{"id":12706,"date":"2022-08-03T18:54:58","date_gmt":"2022-08-03T18:54:58","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/a-new-web3-email-design-aims-to-tackle-nft-fraud\/"},"modified":"2022-08-03T18:55:00","modified_gmt":"2022-08-03T18:55:00","slug":"a-new-web3-email-design-aims-to-tackle-nft-fraud","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/a-new-web3-email-design-aims-to-tackle-nft-fraud\/","title":{"rendered":"A New Web3 Email Design Aims to Tackle NFT Fraud"},"content":{"rendered":"
Fraud in Web3 is, to put it mildly, a problem. In the first six months of 2022, Web3 projects lost a total of $2 billion to hacks and other fraud schemes, according to a report by the blockchain auditing and security company CertiK.<\/p>\n
Given that Web3 is still an emerging space, it\u2019s unsurprising that a significant portion of these losses come from an abuse of communication logistics in the NFT space. Hackers repeatedly target project Discords and fill them with malicious links; wallet interfaces have such a lousy track record of being used against NFT community members that companies are urging users to read the fine print before conducting transactions.<\/p>\n
Suffice to say, it\u2019s all a bit haphazard. But it\u2019s precisely the lack of a cohesive and secure communications apparatus in the crypto and NFT space that the Web3 startup EtherMail aims to address.<\/p>\n
Founded in late 2021 by Shant Kevonian and Gerald Heydenreich, the company aims to be the first Web3 email solution to set a new standard for anonymous and encrypted wallet-to-wallet communication, according to a press release shared with nft now.<\/p>\n
The service, which is still in beta testing, allows users to \u201cclaim\u201d their Web3 email address at ethermail.io and access it via a familiar email client of their choosing, or by using EtherMail\u2019s own client. To claim an address, users log in with their wallet of choice and sign a transaction agreeing to the service\u2019s terms and conditions.<\/p>\n