AI-Enhanced Safety Feature (SCOUR)

Increasing the trust and safety across the NFT ecosystem using predictive analytics.

Introduction

Wash trading is a process whereby a trader buys and sells a security for the express purpose of feeding misleading information to the market.

Problem

Wash trading and ill-intentioned behaviours are the leading problems deterring new users from entering the NFT ecosystem.

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Solution

Scour , an AI agent that acts as a watchdog to flag the spoofing transactions between the traders that manipulates both volume and price of the assets in the NFT ecosystem thereby protecting the platform (marketplace’s) market mining.

We are building a detailed knowledge graph of the complete NFT transaction history that includes transfers, wallet addresses, and reward token distributions. Using the Knowledge graph, building an AI agent that identifies complex wash trade transaction patterns, preventing the marketplace rewards from sending to those malicious trader wallets.

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