In this blog we are going to see the two most important technology Artificial Intelligence and Blockchain ,which is buzz around the world and we will how people are falling prey in Blockchain and crypto world and we will see an important product which helps in guard from the problems
The whole world was running behind the topic called Artificial Intelligence, Data Science and all other field related to it. AI has changed the whole world by creating new jobs and taken out a few jobs as well, but it has created a huge impact to the world in both good way and in bad way as well.
I am not here to debate whether it has create a good or bad impact. I am came here to talk about the next big thing in the market where are heavily moving towards it.
Now the whole world is looking on Blockchain, NFT and crypto trading . It is good to know or learn a new technology but without knowing the technology or how it is working it is very hard to survive in the market.
Awareness
Most of the people here are without this awareness about how it is working about the technology. Many people are trading in crypto tokens without knowing what it is exactly and how they are mining the tokens and what are all the factors involved in mining a token. These tokens/coins are highly volatile in nature there will be huge shakeup in the price of the coin suddenly.
how tokens are being sold and buy in the market there is one more thing in the Blockchain ecosystem named as #NFT (Non Fungible Token) which means you can make your art-work ,images, gif's, videos anything in the format of digital asset.
you may ask what is the purpose of doing so ?
If you make your art-work into digital asset, your information will be stored in a blockchain and no one cannot able to modify the block chain ,you will be the owner of the art-work so that you will not loose your ownership.
is it the only benefit of making art-work into digital asset?
No, it is not the only benefit of making your art-work into digital asset. you can able to sell your digital asset in NFT Market place there are many NFT Market place available like Binance, Wazirx ,Opensea, Rarible and many more.
you can set the base price for your digital asset and people who are interested to buy your art-work will pay for that and that information also will be stored in the block chain , so that he will be the present owner of the art-work but you if some one buys from the present owner you will be paid 10% of the sold amount, that's why most of the people are running behind this.
Fraudulent in the Market Place
There are many fraudulent happening around the NFT ecosystem like selling an art-work which is existing in one platform to other platform . All these are fraudulent transactions and few other are wash trading.
To solve this problem by detecting the fraudulent transaction using AI a company named bitscrunch (The Ecosystem Guardians) came up with a product called
Cruch Da vinci .
Our digital asset forgery detection system that uses next-level AI models to flag copycats, forgeries and bootlegged digital arts to protect your digital assets
They do have other product's as well
1.Scour - AI Watchdog
Scour identifies the spoofing transactions that manipulate both the volume and price of the assets in the NFT ecosystem using Artificial Intelligence . It helps in identifying the wash trading problem.
2.Unleash NFT's
The ability to track wallet collections and sales across multiple market places on all blockchains. with each NFT tracked, wallet owners are able to better understand their collections and be able to assess their collectibles net worth.
3.Liquify
An accurate method of determining fair values for NFT assets using AI at your disposal
To know more about the product book a virtual demo of the product that you are interested in, bitscrunch team will get in touch with you.
I would like to end by saying if you are going to do something which involves money, please try to understand how it works what all the risk factors involved in that and make a decision based on that.
I would like to end by saying if you are going to do something which involves money, please try to understand how it works what all the risk factors involved in that and make a decision based on that.
Happy Trading.