Agent Ransack

Confronting Wash Trading with an agent Ransack acting as a watchdog that flags the spoofing transactions between the traders that manipulates both volume and price of the assets in the NFT ecosystem thereby protecting the platform (marketplace’s) market mining.

Description

Agent RANSACK acts as a watchdog that flags the spoofing transactions. Between the traders that manipulates both volume and price of the assets in the NFT ecosystem thereby protecting the platform (marketplace’s) market mining. - Wash trading is a process whereby a trader buys and sells a security for the express purpose of feeding misleading information to the market. - Wash trading and ill-intentioned behaviours are the leading problems deterring new users from entering the NFT ecosystem. - The most impactful way to strengthen the NFT platform is with wash-trade detection and flagging models because Collectors and Traders are unable to make informed decisions. We are building a detailed knowledge graph of the complete NFT transaction history including transfers, wallet addresses, and reward token distributions.

Agent Ransack showcase

How it's made

- Built the knowledge graph of all the NFT transactions. - Identified multiple (wash trading) patterns within the transactions. - Extracted the wallet addresses associated with those transactions. - Flagged them as suspicious, thereby preventing the marketplace's rewards mining system from sending the rewards to those wallets. - Designed query patterns from scratch and built web application using Streamlit

Technologies used

ChainlinkCovalentETH2IPFS/FilecoinThe Graph