Intro to Argus
The recent growth of the overall NFT market has created big challenges for development teams trying to scale market infrastructure. And as NFT trading volume has increased dramatically, so has the incentive for bad actors to sell plagiarized art and counterfeit NFTs. At the same time, the need to verify the legitimacy of NFT collections has created problems for many NFT creators. Since it takes marketplaces just as much effort (if not more) to verify a small collection as a large one, marketplaces are incentivized to put off verifying smaller collections in favor of larger ones that generate more revenue. And for creators of smaller NFT collections, this incentive frequently leads to lengthy delays in gaining visibility on leading marketplaces. Even in relatively small NFT ecosystems, current verification methods create market bottlenecks that are bad for creators, marketplaces and collectors.
Jul-27-2022, 19:20:50 GMT