April marked another great month for Pastel with notables progress in business development, growth of the community through the introduction of the Pastel Foundry Community Hub, and significant strides in technical development for forthcoming milestones.
For a full recap of April, see all the exciting news below!
Development Updates
We announced the release of Vermeer Mainnet 2.1 in March, a major upgrade that sets new standards in the Web3 ecosystem. This update introduced a suite of enhancements designed to fortify the network’s infrastructure, streamline operations, and significantly advance its commitment to security and decentralization. With revolutionary changes to the consensus mechanism, upgrades to the Pastel Node software, and improvements across Supernode & Walletnode functionality, this release marked a significant milestone in Pastel’s journey.
The development team has been working tirelessly to build and refine new features and capabilities. Further major technical developments are in the pipeline over the next few months, so stay tuned for updates!
Business Development Updates
Exciting Partnership Unveiled: Pastel Network Joins Forces with Joystick Labs
We are delighted to unveil a groundbreaking collaboration between Pastel Network and Joystick Labs, set to reshape the landscape of interactive content streaming. This partnership centers around the integration of Cascade, Pastel Network’s decentralized permanent storage solution, into Joystick Labs’ innovative GameFi project, FREETYL.
FREETYL is an evolving platform that combines game discovery, social networking, and live streaming functionalities, catering to gamers seeking immersive experiences. Recognizing the importance of innovation and user satisfaction, Joystick Labs actively sought a solution to enrich the streaming experience while addressing the challenges associated with content storage and permanence.
This strategic alliance between Pastel Network and Joystick Labs signifies a significant milestone in advancing blockchain technology’s mainstream adoption within the streaming industry. By empowering viewers with the ability to create, own, and trade NFTs (Non-Fungible Tokens) encapsulating their cherished moments, we’re enabling deeper engagement with beloved content.
Henry Ezeh, Founder of Joystick Labs, expressed his enthusiasm about the partnership, stating, “We are thrilled to collaborate with Pastel Network and integrate Cascade into our platform. This partnership embodies a seamless fusion of gaming, streaming, and blockchain technology, poised to redefine the streaming landscape.”
Together, Pastel Network and Joystick Labs are poised to revolutionize the streaming experience, offering users unprecedented opportunities for interaction, ownership, and immersion. We eagerly anticipate the transformative impact of this partnership on the gaming and streaming communities alike.
Community Updates
Introducing the Pastel Foundry: Your Gateway to Enhanced Community Engagement and Rewards
We’re thrilled to announce the launch of the Pastel Foundry, a dynamic community hub tailored for enthusiasts of the Pastel Network. Dive into quests, challenges, and events designed to elevate your experience and foster collaboration among members.
Engage and earn through quests, daily spins, and soft staking events directly on the Foundry community hub. For more details, read our most recent blog post here.
One of the most exciting features of the Pastel Foundry is the introduction of the Pastel Foundry NFT Collective. These exclusive NFT badges recognize dedicated community members and unlock special benefits and perks, with more details to come soon.
Here’s what you need to know about Pastel Foundry NFTs: they’re minted on the Polygon network for free (excluding gas fees)with an total supply of 1,000 NFTs. The Mint will be happening soon so make sure to follow us on Discord and Twitter for updates.
Foundry NFT holders get access to a variety of perks and benefits including exclusive quests, events, and bonus rewards.
Don’t miss your chance to be part of the Foundry NFT Collective and become a Pastel champion!
Pastel Foundry’s FORGE Pre-Season Staking Challenge
We’re thrilled to unveil a new feature at Pastel Foundry: the Soft Staking Rewards Program. This is your chance to significantly boost your rewards by staking your PSL tokens!
From May 1st to May 31st, join us for the FORGE Pre-Season Staking Challenge to boost your earnings with the Soft Staking Rewards Program. Soft Staking allows you to hold your PSL tokens in your wallet, earning a proportional share of the prize pool without locking them away.
To participate in the FORGE Pre-Season Staking Challenge, you must have joined and connected your PSL wallet before May 1st.
Learn more about the Soft Staking Rewards Program and the FORGE Pre-Season Staking Challenge here.
About Pastel Network
Pastel Network is a fully decentralized, interoperable layer-1 blockchain serving as the preeminent protocol standard for non-fungible tokens (“NFTs”) and Web3 technology.
Pastel powers layer-1 & layer-2 blockchains, decentralized applications (”dApps”), or third-party enterprises with next-generation infrastructure including NFT copymint protection, permanent data storage, and more. Lightweight protocols delivered via Web3 open APIs like Sense and Cascade can be easily integrated across existing ecosystems. A wide range of applications can be built directly on Pastel, enabling developers to enjoy the NFT primitives, composability, plug-and-play modules, and security of the broader network.
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/.
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