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Civic introduces new platform Civic.me to tackle scammers and bots

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Indrani bose Follow

INDIA

Aug, 03 2022

Aug, 03 2022

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With the introduction of a new tool, uniqueness verification, and a platform Civic.me launched by the Web3 identity and reputation business Civic is escalating its campaign against bots, scammers, and rug pullers. According to the firm, uniqueness verification is a tool designed to stop bots from unjustly using NFT drops by limiting the number of wallets an account can use for the drop.


Civic, a San Francisco-based company that began as an open-source identity verification system on Ethereum in 2015, has focused on online identification for Web3 and offers both business and consumer solutions. Civic specializes in creating Web3 infrastructure. As part of a mission to fight bots and fraud, it has launched Civic.me, a new uniqueness verification tool and platform that enables users to manage their online identity, NFTs, wallet addresses, uniqueness verification, and reputation from a single location on the blockchain.  


The uniqueness check is a component of a larger collection of solutions for legal organizations called Civic Pass, according to chief product officer JP Bedoya in an interview at the NFT Expoverse in Los Angeles. The uniqueness check should stop bots from using the NFT drop without authorization. One can restrict how many wallets an account can use by using this feature. For instance, during an airdrop, a user will be limited to using one wallet. Users of the Civic.me platform may control their reputation, NFTs, online identities, and wallet addresses from a single blockchain address.  


Uniqueness verification, according to Civic, is a service created to prevent bots from unfairly utilizing NFT drops by limiting the number of wallets an account can use for the drop. With the intention of preventing bots from gathering the majority of a drop, each user will only be permitted to utilize one wallet. 


In this area, one will be able to manage their Web3 identity, profile, and persona, as well as their ever-growing NFT collection, claims Bedoy. NFTs have already established themselves as a key component of user identity in Web3. According to Bedoya, hackers take advantage of protocol flaws far too frequently. "When it comes to security and cybersecurity in Web3, access and hacking are two important factors to take into account. According to the director of products at Civic, this frequently occurs as a result of flaws and other issues with the coding in smart contracts. 


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Indrani bose

CBW - External Analyst

INDIA

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