INCLINE VILLAGE, Nev. - nvtip -- Phinge's® Netverse® aims to reduce fraud through its upcoming patented hardware-based verification system for all users, businesses and third-party platforms. By linking identity directly to a physical, patented Phinge device, it can eliminate the primary methods that fraudsters use to operate anonymously on other platforms.

Netverse will be a patented standalone, alternative verified platform to directly compete with the App-stores duopoly of today.

Key mechanisms for fraud reduction.

Verifies every user at signup: Unlike other platforms where creating a fake account is easy, Netverse will require a real person with a real identity to use the service.

• Hardware-based authentication: All users must register through a proprietary Phinge mobile device. This approach will bind a single, authenticated user to their actions and data.
• Eliminates fake accounts and bots: Because all users are verified individuals, the Netverse platform would be largely free of malicious bots, spam, and fake accounts that are commonly used for scams, impersonation, and fraudulent activities on existing social media and e-commerce platforms.

Creates a verified business ecosystem: The platform will extend its verification process to all third-party businesses, platforms and organizations, preventing bad actors from impersonating legitimate companies.

• Authenticates business ownership: For a business or organization to join Netverse, its ownership must be verified and linked to a Netverse verified individual user.
• Reduces phishing and scams: This process prevents fraudsters from setting up fake storefronts or websites to trick customers into giving up their personal information or money.
• Curbs counterfeiting: By verifying the identity of the sellers, Netverse could drastically reduce the sale of counterfeit or fraudulent goods and services.

Third-party platforms, including global social media platforms, could become verified platforms on Netverse, along with their users, as they would also be verified when they join Netverse. This would help reduce all the issues mentioned herein that currently plague today's technology and App-based social media and other platforms.

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Prevents identity theft and impersonation: The hardware-based verification system will make it nearly impossible for one user to steal another's identity or likeness.

• User-controlled data: Individuals would have control over their personal data, likeness and IP and their hardware-based verification would provide verifiable proof of ownership.
• Protects against deepfakes: Because Netverse's proprietary AI is designed to use verified data only, it could prevent the malicious use of deepfakes and other sophisticated forms of identity fraud.

Reduces transaction fraud: Netverse's verification and integrated payment system are designed to secure transactions and minimize fraudulent purchases.

• Secure payments: All transactions would occur within the verified Netverse ecosystem via "Phinge®Pay," with both the buyer and seller authenticated by their Phinge device.
• Prevents ransomware and unauthorized access: The authenticated nature of the ecosystem and device-based security will make it difficult for bad actors to carry out ransomware attacks or gain unauthorized access to accounts.

Safety is Paramount to Phinge.

Universal "Call For Help" Feature For Netverse Users.
Netverse users will have the ability to notify authorities when under duress through an unlock code or other measures through Phinge hardware and devices. Users will have different ways to unlock their Phinge hardware.
Code to unlock example:
Code to unlock is 12345= unlocks device
Code to unlock is 54321= Unlocks device but also notifies Netverse, authorities or both
Users can choose to use gesture, voice, words, phrases and more.
These safety feature will be built-in to all Netverse hardware.

Compliance to Government data and privacy regulations through Netverse.

Compliance to government regulations will be less burdensome to third-party platforms on Netverse. As Netverse will be compliant to all government regulations regarding data, privacy and the like, due to its patented app-less technology, all approved and verified third-party platforms that join the Netverse platform would thereby also be compliant as well.

In summary, the core of Phinge's fraud reduction strategy is its hardware-based verification system. By building its Netverse platform and ecosystem on a foundation of known, authenticated identities, including individual users, businesses and platforms, it aims to eliminate the anonymity that allows most fraudulent behavior to flourish on current App-based platforms.

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You may learn more about Netverse and it's patented, magnetically attachable smartphones and devices by visiting Phinge's websites at
https://www.phinge.com

To get on a contact list please fill out the online form here
https://www.phinge.com/netverseai.html

About Phinge Corporation

Phinge was founded and through Netverse® is being developed to disrupt today's outdated App technologies, including the App-store duopoly, by partnering with and giving its users and businesses ownership and control of their data, enhanced privacy and a better overall mobile experience including their ability to monetize it.

Phinge through its upcoming patented Netverse App-less technology platform with proprietary AI, will be a better, safer, verified and rewarding alternative platform and technology for users and third party businesses and developers to today's App stores, operating systems and ecosystems of Apple, Google and Android.

Netverse will not be an App or Super App that resides on the major technology platforms of today.

Instead, it will be a standalone, all-in-one, app-less platform, accessible only through Phinge's revolutionary, patented, Mobile Hardware which includes Magnetically Attachable/Detachable Phones, Tablets, Mobile Gaming Systems and peripherals like the stylish, wireless earbuds with interchangeable batteries and built-in sensor screens for continuous usage without recharging and Smart Watches that never need to be charged as they come with stylish external, interchangeable bezels with built~in rechargeable batteries and come in a variety of colors, patterns and finishes.

Netverse will be a verified, centralized-decentralized platform.

Centralized in the way it provides universal safeguards through verification of all users, businesses, organizations, entities and IP through Phinge's patented Netverse technologies and hardware.
Centralized because Phinge and Netverse will be compliant with all government regulations regarding data and privacy.

Decentralized because all thirty party platforms will be compliant with all government regulations regarding data and privacy as soon as they are verified and join Netverse.
Decentralized because its users, businesses, organizations and entities will have the power to live, work and thrive in a verified world.

Netverse will benefit all verified users and approved, verified third party businesses, developers and platforms on Netverse in ways not possible with today's technology including total verification of all users, businesses, organizations, platforms and entities.