We understand why the world has gravitated towards Ethereum-based digital art solutions so far— it is very quick and easy to develop on the Ethereum platform as specialized Ethereum smart contracts. This allows such a rare art platform to “piggy back” on the existing security and infrastructure of Ethereum. Perhaps more importantly, it also provides a liquid and native currency, ETH, that can be easily used to purchase and sell the artworks registered on such a platform. However, we believe that this ease of use and speed/convenience come at an extremely high price, which ultimately makes it the wrong approach.
This wallet software exposes a user-friendly and intuitive interface that makes it easy for users to perform various tasks, including:
Third parties are encouraged to build on Pastel to add various optional or convenience services to the system, or to directly deploy third-party applications. The Pastel team has open sourced a series of tools, well-documented APIs, and RPC functionality to help builders get started.
A third party talent agency could maintain a site for its clients, who could then access the network through the agency’s Pastel account. Such a system would automatically perform the various, underlying NFT actions on the Pastel blockchain via direct RPC and API calls. In effect, any platform can have the system perform actions on their behalf on the Network, such as generating a PastelID for the user and registering an artwork on the Pastel blockchain - with all settlement logic abstracted from the native builder.