bitsCrunch – The Verified Tick Of NFT Asset Security

by James · July 13, 2022

bitsCrunch is a blockchain analysis company that offers security solutions to strengthen the NFT ecosystem. Established in India and headquartered in Germany, it seeks to make data insight more meaningful and actionable through its AI-driven analytics tools and deliver reliable results to advance the industry.

With over 30 employees at its disposal, bitsCrunch has a cross-functional workforce of 25+ years of experience in data analysis, machine learning, artificial intelligence and blockchain technology. The company currently offers a selected range of SaaS model-based security solutions that address the widespread problems plaguing the NFT industry. These are:

● NFT Information Center – A B2C offer, Release NFTs is a real-time NFT Analytics dashboard and portfolio tracking that provides a comprehensive overview of NFT collections.

● AI-enhanced security feature – Shed is an AI agent that acts as a watchdog against fraudulent transactions that manipulate the amount and value of assets in the NFT ecosystem. It’s bitsCrunch’s B2B offering.

● Fair value estimation for an asset – Make liquid determines the fair value of NFTs and offers related analyzes using AI to

society. A B2B product, this real-time estimator assesses properties such as sales history, metadata and several other key features before determining the true value of assets.

● Digital asset registration system – Crunch DaVinci is an AI-based model that flags forgeries, copycats and bootleg digital art content to protect NFT artists and their creations.

The activities and resources that run this company are: –

Activities:

● Software development

● Marketing and engagement

● Team building

Resources:

● Intellectual Property (IP)

● Customer base

● Physical locations and equipment

● Government conditions

● Personnel and human resources

Why NFTs need to be secured: An overview

NFTs, or Non-Fungible Tokens, are unique cryptographic tokens found in a blockchain and have distinctive identification codes and metadata. NFTs can therefore not be replicated.

Despite being a fundamentally new technology, the growing popularity of NFTs has effectively expanded security awareness and discussion. However, the industry is exposed to inherent risks that have not yet been addressed to guarantee a completely safe ownership experience for investors.

Some of the biggest NFT risks that threaten the ecosystem are counterfeiting of digital assets, inflated asset levels and the laundry trade. Both investors, collectors and NFT projects have suffered the consequences of phishing attacks and the unavailability of relevant data. Although widespread awareness and research is needed before diving into the ecosystem, it is also important to secure NFTs by using legitimate tools and solutions that analyze blockchain data to ensure transparency and credibility of projects.

Recognizing the need, BitsCrunch has been at the forefront of the industry since 2020, developing AI-based analytical tools and securing solutions to secure NFTs, and in turn facilitating their use.

The brain behind bitsCrunch

bitsCrunch calls itself the “Guardian of the NFT Ecosystem”, and not without reason. Behind the success of the project is the professional team of highly experienced people with specialized expertise in data integrity, multi-omics, data analysis, machine learning and artificial intelligence.

The top management consists of the founder and CEO Mr. Vijay Pravin Maharajanco-founder and Chief Data Scientist Mr. Saravanan JaichandaranTechnical Manager Mr. Ashok Varadharajan, and leader of ecosystem growth Mr. Ajay Prashanth. Their consistent efforts and hard work have earned the company a number of awards and prizes, including, but not limited to, number two at an untitled hackathon in October 2020, one of the top 40 startups at the Web Summit 2020 in December 2020, and one of the best machine learning companies in Germany in January 2021,

BitsCrunch Key Partners:

● Covalent

● Polygon

● Rarible

● Now nodes

● 5th Blockchain

● Fantastic NFTs

● AlgoBlocks

Through its end-to-end services and well-planned approach to NFT security, bitsCrunch seeks to rise and grow further in the ecosystem, and eventually become the most sought after brand for Web3 developers, artists and investors.