It is an AI-based #NFT Authenticity Verifying Service that lets you check the authenticity of the #NFT on chain to not get scammed on platforms like @opensea
Want to know more?
Let`s go!
A quick video by @aiRight_io themselves representing what the project actually does in 1 minute!
Check it out!
Ok let start with what problems does @aiRight_io solves:
- Fake #NFTs
Scammers download #NFTs from the platforms, and remint them on the same or another platform to sell the fake #NFTs at lower price.
For example @opensea allows the creation of NFTs using โlazy minting,โ
- Wash trading
Wash trading is executing a transaction in which the seller is on both sides of the trade in order to paint a misleading picture of an assetโs value and liquidity.
$AIRI offers an #NFT Audit it`s a service to evaluate the credit score of any media assets before being minted on @aiRight_io
The assets need to go through the verification in which a report is generated by AI Oracle from Oraichain and attached to NFT when the users agree to mint
So everyone can view this report when visiting the #NFT details. Making it verified and more legit!
I like the idea of that!
It also allows marketplaces to fight fraudulence and wash trading by using their AI system
What is cool they have it patented and approved internationally and in the USA
"WO2022200834 SYSTEM AND METHOD FOR THE CREATION AND THE EXCHANGE OF A COPYRIGHT FOR EACH AI-GENERATED MULTIMEDIA VIA BLOCKCHAIN"
Their Proof of Authenticity
is on : 1. On-chain authenticity
You can check if an #NFT is authentic using on-chain marketplaces like @opensea and so on! 2. Off-chain authenticity
You can mint an #NFT and it will be compared of-chain with already existing mints to not be a scam.
Their Report on NFT transaction history provides a transaction history list and a knowledge graph focused on the #NFT, highlighting any abnormal behaviours if found based on our AI strategies.
Cool that the report includes a predicted โfair market valueโ
Features:
- AI Oracle - NFT Content Authenticity Verification
- Marketplace with Authenticated NFT & Royalty Protocol
- NFT Staking
- NFT ownership verification for Discord membership
@aiRight_io is basically a #dApp for #NFTs in the @oraichain ecosystem and also takes advantage of its products, such as:
- Oraichain Mainnet - the blockchain on which every transaction of @aiRight_io will be implemented and tracked the transaction by the Oraiscan.io
- OWallet
- AI Oracle: provided by Oraichain in protecting the #NFT authenticity by early detecting the similar NFTs over the blockchains.
โ- OraiBridge
โ- OraiDEX
Because @aiRight runs on @oraichain Mainnet and uses @oraichain Wallet, it is supporting $ORAI and $AIRI for transactions and all CW20 tokens in the future.
$AIRI token utilities:
- Payment Token for all services of @aiRight_io
- In-game token for strategic #GameFi partners in the future
- Governance
- Staking
- Lp providing
They also have a burning mechanism:
- 50% revenue from the fee pool on @aiRight will be burned to create deflation and ensure $AIRI token health is maintained, even as new tokens enter circulation through staking.
Their minting $NFTS is cool:)
I like the website style
I like the idea to make your buys more secure
I like the idea of stopping scammers to multiple mint the same artwork!
Here you have the info about their Royalty protocol integration into @aiRight_io, check it out it`s pretty cool!
Their marketplace also looks fun and it`s easy to use, with some cool #NFTs out there to buy or sell:)
I am not a #NFT trader and won`t be in the future so it`s my opinion only based on what my eyes tell me:)
What I think about $AIRI?
I love the idea of making #NFTs more secure, based on their under 2m market cap and 50% correction from their recent top I see this project as a good possible buy, but that is just my opinion DYOR I am not a financial advisor:)
It`s the most popular decentralized Layer 1 blockchain in Japan, and what`s cool it it is registered as a cryptocurrency and not security in a country with tough regulation!
Interested?
Let`s go!
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I don`t know any other project that is compatible with both of them EVM is a standard but its tech is outdated and slow, WASM
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