BrandShield Unveils NFT Shield™, a Free AI Solution to Monitor, Detect and Remove Digital Asset Fraud Targeting Online and Web3 Marketplaces

BrandShield (LSE: BRSD), a brand-oriented digital risk protection company, today unveils a bespoke solution aimed at the $3 billion NFT economy. NFT Shield™ is the industry’s first cybersecurity product to bring real-time intelligence and enforcement capabilities to combat digital asset fraud across major NFT marketplaces.

Using AI/ML capabilities to detect a wide array of threats like fake listings, trademark infringements, scams, impersonations and more, the company is offering the service as a free service to new and existing customers for a limited time. Those interested may sign up here: https://bit.ly/3UhKeRo

Solution Takes Dead Aim at ‘Wild West’ of Digital Asset Fraud

Over the past six months, Web3 projects have reported losses of over $2 billion to hacks and cyberattacks. With the market’s growth – analysts predict that the crypto and NFT space will be valued at $13.6 billion in the next five years – and the proliferation of digital asset fraud poses a high risk to brands, marketplaces, and customers.

While others have developed solutions to protect specific platforms, NFT Shield™, when combined with BrandShield’s website and social media monitoring solution, takes a comprehensive approach to protect against all external threats. The product is designed for brands selling NFTs and others that need to protect their brand and trademarks across NFT marketplaces, so they can defend themselves against scammers and impersonators looking to dupe customers into purchasing counterfeit products.

Features and benefits of the platform include:

• AI-based threat mapping: BrandShield uses AI to automatically prioritize threats and provide efficient and quick takedowns as they appear.

• Comprehensive threat detection: NFT Shield™ works across all NFT trading channels to stop attacks at every stage they may occur.

• Real-time trademark and fake listings enforcement: BrandShield proactively searches for and detects infringements, including logos and visual trademarks, to remove them as they surface in real-time.

“Our breadth of experience across traditional finance industries and decentralized platforms has allowed us to design a comprehensive and effective solution against the sophisticated attacks we’re seeing targeting the NFT industry,” said BrandShield CEO Yoav Keren. “We’re excited to offer this robust service as we continue our work alongside our partners to protect the integrity of the ecosystem and ensure that NFT holders’ digital assets and wallets are protected from fraudsters.”

“We’re always looking to stay on top of changes and trends happening with social commerce, and the increasing interest among consumers to own digital work and take part in the metaverse,” said Morten Serup, Senior Director of Brand Protection at Bang & Olufsen. “BrandShield has been a key strategic partner for us as we look to secure our ecosystem of products and trademarks in the digital world and build another layer of protection for our brand from impersonators and ongoing copyright infringements.”

BrandShield offers comprehensive identification and removal of threats across domains, marketplaces – like Amazon and Alibaba, and social media. The company already supports dozens of companies in the cryptocurrency industry and operates as the leading digital risk protection solution for brands like Bang & Olufsen, Levi’s, and The Sandbox – a leading decentralized gaming virtual world and a subsidiary of Animoca Brands.

In conjunction with introducing its new product, BrandShield is also proud to announce it has joined the Blockchain Game Alliance (BGA). The BGA is committed to spreading awareness about blockchain technology and promoting blockchain within the game industry. Joining other leaders in the Web3 space such as The Sandbox, OpenSea, and MetaMask, BrandShield aims to further these missions while also establishing common standards and best practices in the gaming community.

For more information about BrandShield’s NFT Shield™, please visit: https://bit.ly/3UhKeRo

About BrandShield

BrandShield is a leading cybersecurity company founded by cybersecurity experts to protect the world’s largest brands and consumers from phishing attacks, online fraud, impersonation, counterfeits, and other online threats posed by dangerous cybercriminals. Through its AI/ML platform, BrandShield identifies, tracks, and eliminates online threats for global brands and organizations, including Bristol Myers Squibb, Levi’s, New Balance, Swisscom, and the Pharmaceutical Security Institute. BrandShield is listed on the London Stock Exchange AIM under ticker symbol BRSD.

Contact Information

Eric Gonzalez

Media Contact

VSC for BrandShield

brandshield@vsc.co