Itheum Introduces Innovative Anti-Fraud Mechanisms to Enhance Trust in NFT Markets

The rapid growth of the NFT market has been accompanied by an increase in fraudulent activity, affecting investor trust. To address this challenge, data ownership protocol Itheum Protocol has introduced the ‘Liveliness Mechanism’, which aims to protect the NFT market by increasing transparency and trust. The Liveliness Mechanism requires data NFT creators to bind a certain number of Itheum tokens in order to receive a rating; the higher the rating, the more trustworthy the creator. This scoring system serves as a dynamic indicator in the NFT market to help buyers assess the reliability of NFTs. Creators must lock in their tokens for at least three months, and the Liveliness score will gradually decrease over time, but not the original pledged ITHEUM tokens. In addition, Itheum has launched the NFMe ID Vault data NFT and BiTz XP systems to further encourage active user participation and contribution, and in this way promote the healthy development of the NFT market. These innovative mechanisms aim to reduce fraud and enhance market transparency and user trust.