Many non-fungible token (NFT) markets allow digital collectors to identify works of art based on their creator’s wallet address thanks to a partnership with software giant Adobe.
In an announcement made today, Tuesday October 26th, Adobe announced that it is partnering with major NFT markets such as OpenSea, KnownOrigin and SuperRare to enable users to verify the authenticity of digital content. Adobe content credentials can add to the metadata of tokens available in a marketplace, the wallet address of an NFT creator, and social media information.
“This partnership strengthens our commitment to empower users with more tools as we rethink how we deliver digital goods on the Internet,” said an OpenSea spokesman. “Working with market leaders like Adobe and the growing NFT community, we will continue to deliver features that increase trust and transparency across the metaverse.”
It appears that the feature still provides the ability for NFT creators to stay under a pseudonym and view wallet addresses associated with their online identity or true social media profiles. Rarely, Another market that offers Adobe’s digital verification system said that the feature would help “combat misinformation through attribution and verifiable accuracy of content”.
According to data from DappRadar, OpenSea is the largest NFT market by daily trading volume, with over $ 50 million at press time. SuperRare, Rarible and KnownOrigin rank well below that with daily trading volumes of around $ 1 million, $ 328,000 and $ 42,000, respectively.
OpenSea was recently criticized by many in the cryptocurrency space after its chief product officer, Nate Chastain, was accused of inflating the prices of NFTs that made the front page of the market before they went on sale. OpenSea said its employees are prohibited from buying and selling collections that are displayed on its platform.