Spam NFTs and potentially scammy collections are a significant problem plaguing NFT collectors and builders alike. Identifying spam (and, often filtering it out) is an important step developers can take to keep users safe from scams while also providing the best possible user experience. That said, it is increasingly difficult to accurately and comprehensively identify spam, especially given how many NFT collections there are and how sophisticated some of the tactics employed by bad actors and spammy collections are today.
Mnemonic’s proprietary spam detection capabilities are powered by machine learning and can detect even the sneakiest of spam NFT collections on Ethereum and Polygon, helping you create safer, even more delightful Web3 user experiences.
Help your users steer clear of spam or potential scam NFT collections by flagging NFTs in their wallet. Spam labels are available through Mnemonic’s Wallet Intelligence API and enable you to get all NFTs held by a given wallet or transfers by any given wallet enriched with spam labels.
Want to eliminate spam completely? Or perhaps create a spam “hall of shame”? Spam filters enable you to exclude or return only spam tokens when querying NFTs or transactions for a wallet. Learn how with this quick and easy tutorial.
Our proprietary spam detection capabilities were built in a wallet-centric manner and we’ve crafted machine-learning algorithms unique to both Polygon and Ethereum to ensure the most accurate solution possible.
We continue to evolve our solution to improve accuracy based on changing behaviors, trends, and feedback from our own API users.
Spam is a problem as old as the internet, so it should not be surprising that it’s made its way into Web3. As gas prices plummet, and adoption and participation in Web3 grows, spammy collections and NFTs are following suit.
A spam NFT is a type of non-fungible token that is often used in a malicious manner. Often, when we use this term it’s in reference to low-quality, fraudulent (i.e. copy-cats), or irrelevant digital assets. Bad actors may create spam for the sole purpose of exploiting or scamming others. Spam NFTs have little to no value and can be used for phishing scams, promotions of spam content/ads, or other malicious activities. It’s imperative for developers to protect users from potentially-dangerous spam NFTs, and to educate users on the importance of performing proper research before making any NFT transactions or engaging with unknown collections.