work?

coin news:

Introducing Midas!

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Authentic DAO

Authentic DAO

More from Medium

Finding Volunteer Opportunities Near Me

Handmade Soaps by KaleidosoapsLLC

Seeing things in a different Light…[Mental Health x Fashion]

A group of Harassment in Social Media, and Twitter’s New “Safety Mode”

A group of well-dressed people talking on the street.