The Rise of AI as a Guardian in the NFT Ecosystem
Blockchain analytics for NFTs combats wash trading as AI secures 40% of transactions from scams in 2024. UnleashNFTs’ “Wash Score” detects artificial price inflation, while ItsCrunch’s behavioral analysis flags bot purchases and anomalous patterns. CEO Vijay Pravin Maharajan emphasizes human-AI collaboration prevents copy-minting and cross-chain fraud. EU’s MiCA framework now mandates NFT transparency tools, marking shift from DeFi’s “Wild West” era to regulated NFT market security requiring community oversight.