Do you own a fake NFT? Here’s how to know

bitsCrunch - AI enhanced blockchain analytics and forensics · 2023-03-21T14:36:15.000Z

You’ve probably heard that #NFTs can easily be copied. This is a criticism that has been levelled against them ever since they came on the scene. However, it can’t be further from the truth. An NFT, by nature, remains unique. Its rarity gives it value, making it a digital certificate of ownership to a specific file minted on the blockchain. Yet, there are ways to make people think that the NFT they are purchasing is in fact the original one, while the file it represents can be an image that has simply been copied off the original. These are copycat NFTs which create confusion over the authenticity of a specific piece of art, and consequently affects its value. They can be so easy to pass off as originals, and can be quite difficult to sniff out as well. BAYC - A Case Study in Copycats Take the popular Bored Apes Yacht Club NFT collection for example. Consisting of unique jpeg images of apes in a variety of cool gear, this collection has garnered high sales volumes and engagement since its inception. Bored Apes NFTs have sold for nearly $2 billion as of May 2022 with a lot of scope for further volumes as new NFTs are minted. Here’s a look at some crucial information regarding the collection’s sales since they were minted: Bored Apes NFTs sell for very high amounts, making them a valuable commodity on the NFT market. Their rarity makes them very desirable, making it easy for blockchain users to fall prey to copycats. No good. Let’s put ourselves in the shoes of a buyer. You pay a huge amount of tokens or currency to add a Bored Ape to your collection. You showcase it on your social media channels, only to find that somebody else owns the very same NFT, and even claims that it’s the original. How do you find out which NFT is the original? Is it even possible to get your money back at this point? If only there was a way to identify copycat NFTs from the get-go? Hmm. How Do You Identify Copycats? There’s good news on that front! From the stables of bitsCrunch, Forgery Detection is an AI powered tool that sniffs popular blockchains and marketplaces for potential copycat / forged NFTs. You can do your due diligence on an NFT with ease, gaining a lot of insights about collections and individual NFTs, along with tracing their authenticity. For instance, an analysis of nearly 850,000 #opensea storefront assets against the top 40 NFT collections on #Ethereum gave us very interesting results regarding the Bored Ape collection! We found nearly 144 exact matches from the collection, meaning that there are as many duplicate NFTs in circulation at this very moment: What’s more, there were 231 NFTs that were flagged as nearly exact matches, 814 NFTs that were extremely similar, and likewise we have categorised our findings into 6 buckets : Exact matches, Near exact matches, Extremely similar, Similar, Moderately similar, Mildly similar. Overall the value impacted by these copycats with regards to just Top 40 collections in Ethereum alone sums up to 4.49M USD. Imagine what value will be impacted if we snipe through the entire blockchains available? Exact Matches Take a look at the example copycat mints of BAYC token id 840 in the Opensea marketplace. Another example from Bored Ape Chemistry Club (BACC) token id 69! Near Exact Matches In the below examples, you could witness the near exact matches, with minor changes to the originally minted NFT from Azuki and mfer collection. It can be very confusing for a potential NFT enthusiast / collector to find the right NFTs on the marketplace of their choice, and trace its history without the proper tools to help them. When you think about the sheer number of popular NFTs, collections and marketplaces, coupled with an ever increasing volume of new art and concepts, it’s easy to grasp the scope of this problem! Backtracking on the Blockchain: bitsCrunch adds a layer of security to your searches by not only flagging copycats, but also providing you with the originating / minted wallet address linked to that NFT. This lets you compare your specific purchase against the original minted data to verify authenticity, given that each NFT has a unique hash associated with it and the owner’s wallet at the time of minting. If the flagged address is indeed the one that’s trying to sell you the NFT, you know that you are likely to end up with a fake. ‘With the power of our AI-enabled tools and the best of the blockchain to go with it, we aim to make copycat NFTs a thing of the past.’ As with all crypto assets, due diligence pays off, and bitsCrunch makes doing your homework all the more easy. Without further ado, check our UnleashNFTs.com and get in touch with us. For more interesting updates on the latest NFT trends, follow bitsCrunch!

