UREEQA brings validation as a service to the NFT market


The VaaS solution will help NFT marketplaces, NFT collection creators, auction houses and other online platforms to finally crack down on fraud, hacking and theft.

ONTARIO, CANADA – (NewMediaWire) – April 16, 2022 – UREEQA, a leading digital verification company that helps creators protect, manage and monetize creative work, today announced the launch of its new Verification as a Service (VaaS) solution , designed to combat NFT fraud and protect NFT creators.
Certainly, any solution will involve validating a creator’s identity. However, Ureeqa was designed with the idea that it was equally important to validate the authorship and ownership of each creation, a factor that is lacking in today’s NFT markets, most of which focus on the ease with which creative pieces can be initialized and sold.

UREEQA’s unique platform solves this problem by using its VaaS solution to generate a Package-of-Proof(TM) and a Responsibly Minted(TM) NFT, which come together to serve as proof that the creator and creation have been authenticated and are legitimate.

“The initial trading patterns were adopted by NFT markets on the fly, hastily and so demand-driven that they allowed bad actors to take advantage of the situation,” said UREEQA CEO, Kirk Ferguson. “Efforts must be made to limit the abilities to commit fraud so easily in the first place. Then we have the answer with a patented process and blockchain-based solution that can be integrated with most NFT platforms.”

UREEQA’s revolutionary system – which has been tried and tested by renowned artists in the company’s own market – is a creator-centric hybrid approach to intellectual property validation and protection. The platform’s patented validation process enables verification through a centralized model, while generating a proof package on the blockchain that everyone can see in a decentralized way.

Any ETH-based NFT trading platform can integrate the core components of the UREEQA platform into their marketplace, just like that. The same goes for any auction house or designer association.

Participating marketplaces can visibly delineate the creatives that have gone through this thorough review process – highlighting the additional steps creators have taken to instill confidence in potential buyers.

“Building scalable, world-class NFT marketplaces to meet early adopter demand has taken tremendous effort over the past year,” Fergusson added. “At UREEQA, we’ve spent the past 18 months building a validation solution designed to support creators first – and this patented technology is now available to NFT marketplaces to root out fraud and instill trust in the creations they create. offer through their By leveraging our VaaS solution, NFT marketplaces can quickly combat fraud while preparing their marketplaces for wider mass market adoption.”

About UREEQA

Established in Canada in 2020, UREEQA modernizes the inefficient and bureaucratic systems currently in place for copyright protection. By building a robust and compelling Package-of-Proof(TM) for the source creative work, UREEQA only manufactures validated NFTs to represent the creative rights. This helps to keep buyers safe by giving them confidence that the work they are purchasing has been struck by the smart contract approved by the creator of the work and is therefore authentic.

The UREEQA platform strives to protect creators’ work, rights and earnings by harnessing the power of blockchain technology. UREEQA provides value and opportunity to its creators, validators and token holders through URQA, the token at the heart of the UREEQA ecosystem. For more information on UREEQA and upcoming announcements, please visit our website, join our Telegram channel and Discord server, and follow us on Twitter, Instagram, and LinkedIn.

– Website:https://www.ureeqa.com/
– Discord:https://discord.com/channels/756566642418384906/824682437417369654
-Instagram:https://www.instagram.com/ureeqa_inc/
– LinkedIn:https://www.linkedin.com/company/ureeqainc/
– Telegram:https://t.me/UREEQA
-Twitter:https://twitter.com/UREEQA_Inc

Warning:
The statements in this article, including any statements regarding UREEQA’s future plans and goals or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all risks and uncertainties inherent in the development and commercialization of technologies. Therefore, actual results may differ materially from those described in the forward-looking statements. Do your own research!

Subject: New service
Source:UREEQA

https://www.acnnewswire.com
From Asia Business News Network

See the original version on www.newmediawire.com

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