Magic Eden Has Added More Verification Layers To Address The Issue Of Fake NFTs

Key Points:

• Magic Eden has confirmed that additional verification layers have been added to address the issue of users purchasing counterfeit NFTs.
• Users who are affected can seek assistance from Magic Eden’s help center.

Magic Eden just declared on its official Twitter account that the platform has upgraded extra verification levels to address the issue of customers purchasing phony NFTs.

On January 4th, Magic Eden, the NFT market for the Solana chain, tweeted that it had learned about the problem of customers buying fake NFTs on this platform and had added further verification levels to address it. These verification levels were added because Magic Eden had learned about the problem. The platform expressed gratitude to its users for drawing their attention to a potential issue in which clients can obtain fake ABC NFTs. If users are affected, they have the option of seeking assistance from the help center provided by Magic Eden.

Users of Magic Eden reported seeing indecent photos and Big Bang Theory stills in place of their NFT artwork on Monday night. It was stated that Magic Eden claimed that the poor quality photographs on the platform were the result of the image provider being hacked, but the site itself was not affected. The message was issued after the incident was reported on Twitter by a few people who wanted an explanation from the social media site.

Because of the instability of Solana following the death of FTX, Magic Eden has been focusing its efforts on expanding to other blockchains and improving its gaming sector. This is due to the fact that Solana’s price has been fluctuating. Thanks to the company’s integration with the Polygon network, which it stated plans to achieve in November, the marketplace will have the ability to work together with strategic IP owners, top-tier game developers, and up-and-coming creators from the Polygon ecosystem. This will allow the marketplace to better serve its customers.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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