您可能听说过 #NFTs  很容易被复制。这是他们自上任以来就一直受到的批评。然而，这与事实相差甚远。 NFT 本质上是独一无二的。它的稀有性赋予了它价值，使其成为区块链上创建的特定文件的所有权数位证书。
然而，有一些方法可以让人们认为他们购买的 NFT 实际上是原始文件，而它所代表的文件可以是简单地从原始文件复制而来的图像。
这些是山寨 NFT，会对特定艺术品的真实性造成混淆，进而影响其价值。它们很容易被冒充为真品，但也很难被嗅出。
BAYC - 模仿者的案例研究以流行的 Bored Apes Yacht Club NFT 系列为例。该系列由穿著各种酷炫装备的猿类的独特 jpeg 图像组成，自推出以来就获得了很高的销量和参与度。
截至 2022 年 5 月，Bored Apes NFT 的售价已接近 20 亿美元，随著新 NFT 的铸造，销量还有很大的空间。
以下是该系列自铸造以来的销售情况的一些重要资讯：
Bored Apes NFT 的售价非常高，使其成为 NFT 市场上的有价值的商品。它们的稀有性使它们非常受欢迎，从而使区块链用户很容易成为模仿者的受害者。不好。
让我们设身处地为买家著想。您需要支付大量代币或货币才能将无聊猿添加到您的收藏中。你在社群媒体管道上展示它，却发现其他人也拥有同样的 NFT，甚至声称它是原创的。
如何找出哪个 NFT 是原创的？现在还有可能拿回你的钱吗？
如果有一种方法可以从一开始就辨识出山寨 NFT 就好了？唔。
如何辨识抄袭者？这方面有好消息！
来自bitsCrunch 的稳定版中，伪造检测是一款人工智慧驱动的工具，可以嗅探流行的区块链和市场中是否存在潜在的山寨/伪造的 NFT。
您可以轻松地对 NFT 进行尽职调查，获得有关集合和单一 NFT 的大量见解，并追踪其真实性。
例如，对近 850,000 个 #opensea  店面资产与 #Ethereum  上排名前 40 名的 NFT 系列进行分析，我们得到了有关 Bored Ape 系列的非常有趣的结果！
我们从该集合中发现了近 144 个完全匹配的内容，这意味著此时此刻流通中的重复 NFT 数量与此相同：
更重要的是，有231 个NFT 被标记为几乎完全匹配，814 个NFT 非常相似，同样，我们将我们的发现分为6 个类别：完全匹配、接近完全匹配、极其相似、相似、中等相似、轻度相似。
总体而言，仅以太坊中排名前 40 的收藏品受到这些模仿者影响的价值就高达 449 万美元。想像一下，如果我们狙击整个可用的区块链，会影响什么价值？
精确匹配来看看 Opensea 市场中 BAYC 代币 id 840 的模仿铸币范例。
来自 Bored Ape Chemistry Club (BACC) 代币 id 69 的另一个例子！
接近完全匹配在下面的范例中，您可以看到几乎完全匹配的内容，并对 Azuki 和 mfer 系列最初铸造的 NFT 进行了微小的更改。
对于潜在的 NFT 爱好者/收藏家来说，在他们选择的市场上找到合适的 NFT 并在没有合适的工具来帮助他们的情况下追踪其历史可能会非常困惑。
当您想到流行的 NFT、收藏品和市场的绝对数量，再加上不断增加的新艺术和概念时，就很容易掌握这个问题的范围！
区块链上的回溯：BitsCrunch 不仅可以标记模仿者，还可以为您提供与该 NFT 关联的原始/铸造钱包地址，从而为您的搜寻增加一层安全性。
考虑到每个 NFT 都有一个与其关联的唯一杂凑值以及铸造时所有者的钱包，您可以将您的特定购买与原始铸造资料进行比较，以验证真实性。
如果标记的地址确实是试图向您出售 NFT 的地址，您就知道您最终可能会买到假货。
“凭借我们人工智慧工具的力量以及与之相结合的最佳区块链，我们的目标是让山寨 NFT 成为过去。”
与所有加密资产一样，尽职调查是有回报的，bitsCrunch 让您的作业变得更加容易。话不多说，请查看我们的 UnleashNFTs.com 并与我们联系。
有关最新 NFT 趋势的更多有趣更新，请关注 BitsCrunch！