NFTs can no longer be deemed as the next phase in the ever-changing cryptocurrency landscape — the unique approach to digital asset ownership is now well-established with the potential to grow a market as large or even larger than Bitcoin. NFTs create new opportunities for digital asset ownership by offering a unique avenue to improve the control of traditional liquid assets. Since NFTs can be used to log ownership of anything, including digital purchases of lands in virtual worlds, music, and game publishing, the possibilities for NFT use cases are legitimately endless.
Millions of NFT users see the recent proliferation of the NFT market and mainstream adoption as just the tip of the iceberg for NFT expansion, but for hackers and scammers the NFT industry is a goldmine for rug pulls and an easy way to facilitate hacks. Even the most prominent NFT collections like Bored Ape Yacht Club and CryptoPunks, which boast some of the industry’s highest floor prices, have fallen victim to the predatory tactics of these scams. With this phenomenon in mind, the layer 1 NFT blockchain Pastel Network developed novel technologies that are proven to provide any user with access to a safe and secure solution for storing and authenticating NFTs.
Pastel Network has created its own purpose-built blockchain designed exclusively for NFTs, providing enhanced reliability, sustainability and transparency for the NFT ecosystem. Every NFT application that launches on Pastel benefits from the Network’s innovative protocols. These include Sense, a sophisticated verification system that can detect subtle differences in NFTs, and Cascade, a distributed storage protocol that offers an on-chain permanent solution for NFTs.
Continue reading: https://techcrunch.com/sponsor/pastel-network/this-nft-blockchain-protects-your-digital-assets-from-nft-scammers/
Millions of NFT users see the recent proliferation of the NFT market and mainstream adoption as just the tip of the iceberg for NFT expansion, but for hackers and scammers the NFT industry is a goldmine for rug pulls and an easy way to facilitate hacks. Even the most prominent NFT collections like Bored Ape Yacht Club and CryptoPunks, which boast some of the industry’s highest floor prices, have fallen victim to the predatory tactics of these scams. With this phenomenon in mind, the layer 1 NFT blockchain Pastel Network developed novel technologies that are proven to provide any user with access to a safe and secure solution for storing and authenticating NFTs.
Pastel Network has created its own purpose-built blockchain designed exclusively for NFTs, providing enhanced reliability, sustainability and transparency for the NFT ecosystem. Every NFT application that launches on Pastel benefits from the Network’s innovative protocols. These include Sense, a sophisticated verification system that can detect subtle differences in NFTs, and Cascade, a distributed storage protocol that offers an on-chain permanent solution for NFTs.
Continue reading: https://techcrunch.com/sponsor/pastel-network/this-nft-blockchain-protects-your-digital-assets-from-nft-scammers/
