Civic’s Ignite Pass aims to combat bots targeting NFT drops on the Solana network by verifying video-based selfies using artificial intelligence.

Identity verification tech firm Civic Technologies has launched a free tool to combat botting activity in Solana (SOL)-based NFT drops.

According to a Nov. 8 announcement, Civic’s new tool “Ignite Pass” will filter out bots by requiring buyers to complete a liveness verification before being approved to make NFT purchases.

Civic’s website notes that users will be required to take a video selfie in order to verify, with an Ignite Pass then being issued to their wallet address upon completion. The pass also remains active for 24 hours to “limit the options of malicious botters verifying multiple wallets. ”

The website also outlined that “Civic does not store this video selfie,” but does not clarify if the data is deleted or stored elsewhere.

The Ignite Pass is a free version of the firm’s suite of know-your-customer (KYC) and anti-money laundering (AML) compliance tools, Civic Pass. The tools are designed for decentralized finance (DeFi) platforms, NFT marketplaces and public blockchains.

Civic Technologies CEO Chris Hart emphasized the revolutionary capabilities that nonfungible tokens have recently unlocked for artists, lamenting the negative impact that bots are having on creators:

“Bots are more than a nuisance – they’re destroying the trust that communities have built as well as the future prospects of its creators.”

Bots gone wild

In February earlier this year, Dapper Lab’s NBA Top Shot was forced to delay the launch of a new series of Premium Packs due to high levels of botting activity on the platform.

The following month, many users of the MoonCats NFTs were complaining that the project had become overrun by bots programmed to accumulate new cats the moment they dropped online.

In response to the botting, MoonCat developers Ponderware held a vote on whether to destroy a private key holding a collection of rare unreleased MoonCat NFTs or not, with 72% of the community voting “yes” during the 48-hour poll.

September saw TIME Magazine sell out of 4,676 NFTs in less than one minute, with Paradigm researcher Anish Agnihotri attributing the rapid sales to botting activity:

Many folks knew the mainnet deploy in advance and were able to plan ahead to bot their transactions.

A surge in activity from bots targeting Grape Protocol’s Initial DEX Offering (IDO) also caused the Solana network to go offline for roughly 17 hours in September.

The Solana Foundation characterized the incident as a “denial of service attack,” estimating the bots had spammed the network with a transaction load of roughly 400,000 every second.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Coinbase lists WIF perpetual futures contract as it unveils plans for Aevo, Ethena, and Etherfi

Coinbase lists WIF perpetual futures contract as it unveils plans for Aevo, Ethena, and Etherfi

Dogwifhat perpetual futures began trading on Coinbase International Exchange and Coinbase Advanced on Thursday. However, the futures contract failed to trigger a rally for the popular meme coin.

More Cryptocurrencies News

Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high

Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high

Stripe announced on Thursday that it would add support for USDC stablecoin, as the stablecoin market exploded in March, according to reports by Cryptocompare.

More Cryptocurrencies News

Ethereum cancels rally expectations as Consensys sues SEC over ETH security status

Ethereum cancels rally expectations as Consensys sues SEC over ETH security status

Ethereum (ETH) appears to have returned to its consolidating move on Thursday, canceling rally expectations. This comes after Consensys filed a lawsuit against the Securities & Exchange Commission (SEC) and insider sources informing Reuters of the unlikelihood of a spot ETH ETF approval in May.

More Ethereum News

FBI cautions against non-KYC Bitcoin and crypto money transmitting services as SEC goes after MetaMask

FBI cautions against non-KYC Bitcoin and crypto money transmitting services as SEC goes after MetaMask

US Federal Bureau of Investigations (FBI) has issued a caution to Bitcoiners and cryptocurrency market enthusiasts, coming on the same day as when the US Securities and Exchange Commission (SEC) is on the receiving end of a lawsuit, with a new player adding to the list of parties calling for the regulator to restrain its hand.

More Cryptocurrencies News

Bitcoin: BTC post-halving rally could be partially priced in Premium

Bitcoin: BTC post-halving rally could be partially priced in

Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days? 

Read full analysis

BTC

ETH

XRP