NFTs: Parity Technologies, Pastel Network to Enhance Polkadot’s NFT Ecosystem

Pastel Network, a 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.”

Nick Dunford, Growth Director at Parity Technologies, said:

“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. 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.”

Anthony Georgiades, co-Founder of Pastel Network, remarked:

“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. 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.”

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