• Verification of blockchain identity in NFT marketplaces assures users and creators are genuine, thus reducing fraud and fake NFTs.
• Identity checking makes it possible for an NFT platform to ensure conformance to regulations, hence providing the legal grounds for a transparent marketplace.
• With blockchain verification of digital identity, NFT marketplaces improve security and confidence between the seller and the purchaser against a number of malicious activities.
• Blockchain verification minimizes the chances of fraudulent transactions and fake identities, hence safeguarding the sanctity of the NFT ecosystem.