Best Kong NFT – Krazy Kong

The Gist: How do you know whether an NFT is original or not? In this article, we have listed some of the key points that will help you validate an NFT art.

Blockchain technology is considered the best innovation for decentralized and peer-to-peer transaction systems. This new technology has revolutionized the banking sector, making it one of the most adaptable technologies in the last decade. After cryptocurrency, NFT is emerging as the most valuable digital asset currently. It has become a hot topic for artists, brands, gamers, musicians, actors, tech giants, and many more.

In just a year, the market volume of NFT reached from $340 million to $2 billion in the first quarter of 2021. Except for the naysayers, everyone is bullish about this new technology. Going forward, the usefulness of NFT art will increase, giving it more power and popularity among the masses. The reality of the NFT symbolizes its acceptance as more and more people engage in innumerable digital transactions each day. People believe that NFT is reliant on decentralized and transparent blockchain technology.

As the popularity of the NFT increases, the number of traders and creators also increases. As a result, NFT markets have become overcrowded, making it more difficult to find the true art of NFT. Although blockchain technology makes NFT networks seamless and secure, reliability is a concern when hackers and fraudsters try to take advantage of the platform. That is why it is critical to check an NFT’s legitimacy.

Authentication issues and Scams

Most of the scams in NFT are trolls who do nothing but try to sell the copied and false NFT art on the platform. However, even these kinds of scam activities happen a few times because of high security. The primary issue lies in verifying the authenticity of the NFT between the original content and the underlying content attached.

When you buy an NFT artwork, rather than buying intellectual property, you buy a link to an NFT. The underlying content connection may not even be recorded on the blockchain network, but it does exist somewhere on the Internet. Moreover, these frauds make use of the open-source nature of blockchain technology. This can lead to complications for collectors, endangering them from facing a lawsuit or worse.

Therefore, it is important to authenticate the ownership of any NFT collection you wish to purchase. The best way to authenticate an NFT is by using the metadata and browsing through the property’s history. However, this history will not help you link an NFT art to its owner. Consequently, you must manually authenticate the ownership of the NFT collections.

Some methods will help you verify the ownership of an NFT. These are simple and easy methods that might strike down the extra work that you put in.

Method 1: Check the metadata and transaction history of NFT

Digital art is first converted to tokens and tokens are stored within the metadata. Each NFT has a unique identifier that will assist you in identifying the owner or creator of an NFT. In addition, you can check the history of NFT transactions and check any claims that the owner makes. In order to acquire the data history, visit the NFT “Smart Contract”. Under the Smart Contract, you will find the ‘Detail’ section where you can verify the metadata. The following information is provided in the “Details” section.

• Blockchain network that hosts NFT
• Smart contract address of the NFT
• Metadata status whether NFT is centralized or focused
• The Token Id of NFT
• The encoding standard of NFT like ERC-721

Method 2: NFT verification service

Now that you have an access to the metadata, the token ID, and the contract address, compare this with the NFT market database to validate the authenticity of the owner. Certain NFT verification tools are compatible with the NFT encoding standard. This will help you find out who the owner is and invest in NFT.

Method 3: Use digital certificates for verification

Similar to the traditional certificates, some NFT collections come with digital certificates that validate the authenticity of the project. These certificates include the creator’s name, programming information, production date, NFT serial number, status, and token ID. The certificate also holds the digital signature of the owner.

Method 4: Check the social media handles of the owner 

This is the easiest and quickest way to check the owner or creator of the NFT collections. If you know the owner and creator of artwork, do a social media search and track them. They keep you updated with all the latest information on their NFT collections like NFT release date, giveaways, whitelists, number of NFTs, price, etc.

In addition, they will also inform you of NFT marketplaces where they will give up their NFT. All of this information will help you refine your search and save you time and energy.

About Krazy Kong NFT

Ape NFTs are one of the most demanding and popular NFTs right now. This is the right time to buy NFT artwork and make some extra money. Krazy Kong NFT is one of the brand new ape NFT that portrays Krazy Kong’s deep desire to explore human life. He is constantly grabbing a plethora of information from various media like entertainment, television, cinema, and the internet. Krazy Kong is one of the modern apes who is trying to understand modern human society.

Krazy Kong NFT project is still at the early stage which provides the perfect opportunity for the investors to become early members and get special benefits and giveaways. Join the Discord community to know more about Krazy Kong.