The VaaS option will aid NFT marketplaces, NFT assortment creators, auction residences and other on the web platforms to crack down finally, on fraud, piracy and theft.
ONTARIO, CANADA – (NewMediaWire) – April 16, 2022 – UREEQA, a main electronic validation corporation serving to creators to secure, take care of and monetize imaginative operate, has currently announced the launch of its new Validation-as-a-Services (VaaS) resolution, intended to deal with NFT fraud and guard NFT creators.
Certainly, any remedy will entail validating a creator’s identification. Nevertheless, Ureeqa was conceived of the notion that it was as essential to validate the authorship and possession of each and every development as nicely, a variable lacking in current NFT marketplaces, most of which emphasis on the ease with which inventive items can be initialized and marketed.
UREEQA’s exceptional platform fixes this by employing its VaaS resolution to make a Offer-of-Evidence(TM) and a Responsibly Minted(TM) NFT, which come with each other to provide as proof that the creator and the creation have been authenticated and are genuine.
“The initial trade versions were being adopted by NFT marketplaces on the fly, hurried and so demand-targeted that it enabled lousy actors to take advantage of the problem,” UREEQA CEO Kirk Fergusson stated. “Attempts want to be produced to control the skills to perpetrate fraud as effortlessly in the first location. Then, we have the solution with a patented process and blockchain-primarily based remedy that can be integrated into most NFT platforms.”
UREEQA’s groundbreaking program — which has been attempted and examined by renowned artists on the company’s possess marketplace — is a creator-centric hybrid method to validation and IP protection. The platform’s patented validation procedure enables verification through a centralized design, when building a Bundle-of-Proof on the blockchain for any individual to see in decentralized vogue.
Any ETH-dependent NFT product sales platform can combine the main parts of the UREEQA platform into their marketplace, just like that. And so much too can any auction residence or creator association.
Participating marketplaces can visibly delineate creations that have long gone by way of this comprehensive assessment approach — highlighting the more techniques that creators have taken to instill self-assurance amongst possible purchasers.
“Creating scalable environment-class NFT marketplaces to deal with early adopter desire has taken significant effort and hard work more than the past calendar year,” Fergusson included. “At UREEQA, we have invested the very last 18 months developing a validation answer designed to assist creators 1st and foremost — and this patented technology is now offered to NFT marketplaces to eradicate fraud and instill trust in the creations they’re providing by means of their platforms. By leveraging our VaaS alternative, NFT marketplaces can swiftly perform to stamp out fraud whilst making ready their marketplaces for broader mass industry adoption.”
Established in Canada in 2020, UREEQA is modernizing the inefficient and bureaucratic programs at the moment in spot for copyright safety. By setting up a sturdy and powerful Deal-of-Proof(TM) for supply imaginative perform, UREEQA only mints Validated NFTs to depict artistic legal rights. This will help preserve customers protected by giving them self confidence that the perform they are purchasing was minted by the clever deal authorized by the creator of the operate and is thus genuine.
The UREEQA system strives to protect creators’ work, their legal rights and their earnings by harnessing the ability of blockchain technologies. UREEQA presents worth and opportunities for its creators, validators and token holders via URQA, the token at the coronary heart of the UREEQA ecosystem. For far more data on UREEQA and approaching bulletins, please take a look at our site, be a part of our Telegram channel and Discord server, and abide by us on Twitter, Instagram and LinkedIn.
Statements in this report, together with any statements relating to UREEQA’s upcoming options and aims or anticipated success, may perhaps contain forward-seeking statements. Forward-searching statements are dependent on numerous assumptions and are subject matter to all of the challenges and uncertainties inherent in technological know-how progress and commercialization. As a end result, true final results may well range materially from those explained in the ahead-hunting statements. Do your very own exploration!
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