Pastel Network, a leading purpose-built blockchain and protocol standard for non-fungible tokens (“NFTs”) and Web3 technology, is teaming up with Parity Technologies.
The integration will enable both native parachains and decentralized applications across the Polkadot ecosystem to leverage Pastel’s powerful technology, providing added security for projects and users.
Today, developers are able to directly incorporate Sense, Pastel’s near-duplicate NFT detection & copymint protection technology, and Cascade, Pastel’s permanent data storage protocol. Specifically, Substrate-based parachains or applications built upon them can communicate with Pastel directly to incorporate game-changing functionality. These protocols ensure that NFTs and users are protected from fraud, data manipulation and data losses that they often fall victim to.
Notably, over the long-term Pastel intends to deploy its own parachain to continue to ensure interoperability with the Polkadot ecosystem in an entirely trustless and decentralized manner.
“As the NFT space matures, it is becoming increasingly evident that many projects are lacking adequate security measures that protect the platforms themselves and their users,” said Nick Dunford, Growth Director at Parity Technologies. “Fortunately, Pastel provides robust security protocols, allowing us to further our mission to provide true interoperability while allowing our ecosystem to rest assured that their assets are protected.”
Parity Technologies provides decentralized infrastructure for Web3, enabling blockchains to operate together at scale. Two of its open source technologies are Substrate, a framework for building blockchains, and Polkadot, a platform connecting specialized blockchains (parachains) together. The first step of the integration with Pastel will be to develop a communication bridge linking Pastel Network to Substrate and powered by Web3 APIs. This will eventually be operated by a Pastel parachain on Polkadot as part of phase II.
“Parity Technologies is filling a gap in the market by creating a more seamless and scalable Web3 via layer-0 infrastructure and inter-blockchain solutions that so many projects rely upon,” explains Anthony Georgiades, co-Founder of Pastel Network. “Their decision to integrate our cutting-edge security protocols indicates they are doing so thoughtfully and with the best interests of their developer and user communities in mind.”
Through this integration, Pastel will be able to bring its mission critical technology to the likes of Moonbeam, Astar, Unique Network, Acala, Efinity, and other parachains on the Polkadot network supporting NFTs, Gaming, and other Web3 use-cases. By integrating seamlessly with these Layer 1s, Pastel’s Sense and Cascade protocols can provide the necessary security and storage infrastructure to all DApps across the Polkadot ecosystem.
About Pastel Network
Pastel Network is a fully decentralized, developer-friendly layer-1 blockchain serving as the preeminent protocol standard for non-fungible tokens (“NFTs”) and Web3 technology. Pastel infrastructure enables existing layer-1 blockchains, decentralized applications, or third-party enterprises to protect creators and collectors. From digital collectibles & media to documents & applications, users and developers are able to certify asset rareness and truly store data forever. Lightweight protocols delivered by interoperable open APIs such as Sense and Cascade can be easily integrated across existing networks. A wide range of Web3 applications can be built directly on the Pastel Network, enabling developers to enjoy the scalable registration features, storage processes, and security of the broader ecosystem. Visit pastel.network to learn more.
About Parity Technologies
Parity Technologies is a core blockchain infrastructure company. It is creating an open-source creative commons that will enable people to create better institutions through technology. This started with work building Ethereum. Today, Parity is focused on Substrate, an industry-standard blockchain framework. It has used it to build Polkadot, a decentralized web blockchain meta-protocol, securing and connecting crypto-economies to the world.
About Polkadot
Polkadot is a platform for Web3 that enables a completely decentralized web where users are in control.
Polkadot is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created. Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain.
Polkadot makes it easier than ever to create and connect decentralized applications, services, and institutions. By empowering innovators to build better solutions, we seek to free society from its reliance on a broken web where its large institutions can’t violate our trust.
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