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Four-month-old Doppel is helping some of the biggest NFT proje | Metaverse | Nfts | News

Four-month-old Doppel is helping some of the biggest NFT projects spot scams

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NFTs have gained popularity, so, too, has NFT fraud. Copycats can quite easily upload images to an NFT marketplace, mint them and sell them to customers for profit without verifying that those images are their own intellectual property.

While NFT marketplaces are required to comply with copyright laws, NFT fraud can be tough to spot, especially since crypto wallet addresses can't always be traced to the real identities of their owners. Doppel, a startup founded in February this year by ex-Uber engineers Kevin Tian and Rahul Madduluri, just nabbed $5 million in seed funding led by crypto exchange FTX's venture capital arm to track down counterfeit digital assets.

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