For a full recap of May at Pastel Network, see all the exciting news below!
Development Updates
We announced the release of Matisse 2.2 in May, a major mainnet upgrade that brings significant AI/LLM functionality to the Web3 ecosystem. This update introduces a suite of AI and LLM enhancements designed to enable builders in the Web3 space to interact with these models more seamlessly and efficiently. Additionally, the update improves network stability, enhances Supernode functionality, and includes various API improvements, further advancing Pastel’s infrastructure and usability. This release marks 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!
Key Highlights of Matisse 2.2:
- AI & LLM Services via the Inference Protocol (Beta): Matisse 2.2 lays the foundation of new ticket standards and GoNode services to power the Inference Protocol — a suite of powerful and cutting-edge AI &LLM. Powered by Pastel’s Supernodes, the Beta release of Inference will be going live on Mainnet shortly and will significantly boost the network’s utility for advanced data analysis and AI-driven tasks.
- Enhanced Network Stability: The resolution of the duplicate-ticket issue is a major step in ensuring smoother chain transitions, robust network operations, improved performance and higher database integrity.
- Supernode Enhancements: Updates to the mining eligibility conditions for Supernodes will optimize their functionality and ensure consistent participation in block mining, thereby bolstering the network’s efficiency and reliability.
- API Improvements: The release features several API enhancements including improved block validation and new functionalities for services like block navigation or contract ticketing. These changes enhance developer interaction, paving the way for innovative applications.
- Efficient Storage Fee Management: Rectifying parsing errors in the storage-fee setting RPC API ensures accurate fee adjustments, contributing to reliable cost management and predictable outlays.
- Quality Assurance and Testing: The extensive Python test suite enhancements in this release underscore Pastel’s commitment to reliability and robust performance, ensuring that new features integrate seamlessly into the existing framework.
- Additional Updates: The latest release bring improvements in maintenance, security, data access, navigation, and interaction, enhancing platform compatibility and system responsiveness. Security is fortified with stricter block validation and fewer unnecessary log messages. Enhanced RPC APIs now provide better insights into transaction behavior and facilitate easier blockchain navigation and interaction, moving towards a more efficient and user-friendly blockchain ecosystem.
Business Development Updates
Significant progress has been made towards establishing a diversified Pastel ecosystem. The team is actively engaged in discussions and negotiations with several projects interested in integrating with Pastel Network and leveraging its range of innovative solutions and services. While specific names cannot be revealed at this stage, these projects offer a wide range of services, Layer-1 blockchains, AI-driven platforms, wallet providers, telecommunications, and platforms tailored for creators.
The community will be updated as these relationships mature.
Community Updates
Pastel Foundry officially launched in May, providing a dynamic community hub tailored for enthusiasts of the Pastel Network. Dive into quests, challenges, and events designed to enhance 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, check out foundry.pastel.network
Alongside the Foundry launch, we minted and sold out the 1,000-NFT Pastel Foundry collection!
These exclusive NFT badges recognize dedicated community members and unlock special benefits and perks. Congratulations to everyone who managed to mint one! If you missed out, join our community challenges on Discord for another chance to receive an NFT.
Here’s what you need to know about Pastel Foundry NFTs:
They are minted on the Polygon network for free (excluding gas fees) with a total supply of 1,000 NFTs. Foundry NFT holders gain access to a variety of perks and benefits, including exclusive quests, events, and bonus rewards.
Foundry Common Holder Benefits:
🔵Guaranteed Whitelist Slots
🔵10% Boost On All Foundry PSL Rewards
🔵2x Free Daily Spins
🔵Monthly NFT Holder Exclusive Sprints
🔵Early Access to Select Product Releases
🔵Exclusive Discord Badge + Foundry Channel Access
Foundry Rare Holder Benefits:
🔵All the benefits of Common Holders
🔵Additional +5% Boost On All Foundry PSL Rewards
🔵Rare Discord Badge + Private Founder Channel Access
Pastel in the News:
🚀 Our founder caught up with @MikeIsaac from the New York Times to share exciting insights on the future of AI! They discussed how open-source models are key to democratization, aligning with our mission of powering decentralized AI & LLM services across Web3 via our Inference Protocol. Read more 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/.
Website | Twitter | Discord | Telegram | Github | Reddit | Instagram
