'UREEQA,' the leading digital validation company founded in Canada in 2020, has announced a new 'Validation-as-a-Service' (VaaS) solution for the NFT space. With its in-house VaaS, UREEQA is hoping to address issues of fraud, theft, and piracy throughout the NFT ecosystem while also providing a valuable tool to creators.
UREEQA's VaaS generates a 'Package-of-Proof' and a 'Responsibly Minted' label for validated NFTs, which state that both the NFT itself and the identity of the creator are legitimate. The company has stated that its VaaS services can be integrated into any Ethereum-based platform or service, meaning it is applicable to a large quantity of NFT platforms and marketplaces.
In addition to reducing fraud and verifying creators, UREEQA's VaaS will bring a wider mass-market appeal to NFTs while simultaneously clearing some of the poor reputation surrounding the NFT space, as its VaaS offers legitimacy to each token it processes.
Image Credit: UREEQA
Key Themes Behind This Trend
- NFT Verification
- UREEQA's VaaS solution for NFT space aims to tackle fraud, theft, and piracy while offering creators a valuable tool.
- Package-of-proof
- UREEQA's 'Package-of-Proof' generates a label for validated NFTs, verifying the legitimacy of both the NFT and creator.
- Responsibly Minted
- UREEQA's 'Responsibly Minted' label provides legitimacy to each token it processes, adding mass-market appeal to NFTs.
Where This Applies
- Blockchain Technology
- UREEQA's VaaS solution highlights potential for further disruptive innovations in blockchain, particularly in fraud prevention and verification.
- Digital Art
- UREEQA's VaaS holds potential for disruptive innovation in digital art by adding legitimacy and transparency to the NFT market.
- Intellectual Property
- UREEQA's VaaS can also disrupt the Intellectual Property industry by providing a tool to verify authenticity, ownership, and authorship of digital assets.
