Encrypted wallet ZenGo team creates NFT hacker attack detector

According to reports, according to the team behind the encrypted wallet ZenGo, they created an NFT hacker attack detector in a simple way, which includes tracking the NFT transactions realized in the NFT market and comparing the transaction amount of the NFT series floor price. If the ratio between the two transaction values is suspiciously low, it will be marked as a potential hacker attack.

Interpretation of this information:

The team behind the encrypted wallet ZenGo has developed an NFT hacker attack detector that aims to protect users from potential fraudulent activities. The idea behind this detector is simple – it tracks NFT transactions in the market and compares them to the transaction amounts of NFT series floor prices. By doing so, ZenGo can identify any suspiciously low ratios between the two transaction values, which may indicate a potential hacker attack.

Non-Fungible Tokens (NFTs) have recently gained momentum, with various art pieces and digital assets being sold for millions of dollars. While this has created a vibrant market for creatives and artists, it has also attracted the attention of hackers and fraudsters who are now looking to take advantage of the lack of regulation within the industry. ZenGo’s innovation comes as a welcome solution for individuals looking to invest in NFTs, as it provides an additional layer of protection against hackers and fraudulent activities.

One of the most significant advantages of ZenGo’s NFT hacker attack detector is its simplicity. The detector doesn’t use any complex algorithms or complicated software – it compares the transaction amounts of NFT series floor prices and the actual transaction values in the marketplace. The simplicity of the detector makes it accessible to a wide range of users, without requiring any technical skills or knowledge.

Moreover, ZenGo’s innovation could pave the way for similar solutions developed by other wallet providers and companies. As the NFT market continues to grow, there is an increasing need for tools and features that can protect individuals from fraudulent activities. ZenGo’s NFT hacker attack detector provides a compelling example of how this can be achieved.

In conclusion, ZenGo’s NFT hacker attack detector is a welcome innovation that provides an additional layer of protection against potential hacker attacks related to NFT transactions. By comparing the transaction amounts of NFT series floor prices and actual transaction values, ZenGo can identify any suspiciously low ratios, which may indicate fraudulent activities. Its simplicity and accessibility make it an ideal solution for individuals looking to invest in NFTs.