Quick take:
- Blockchain Intelligence Group worked with expert collaborators across financial, tech, and law enforcement sectors to develop the tool.
- NFT Explorer has the ability to perform investigations that include NFT transfers.
- It has also partnered with Rug Pull Finder, which provides up-to-date information on projects, NFT safety, and education.
Global cryptocurrency compliance and intelligence company, Blockchain Intelligence Group, today announced the launch of NFT Explorer, its proprietary risk and investigation solution for NFTs, built on the QLUE™ data analytics platform.
To develop NFT Explorer, Blockchain Intelligence Group worked with expert collaborators across financial, tech, and law enforcement sectors. One notable collaborator was Los Angeles County Sheriff’s Department Detective Tony Moore.
“The world of cryptocurrency is rapidly evolving and so are crypto-crimes. In just a short time, I’ve handled multiple smart contract compromises and NFTs thefts, which are now quickly becoming the norm. To date, there was no graphical analytics tool that could help trace an NFT case from point of theft to the subsequent sale and liquidation of proceeds all on one graph,” said Tony Moore, Detective, Los Angeles County Sheriff’s Department.
The core capabilities of NFT Explorer include comprehensive token tracking on the ERC-721 standard, including market cap and 24-hour volume; NFT displays by collection, along with lists of token traits, including name, image, token owner, and associated transactions; as well as the ability to perform investigations that include NFT transfers.
“With true NFT (ERC-721) tracing, Blockchain Intelligence Group solves that problem. The ability to trace multiple cryptocurrencies, ERC-20 and now ERC-721 tokens all on one graph is a game-changer for an investigator,” Detective Moore added.
Blockchain Intelligence Group says that additional blockchains that support NFTs are set to be integrated into NFT Explorer in future.
With an increase in NFT use cases across real estate, art, collectibles, sports, loyalty programs, and more, vulnerability and risks for investors also increase in tandem as scams, hacks and phishing attacks are rife in the NFT space
The inherent privacy of the blockchain poses a challenge for successful risk analysis and investigation, but with the new NFT Explorer tool, users can track the ownership related to projects easily, providing increased investigative and analytical capabilities to investigators and financial institutions to make data-informed decisions about NFT projects.
Blockchain Intelligence Group also collaborated with Rug Pull Finder – which provides up-to-date information on projects, NFT safety, and education – on the development of NFT Explorer. The NFT investigator has exposed over 15 NFT scams that have stolen more than 40,000 ETH
“We’re really excited about NFT Explorer and the depth of insights it brings us,” said Nik Horniacek, CEO, Rug Pull Finder. “As a leading provider of data-driven open-source intelligence on NFT projects, being able to provide this level of information to the community and our stakeholders is invaluable.”
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