PHOENIX, AZ, December 31, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – RAADR, Inc. (OTC PINK: RDAR), a technology and software development company that uses artificial intelligence to monitor cyberbullying and social media platforms, today commented on the critical importance of extending the capabilities of its proprietary machine learning code to NFTs and other potential online dangers related to the Metaverse.
An NFT is a pseudonym for a non-fungible token. A non-fungible token can be anything of value that is stored in digital form and / or validated on a blockchain. Although NFTs are still largely associated with “works of art”, which most people know, NFTs can be anything that is stored in digital form on a blockchain. For example, a ticket for a sporting event can be saved as an NFT. A house deed can be saved as an NFT. An example that extends the use of NFTs are serial numbers on expensive assets like a Rolex watch. Imagine if the owner and serial number of a Rolex watch are now secured on a blockchain, the same technology that makes cryptocurrencies almost impervious to counterfeiting. Blockchain can easily confirm the owner of a Rolex watch.
A blockchain is a decentralized, distributed, and often public digital ledger made up of records called blocks that are used to record transactions. A blockchain makes it theoretically impossible to create an unauthorized transaction due to the way blockchains are stored. Each block contains data (e.g. art), a unique hash (a complicated ID number as unique as a fingerprint), and the previous hash. Each block records the hash of the previous block. So, in order to create a fake block, you would have to do two things. First you would have to repeat the previous work on each block. Second, the majority of the people in the block must agree to the block. In a real-world example, a famous artist is selling a painting through an NFT. He creates an NFT with data about his painting and a hash. The original block is called the Genesis Block. Now imagine that every time the painting is sold, the sale creates a block of the painting data, including the owner’s name, hash, and previous hash. Now imagine if someone wants to manipulate a block by adding a new block and saying that they are the owner of the painting. Once you’ve created a block, you need to create a “hash”. If the hash has not been validated by the blockchain, this forged hash will invalidate all previous hashes and all previous blocks. In order for the fraudster to try this at all, the fraudster must then repeat the work on each previous block in order to validate all previous hashes (so-called proof of work). Then 50% of all people in the block have to approve the block. Since each new block must reference the hash of the previous block, any forged block with a forged hash must contain a proof of work and must also be validated by the majority of the block.
Blockchains are the backbone of all cryptocurrencies and NFTs and will be a big part of the new metaverse. Unfortunately, technology has attracted NFTs to predators that pose a threat to children, such as child pornography providers. Search the internet for NFTs and child porn and any reader can find the growing number of articles on the subject. RAADR, a company focused on protecting children through its app due to be released in January 2022, has started crawling blockchain networks to integrate RAADR’s suite of machine learning code to search for specific Types of NFT content to scan. This will be the first step in helping parents keep their children safe in the new Metaverse.
Jacob Dimartino, Chairman and Chief Executive Officer of RAADR, Inc. stated, “While we are at the beginning of our NFT scanning skills in the Metaverse, it is critical that we begin this effort now. NFTs will be the next platform to put kids at risk by selling illegal and embarrassing photos through NFTs, and it’s important that we don’t lag behind on these skills for our suite of apps. We are pleased that we can pass this news on to investors. It is important for investors to know that we understand this changing world and expect us to stay one step ahead in protecting children. It is important that I emphasize that while we are still at the beginning of our NFT scanning skills, we are excited about the initial feedback from our technology team. “
For more information, please click the link to watch a short video on the release of the RAADR Parent Monitoring App 2.0: http://www.thebullyapp.com
About RAADR, Inc.
RAADR, Inc. publishes software and apps to help protect children using social media and the Internet. Known as the “Internet Anti-Bullying Company,” RAADR manufactures products that enable children, parents, and school districts to monitor online bullying and other threatening behavior in real time. Equipped with many functions, including keyword tracking, real-time alerts, facial recognition and site filtering, RAADR’s apps determine in real time whether children or young adults are victims of stalkers, bullies and other threatening behavior. Parents love the facial recognition feature because the app allows parents to upload the child’s picture in seconds and parents can be equipped with one of the most powerful tools available to view every time their child’s picture appears on a social media site To receive notifications. RAADR Parental 2.0, the parenting app that helps parents and adults protect children through real-time social media monitoring, will be released sometime in late 2021. Bully RAADR, which equips children with the powerful RAADR product suite, enables children to protect themselves and other children to be free from threatening and dangerous behavior on the internet and social media by spring 2022. RAADR Inc. is sitting down to make our world and social media a safer and better place for children and young adults.
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