Sunday, June 23, 2024

Protecting NFTs from theft and piracy

For as long as art has existed, so has piracy. Since the inception of the internet, piracy has been a major issue plaguing artists and creators. Especially in digital modes, piracy is extremely easy and widespread. Be it movies, albums, books, or digital art, piracy has found its way into everything. Hence, it was no surprise that the emerging sector of NFTs would also be a victim of piracy.

Piracy means theft and distribution of intellectual poetry. Suppose you compose a song and sell it for a price. If someone takes a copy of your song and illegally redistributes it at very little (or no) cost, it would amount to piracy. For quite some time now, NFT creators have worried about protecting their intellectual property.

Pastel Network, an NFT storage and management solution, has come up with a solution that can combat NFT piracy. With the Pastel NFT fingerprint, creators can protect their artwork from piracy. Since duplicating this virtual fingerprint would be impossible, the pirated copies could be easily recognized and tracked down. However, the chances of piracy happening in the first place also comes down significantly with Pastel Network’s solutions. Pastel Network also examines the pixel composition of NFTs to ensure that only original copies are submitted and sold. Pastel Network stores each NFT with a unique ID, which they get after a complex analysis of underlying pixels and cutting-edge statistical tools.

With a fool-proof mechanism for protecting the authenticity of NFTs, the sector will grow even more in the coming days. More artists will venture into it without worrying about piracy.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
RELATED ARTICLES

Most Popular