AI to detect fake NFTs and find NFT’s true value: bitsCrunch AMA recap

Vijay Pravin, founder and CEO of bitsCrunch was the guest of Cointelegraph's latest AMA. bitsCrunch is the blockchain analytics and forensics platform that allows to estimate NFT prices, check NFTs for fraud, get comprehensive NFT analytics and more. The company has already worked with Dapradar, Unstopabble Domains, EY, PricewaterhouseCoopers and Mastercard.Vijay discussed in detail the bitsCrunch tools available for NFT creators, builders, analytics, brands and enterprises, the state of the NFT market and its challenges. Of course, not all NFTs will make it like we see with cryptocurrencies, but the really good collections will. Look at Pudgy Penguins, which are being sold physically in Walmart stores across the US. Mocaverse, Bored Apes, a lot of blue chip NFTs are also doing really well because they have utility IP associated with them. Established brands also continue to ship into the NFT space, such as Nike, Reebok, Adidas, Mastercard and Visa, Porsche, Reddit, Starbucks, etc.If you keep looking from a positive perspective, there are still many sought-after NFTs, their floor prices might be around zero at the beginning, but you should look beyond that. Some NFTs are now trading at quite a good volume. Moreover, the moment NFTs are widely used for real-world assets, they will have a strong position in the space.