Parity Technologies joins Pastel Network to disrupt Polkadot’s NFT ecosystem

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 additional security for projects and users.

Today, developers can directly incorporate Sense, Pastel’s nearly duplicate NFT detection and counterfeit protection technology, and Cascade, Pastel’s persistent data storage protocol. Specifically, substrate-based parachains or applications built on 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 loss to which they often fall victim.

In particular, in the long term, Pastel intends to deploy its own parachain to continue to ensure interoperability with the Polkadot ecosystem in a completely trustless and decentralized manner.

“As the NFT space matures, it’s becoming increasingly clear that many projects lack adequate safeguards to protect the platforms themselves and their users,” said Nick Dunford, director of growth at Parity Technologies. “Fortunately, Pastel offers robust security protocols, which allow us to continue our mission of providing true interoperability while allowing our ecosystem to rest assured that their assets are protected.”

Parity Technologies provides decentralized infrastructure for Web3, which enables blockchains to operate together at scale. Two of the open source technologies are Substrate, a framework for building blockchains, and Polkadot, a platform that connects specialized blockchains (parachains) together. The first step in the integration with Pastel will be to develop a communication bridge that connects the Pastel Network to Substrate and is powered by Web3 APIs. This will eventually be operated by a Pastel parachain on Polkadot as part of phase II.

“Parity Technologies fills 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 on,” explains Anthony Georgiades, co-founder of Pastel Network. “Their decision to integrate our cutting-edge security protocols indicates that 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 business-critical technology to the likes of Moonbeam, Astar, Unique Network, Acala, Efinity and other parachains on the Polkadot network that support 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
The Pastel Network is a fully decentralized, developer-friendly layer-1 blockchain that serves as the premier protocol standard for non-fungible tokens (“NFTs”) and Web3 technology. Pastel infrastructure enables existing layer-1 blockchains, decentralized applications or third-party companies to protect creators and collectors. From digital collectibles and media to documents and applications, users and developers are able to certify rarity and truly store data forever. Lightweight protocols provided 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 recording capabilities, storage processes and security of the wider ecosystem. Visit pastel.network to learn more.

About Parity Technologies
Parity Technologies is a core blockchain infrastructure company. It creates an open source, creative community that will enable people to create better institutions through technology. This started with 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, which secures and connects 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 yet to be created. Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless manner via the Polkadot relay chain.
Polkadot makes it easier than ever to create and connect to decentralized applications, services and institutions. By empowering innovators to build better solutions, we seek to free society from its dependence on a broken grid where its major institutions cannot violate our trust.