Adobe enables users to verify NFT arts through metadata
Many NFT (nonfungible token) marketplaces enable digital collectors to identify artwork based on the creator’s wallet address through a partnership with Adobe.
On Tuesday, in an announcement, Adobe said it plans to partner with big NFT marketplaces, including KnownOrigin, OpenSea, and SuperRare. They will enable users to verify the authenticity of their digital content. Adobe’s Content Credentials can add an NFT to the creator’s wallet address and social media information to the metadata of tokens placed on the marketplace.
An OpenSea spokesperson commented on this news, saying that this partnership promotes their commitment to providing users with more tools as they collectively rethink how they transfer digital goods on the internet. The spokesperson added that working in tandem with Adobe and the NFT community will provide features to build trust and transparency beyond the metaverse.
It seems that the feature will still leave the option for NFT creators to stay pseudonymous. They choose to display their complete real social media profiles or crypto addresses linked to their online identity. Another marketplace that offers the digital verification system from Adobe, called Rarible, said the feature would help the company fight misinformation while placing the provable truth of the content.
According to data provided from DappRadar, by daily trading volume, OpenSea is considered the largest NFT marketplace reported as over $50 million at the time of publication. Other marketplaces, including Rarible, SuperRare, and KnownOrigin, rank way below with approximately $328,000, $1 million, and $42,000 daily trading volume.
After Nate Chastain, the head of product in OpenSea, was accused of pumping up the values of NFTs (that he featured on the company’s homepage before selling), the platform recently faced criticism from many people in the crypto industry. OpenSea said that it bans its employees from buying and selling collections featured on the platform.
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