NFT marketplace has suspended most of the transactions due to the influx of fakes and plagiarism

Cent, which helped former Twitter CEO Jack Dorsey just under a year ago sell at the NFT auction of the first tweet for $2.9 million, announced a temporary suspension of almost all transactions on its marketplace in order to stop the uncontrolled spread of fakes and plagiarism in tokens.

Image Source: Pete Linforth / pixabay.com

In a conversation with journalists of the agency Archyde.com The head of Cent, Cameron Hejazi, said that on February 6, the ability to sell and buy most NFTs was disabled on the company-owned marketplace – platform users were left with only the ability to trade tweets. The administration of the service, according to Mr. Hejazi, has ceased to cope with the avalanche of digital goods outside the legal field: “Every time we blocked one [лот]there was another or even three “.

A couple of weeks ago, the largest NFT marketplace OpenSea informedthat more than 80% of the tokens generated using its free tool were associated with plagiarism, collections of fakes and spam. In an attempt to respond to numerous complaints from artists and photographers, the platform decided to limit the operation of this tool, but faced strong opposition from the public. According to Mr. Hejazi, this problem is fundamental for Web3, and in order to overcome it at the initial stages, it may be necessary to use centralized tools that contradict the very idea.






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