Impact of Deepfake technology in the NFT world

Impact of Deepfake technology in the NFT world – Mail Bonus

  • Deepfake is becoming a widely accepted technology.
  • Blockchain could be the key to solving deepfake problems.
  • Elon Musk has become the target of deep fake videos.

Have you come across a video that introduces a particular program or technology? It’s from your favorite celebrity. But we are not talking about public conventions. It’s a deep revolution where people can use popular influences and celebrities to sell things or create hype. It leaves a negative impact on the world.

There have been two recent incidents. Elon Musk was seen asking people to send Bitcoin (BTC) in a wallet and senders would receive 2 BTC in exchange. It’s an obvious socket for most people.

But then we saw another video of Elon Musk explaining BitVex, a new or fake, cryptocurrency. It was more realistic than anything we had seen before. As a result, the foundations of the NFT world were shaken.

What is Deepfake technology?

Deepfake is a collection of tools, software, or technology that often uses artificial intelligence. The goal is to convert an image or video, almost with a realistic copy. Basically, you could use your face in any video and on any person in that video or image.

Another common term for this is ‘Photoshopping’. However, Photoshopping has always been a more lively and less harmful activity. It was where you would often photoshop yourself around robots or new landscapes. The best thing you could do is improve your face and body and make it look dreamy.

Deepfake technology not only allows you to work with existing videos and photos but also create new ones. For example, in the BitVex incident, Elon Musk was not explaining cryptocurrency. There was someone else who managed to use deep fakes to look like Elon Musk. They might even repeat the voice, and that’s saying something.

The DeepSwap app

Even though we do not want to point the finger, DeepSwap is the platform that made deepfake technology more common. People could upload their pictures, or selfies, in short videos and see themselves as their favorite avatars. Examples are deep forging your face in the face of the hulk. To do something similar with Thor and so on.

Unfortunately, the intention with the DeepSwap app was to be harmless and something for fun. But the online community has shown us that anything can be abused.

The popularity of DeepSwap had a direct impact on the addition of the deep fake to the mainstream media. Something that should be wrong with turned into something more recognized activity.

Impact of Deepfake in the NFT world

We already had two cases where Elon Musk was used to promote something or cheat on people. It would be easier for anyone to repeat anyone. You could create an introductory video with deep forgery and celebrities or influencers. The majority of people will not be able to tell the difference.

This calls into question all kinds of NFT and Metaverse projects. Their reliability will be questioned. Now this could also be good as people will research better and understand the project thoroughly before investing in it.

Similarly, we could see people getting the wrong information that would lead them to invest in something or try something they would not normally do.

Blockchain prevention against Deepfake

How can blockchain save us from deepfake problems? Well, to be honest, there will always be fake videos and scams. However, by leveraging the power of DAOs, or Soulbound Tokens (SBTs), we could check the credibility of our videos.

A video created by actual project managers could be converted to NFT and sent or shared that way. It would be available on public systems and would reduce the impact of deep forgery.

Because SBTs act as permanent, non-transferable assets, we could invent something similar, a testament to the authenticity of the video in the new world.

Blockchain could help us identify genuine and genuine items on the Internet from counterfeit ones. Almost like a QR code scanner or hologram that proves quality and credibility.

The point

Deepfake is a serious concern and legal decisions need to be made against it. Women have suffered a lot from fake nudity and many other video and image processing methods. Now the NFT world is also a target.

In the future, we could see deepfake being used to play on each other’s promotional or popular projects and manipulate people. A solution needs to be found and there also needs to be consequences for the bad aspects of the digital society.

At present, it is impossible to trace the origin or creator of the deeply falsified specimens. Ergo, it is becoming increasingly important for the world to implement blockchain technology to strengthen the security and reliability of the company.

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