Latest NFT News

Tomochain Integrates NFT authenticity and storage protocols with Pastel Network Partnership

0

The purpose-built NFT blockchain and platform Pastel Network today announced a partnership with TomoChain, a scalable layer 1 blockchain operating through proof-of-stake consensus. Through this alliance, TomoChain will integrate Pastel’s unique Sense and Cascade protocols to enhance its capabilities in the NFT ecosystem.

Since 2018, the Pastel Network has diligently developed sophisticated technology aimed at identifying and solving major problems in the NFT and blockchain space: two in particular, digital asset authenticity and NFT storage constraints. The first of these protocols, Sense, is a near-duplicate NFT detection system that assesses the rarity of a given NFT against other NFTs across various marketplaces and ecosystems. Designed to protect users participating in these increasingly popular platforms, the Sense protocol is an important and unique tool in guarding against scams, fraud, and copyright infringement.

Inadequate storage solutions add to the woes of users on NFT marketplaces as they have led to the disappearance of digital assets. Pastel’s Cascade protocol offers a permanent, redundant storage solution that distributes NFT data in chunks across different nodes in the system. This means that even if a majority of the network’s Supernodes do go down, NFTs will be fully recoverable. Furthermore, Cascade is a pay-once and store-forever model, so users do not need to worry about ongoing maintenance.

“The partnership with Pastel Network is a welcoming one, as it aligns greatly with our development value at TomoChain. Not only that, this integration with Pastel Network will also provide a rich layer for users to have a deeper understanding of ownership, value, and scarcity, especially within the NFT Space,” said Long Vuong, Founder and CEO of TomoChain. “We are excited to see this collaborative effort take off in the near future.”

TomoChain has developed an NFT token standard – TRC721 – on the TomoChain network, expanding the possibilities for NFT platforms. One of these platforms built on the TomoChain blockchain is Pantograph, which allows users to digitize audio, video, and still images into NFTs, create NFTs without coding, buy, sell and auction NFTs, create communities on the platform, trade NFTs, and manage NFT assets. Through TomoChain’s integration with Pastel, platforms built on the former will be able to leverage Pastel’s Sense and Cascade protocols to provide native storage and the duplicate-detection verification system to their users.

“TomoChain provides robust NFT infrastructure, encouraging developers to take advantage of their versatility and adaptability” said Anthony Georgiades, Co-Founder of Pastel. “Pastel is eager to collaborate with TomoChain to provide all NFT projects housed in the ecosystem to take advantage of our unique protocols, crucial to the long term sustainability and success of the NFT space.”

About Pastel Network
Pastel is the world’s preeminent protocol standard for NFT technology. Pastel also allows for the development of third-party applications to sit on top of its Network, enabling developers to enjoy the scalable registration features, storage processes, and security of the broader ecosystem. Lightweight protocols such as Sense – which was built to assess the relative rareness of a given NFT against near-duplicate metadata – and Cascade – which conducts permanent, distributed storage of underlying NFT data – can be integrated across any native L1 blockchains or L2 marketplaces.
Pastel is an entirely native blockchain supported by SuperNodes, which provides computational resources to the network to support asset registration, distribution, and permanent storage. Pastel is managed by world-class developers, cryptographers, and technologists, supported alongside an experienced and extensive network of marketers, influencers, and third-party agencies. Pastel is backed by key stakeholders including Innovating Capital, a prominent venture fund.
For more information on Pastel Network, visit https://pastel.network/

About TomoChain
TomoChain is a scalable blockchain-powered via Proof-of-Stake voting consensus and used commercially by companies globally.
TomoChain’s mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits.




Source link

Leave A Reply

Your email address will not be published.