UREEQA Brings Validation-as-a-Service To The NFT Marketplace

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

ONTARIO, CA, Apr 15, 2022 – (ACN Newswire) –
UREEQA, a leading digital validation company helping
creators to protect, manage and monetize creative work, has
today announced the launch of its new
Validation-as-a-Service (VaaS) solution, designed to tackle
NFT fraud and protect NFT creators.

Certainly, any
solution will involve validating a creator’s identity.
However, Ureeqa was conceived of the notion that it was as
important to validate the authorship and ownership of every
creation as well, a factor lacking in current NFT
marketplaces, most of which focus on the ease with which
creative pieces can be initialized and sold.

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

“The initial exchange models were adopted
by NFT marketplaces on the fly, hurried and so
demand-focused that it enabled bad actors to take advantage
of the situation,” UREEQA CEO Kirk Fergusson said. “Efforts
need to be made to curb the abilities to perpetrate fraud as
easily in the first place. Then, we have the answer with a
patented process and blockchain-based solution that can be
integrated into most NFT platforms.”

UREEQA’s
revolutionary system — which has been tried and tested by
renowned artists on the company’s own marketplace — is a
creator-centric hybrid approach to validation and IP
protection. The platform’s patented validation process
enables verification via a centralized model, while
generating a Package-of-Proof on the blockchain for anyone
to see in decentralized fashion.

Any ETH-based NFT
sales platform can integrate the core components of the
UREEQA platform into their marketplace, just like that. And
so too can any auction house or creator
association.

Participating marketplaces can visibly
delineate creations that have gone through this thorough
assessment process — highlighting the extra steps that
creators have taken to instill confidence amongst
prospective purchasers.

“Building scalable world-class
NFT marketplaces to address early adopter demand has taken
considerable effort over the past year,” Fergusson added.
“At UREEQA, we’ve spent the last 18 months building a
validation solution designed to support creators first and
foremost — and this patented technology is now available to
NFT marketplaces to eradicate fraud and instill trust in the
creations they’re offering through their platforms. By
leveraging our VaaS solution, NFT marketplaces can quickly
work to stamp out fraud while preparing their marketplaces
for broader mass market adoption.”

About
UREEQA

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

The UREEQA platform strives to
protect creators’ work, their rights and their revenue by
harnessing the power of blockchain technology. UREEQA
provides value and opportunities for its creators,
validators and token holders via 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

© Scoop Media

 



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