Artificial intelligence (AI)-based NFT authentication startup Optic has raised $11 million in a seed funding round. Reported by The Block.

The tour was led by Kleiner Perkins and Pantera Capital. Members include Greylock Partners, Lattice Capital, OpenSea, Circle, Polygon, CoinDCX, Neon DAO and Flamingo DAO.

Optical will use the funds to build the core AI infrastructure and expand the team. The project is a public release alongside new tools for NFT creators and collectors. API For web3 developers.

The company was founded in 2021 by former Google Product Director Andrey Doronichev, programmers Roman Doronin and Vlad Vinogradov. A startup is developing an AI engine to recognize NFT content.

Optic says it processes millions of tokens every day and matches them to determine authenticity. Automated monitoring tools keep markets, brands and NFT owners informed of results.

“Optics goes beyond other services we evaluate for responsiveness and matching accuracy, and this is one of the many factors that led to their decision to become their customer,” said Shiva Rajaraman, product director of OpenSea.

In June, David Finzer, founder and CEO of the largest NFT marketplace, spoke about the measures OpenSea is taking to combat fraud and plagiarism. It also announced further investment in additional solutions in this area.

In February, the platform reported that more than 80% of NFTs created using the free version option were fake or spam.

Recall that the total trading volume on NFT marketplaces in June was $1.04 billion, down 74% from the May figure. Against this background, OpenSea announced the layoffs of 20% of the staff.

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