PastelNetwork
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PastelNetwork

Pastel Investor Update

State of Digital Assets & Web3: Pastel is Poised for Rapid Growth

What’s below?

State of the Market

Impact on Digital Assets and Web3

Should I Be Worried?

Our Vision

Pioneering Web3

  • Sense Near-Duplicate NFT Detection Protocol: Deep-learning based system to assess the relative rareness between NFTs that can be used to detect scams / copyright infringement and provide certification of authenticity.
  • Cascade Protocol for Permanent NFT Data Storage: Fully distributed, permanent, and entirely redundant storage protocol. Pay once and store forever. Prevent centralized points of failure, monthly subscription maintenance, IPFS pinning, and 404 errors.
  • Pastel Developer Modules: Develop on-chain marketplaces or third-party applications directly on the Pastel blockchain, supported by a series of protocols, Web3 APIs, and RPC functionality to help builders get started.
  • Agile Smart Ticket Structure: A lightweight, flexible system of a higher-level series of tickets is leveraged to allow information to be written to and stored on the blockchain as a means of performing the necessary NFT-related information on the network.

Current Achievements

  • Improvements to NFT Minting and Collections
  • Support for NFT Transfers, Trades, and Auctions
  • Interchain account identification via PastelIDs
  • Cross-chain network access via Web3 APIs
  • Dramatic upgrades to Sense (our near-duplicate NFT detection protocol)
  • Enhancements to Cascade (our distributed NFT storage protocol)
  • User-friendly utility services via PastelUp
  • Improvements to network optimization and security

What’s Next?

  • Emergent DeFi protocols that use non fungible standards — think Uniswap V3 leveraging ERC721 for LP positions — for metadata storage on our native storage layer (Cascade) and duplicate detection (Sense) to detect on-chain over hypothecation.
  • Legal documentation tokenized to provide higher levels of security must leverage Sense for authentication.
  • Medical records as NFTs will require highly scalable metadata storage solutions on decentralized infrastructure and duplicate detection technology to ensure records are not subject to tampering or copying.
  • Traditional companies like Getty Images can utilize Sense to protect against copyright.

About Pastel Network

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Pastel

Next-gen NFT focused blockchain. Certifiable authenticity. Permanent storage. Negligible fees. Build, secure, and scale your Web3 ecosystem with Pastel.