Trivver develops ground-breaking authenticity scanner to minimize NFT fraud
Trivver today received its latest patent for its ground-breaking NFT authentication scanner designed to instantly verify ownership of digital assets.
NEWPORT BEACH, California, 16 August 2022 /PRNewswire/ — Trivver is pleased to announce that its Non-Fungible Token (NFT) authentication scanner has been awarded the fast-growing company’s latest US patent.
Trivver’s NFT scanner application gives NFT buyers the unique and sought-after ability to scan digital NFTs from smartphones, tablets and other devices to instantly verify whether the NFT is authentic or not.
Although the recent increase in NFT marketplace sales and activity has slowed, there is still significant activity in the area. Trivver founder, CEO and IAB board member Joel LaMontagne states, “Current economic conditions along with other factors are among several reasons why the market has cooled, but a major reason for the recent decline is simply a lack of confidence.”
After all, NFT marketplaces like OpenSeas report that as much as 80% of NFTs for sale are fake reproductions. Something has to give buyers an easy way to authenticate purchases, and Trivver believes their application backed by blockchain technology now provides the level of trust buyers require to feel confident with their purchases.
Using several patents awarded to Trivver, under LaMontagne’s leadership, the company’s latest release places a unique 3D pixel capable of maintaining and reporting ownership back to the original creator and all subsequent owners of the NFT, as well as the purpose of the NFT. Such design not only ensures the authenticity of the NFT, but equally important is that Trivver’s application ensures that sales, royalties and other possible income earned from each NFT reaches the rightful owner.
Furthermore, Trivver’s smart NFTs have the ability to autoscale 3D objects so that these and other assets can be accurately placed in limitless immersive locations like the Metaverse. Once placed, Trivver Smart NFTs return valuable performance data. With this capability, brands now have the tools necessary to easily scale their products within Metaverse and fully understand user engagement with their offerings in real-time.
“Think of our application as something similar to the security features imprinted on US and other currencies to detect counterfeit bills,” says LaMontagne. “Open the app, scan the NFT from a smart device and Trivver immediately reports whether or not the NFT is fraudulent or authentic. It’s that simple.”
A key element of this digital anti-fraud technology includes the Trivver “Smart Object” intellectual property which, among other key benefits, injects each asset with a hidden digital pattern. Such patterns include elements that can be authenticated by a number of pixels, voxels, vertices, or mesh representations.
LaMontagne concludes, “For the NFT space to thrive, we believe this is a much-needed technology. We’ve seen the values of NFTs take significant hits, and while there are several factors causing this, we believe our application is integrated into the NFT market. will greatly reduce fraud and help the market return to its once thriving roots.”
To learn more about Trivver’s NFT application, we welcome you to visit www.Ttrivver.com or [email protected]
About Trivver: Trivver is the premier advertising exchange for Extended Reality (XR) environments such as 3D, virtual reality, mixed reality and augmented reality. The Trivver platform makes it easy to create and deploy 3D interactive branded objects, allowing brands to programmatically execute targeted, impactful and scalable XR campaigns.
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SOURCE Thriving
