Parity technologies

Pastel Network, one of the leading purpose-built blockchains and protocol standards for non-fungible tokens (NFTs), has announced a successful partnership with Parity Technologies to enhance security for projects and users on the Polkadot ecosystem.

In an August 15 announcement, Pastel Network confirmed the successful integration with Parity Technologies. The new integration will enable native parachains and decentralized applications across the Polkadot ecosystem to leverage Pastel’s capabilities to provide enhanced security for projects and users.

Pastel Net And Parity Tech Integration

Founded in 2018, Pastel Network is a 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 digital collectibles, media documents & applications, developers, creators, and collectors.

On the other hand, Parity Technologies is a core blockchain infrastructure company, creating an open-source creative commons that will enable people to create better institutions through blockchain technology. The blockchain infrastructure company provides decentralized infrastructure for Web3, enabling blockchains to operate together at scale.

Substrate, a framework for building blockchains, and Polkadot, a platform connecting specialized blockchains, are two of its open source technologies. Parity Technologies and Pastel will jointly develop a communication bridge linking Pastel Network to Substrate. The Pastel Network and Web3 APIs will power and operate the new communication bridge on the Polkadot ecosystem.

Data Security On Polkadot Enhanced

Under the new integration, developers will be able to directly incorporate Sence, Pastel’s near-duplicate NFT detection and copymint protection technology, and Cascade, Pastel’s permanent data storage protocol. These functionalities will offer users NFT protection from fraud, data manipulation, and uncertain data losses.

While commenting about the new integration, Anthony Georgiades, the 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.”

In turn, Nick Dunford, the Growth Director at Parity Technologies, expressed his fascination with the new integration, adding:

“As the NFT space matures, it is becoming increasingly evident that many projects lack 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.”

In the meantime, Pastel Network anticipates leveraging the new integration to bring its mission-critical technology to popular protocols such as Moonbeam, Astar, Unique Network, Acala, Efinity, and other parachains on the Polkadot network supporting NFTs and Gaming. As a result, the joint effort will provide the necessary security and storage infrastructure to all DApps across the Polkadot ecosystem.

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