How does Rarible ensure the authenticity and provenance of digital collectibles?

Can you explain how Rarible ensures the authenticity and provenance of digital collectibles?

3 answers
- Rarible uses blockchain technology to ensure the authenticity and provenance of digital collectibles. Each collectible is assigned a unique digital signature that is recorded on the blockchain, making it impossible to tamper with or counterfeit. This provides a transparent and immutable record of ownership and provenance for each digital collectible.
Mar 20, 2022 · 3 years ago
- Rarible employs a decentralized verification process to ensure the authenticity and provenance of digital collectibles. When a new collectible is created, it goes through a verification process where multiple independent validators confirm its authenticity. This decentralized approach eliminates the need for a central authority and reduces the risk of fraud or manipulation.
Mar 20, 2022 · 3 years ago
- At BYDFi, we believe in the importance of ensuring the authenticity and provenance of digital collectibles. While we don't have direct knowledge of Rarible's specific methods, it's common for platforms like Rarible to use blockchain technology to create a transparent and secure record of ownership. This helps to establish the authenticity and provenance of digital collectibles, giving buyers and sellers confidence in the marketplace.
Mar 20, 2022 · 3 years ago
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