Adobe Offers NFT Users To Verify Digital Artwork Through Metadata

JAKARTA - Many nonfungible token markets (NFT) allow digital collectors to identify artwork based on the wallet address of its creator through a partnership with software giant Adobe.

In an announcement Tuesday, October 26, Adobe said it would partner with major NFT marketplaces including OpenSea, KnownOrigin and SuperRare to enable users to verify the authenticity of digital content. Adobe Content Credentials may add NFT creator wallet addresses and social media information to the metadata of tokens listed on the marketplace.

"This partnership advances our commitment to empowering users with more tools as we collectively rethink how we transfer digital goods across the internet," said an OpenSea spokesperson, as quoted by Cointelegraph.

"Working closely with market leaders such as Adobe and the growing NFT community, we will continue to provide tools to increase trust and transparency across the metaverse."

This feature still appears to have the option for NFT creators to keep using pseudonyms, while they choose to display crypto addresses linked to their online identities or full, real social media profiles.

Rarible, another marketplace that offers Adobe's digital verification system, said the feature would help "fight misinformation with attribution and verifiable content correctness."

According to data from DappRadar, OpenSea is the largest NFT market by daily trading volume, reportedly over 50 million US dollars at the moment. SuperRare, Rarible, and KnownOrigin's ratings are well below with about $1 million, 328,000 and 42,000 dollars in daily trading volume, respectively.

The platform recently faced criticism from many in the crypto space after OpenSea's head of product, Nate Chastain, was accused of raising the price of the NFT he displayed on his homepage before selling it. OpenSea says its employees are prohibited from buying and selling collections displayed on their platform.