Pastel network is an NFT-focused layer-1 blockchain co-founded by Jeff Emmanuel and Anthony Georgiades.
The blockchain is a peer-to-peer, developer-friendly solution that has served as the protocol standard for Web 3 technology since its launch in May 2018.
Pastel network was created to cater to the concerns that NFTs and dApps on other blockchains face including scalability issues, efficiencies, and affordability.
To address scalability issues, pastel is designed to utilize advanced protocols available through APIs to integrate with any layer-1 blockchain and layer-2 dApps.
The Sense Protocol was developed to allow creators and collectors of NFTs to assess the relative rareness and certify the authenticity of an NFT. Sense is a deep learning technology with powerful duplicate detection systems that recognize subtle similarities between two NFTS. With sense, collectors and creators can easily detect scams, counterfeits, and copyright infringements and get a certificate of authenticity for their unique creations. Finally, the Pastel network uses the Cascade Protocol for NFT data and metadata storage. With Cascade, NFT creators only have to pay once for storage. This approach eliminates centralized points of failure, IPFS pining, monthly subscription maintenance, and 404 errors.
SmartMint Explained
In a bid to continue being the game changer in the NFT ecosystem, pastel network recently launched SmartMint, an NFT minting platform where creators can create, manage, and mint NFTs without having to write code.
With SmartMint, creators can mint NFTs on Pastel, Ethereum, and Solana. They can also launch NFT drops and list their NFTs for sale on their own site or a marketplace like OpenSea.
How SmartMint Works
The creator can easily use the automated no-code tools to create a custom NFT drop or collection using a custom smart contract on Ethereum, Solana, or Pastel.
A drop is a fixed supply smart contract. The creator decides certain factors, such as how many NFTs are created, maximum mints per address, and minimum mint price.
A collection is an open supply smart contract that is owned and maintained by a creator. Normally, the creator is the only one authorized to mint to the collection and airdrop or sell NFTs from their collection to fans.
SmartMint users need to pay for a monthly membership to access the automated smart-contract deployment tools. That being said, creators still own their smart contracts and control commissions for primary sales on third-party marketplaces.
It is also upon creators to pay for gas fees to deploy their NFTs and Smart contracts. SmartMint receives 2.5% of the primary sales when a creator withdraws earnings from their smart contract and 1.0 % on all secondary sales.
Advantages of SmartMint
1. SmartMint allows creators to retain ownership of the collection smart contract that is deployed on the user’s behalf. This gives the creator the freedom to use their NFTs in any way they like and airdrop them to fans or post them on marketplaces
2. SmartMint leverages cascade for permanent NFT data and metadata storage on a decentralized network. It also uses the Sense protocol to ensure the authenticity of all the NFTs created. Both Cascade and Sense are free to use for creators using SmartMint.
3. With SmartMint, creators don’t have to code to create NFTs; they simply upload assets add custom attributes and properties, and select the network they want to mint on.
SmartMint Beta SmartMint is currently in beta. Click here to join their whitelist for the beta release and stand a chance to receive wPSL and NFT airdrops and other benefits.