onXRP.com Announces Innovative Improvements to its NFT Marketplace
onXRP.com, a leading technology and content platform which provides user-driven innovation to the XRP Ledger (XRPL), and Pastel Network (PSL) announced today on their official Twitter accounts that they will be working to enhance the security of the XRPL NFT ecosystem and integrate specific tools, purpose-built by Pastel, to the onXRP marketplace.
NFTs are non-fungible meaning that the metadata on chain can never be changed, however, scammers copy artwork and try to replicate collections. The Pastel Network protects against this by analyzing NFTs and identifying duplicates and scammers as well as ensuring permanent storage and security of NFTs. This exclusive partnership enables onXRP to authenticate the rareness and perform near-duplicate detection checks of all the NFTs minted on its platform and to provide lossless, permanent storage for all NFTs.
Due to the revolutionary tools of Pastel Network, the onXRP NFT marketplace ensures that exclusive NFT releases are not being outright copied or scammed. Pastel’s Sense Protocol for Near-Duplicate NFT Detection recognizes even the most subtle similarities between two digital collectibles, even if one has been transformed. The protocol goes beyond the standard “digital fingerprint” approach to establishing the rareness of an NFT, and actually looks at the rareness of the pixel patterns in data. While digital fingerprints do allow users to verify that an NFT was created by a particular creator, this is a fairly weak form of rareness. Sense solves this problem by assigning a ‘Relative Rareness Score’ to quantify how rare an NFT is relative to all NFTs in the underlying dataset.
Pastel Network is the first to have its own completely integrated, decentralized storage layer based on advanced technologies such as RaptorQ and Kademlia. Pastel’s Cascade Protocol for Distributed Storage addresses another major issue plaguing the NFT space – rug pulls and NFT disappearances. Cascade combats data losses and manipulation by offering permanent, lossless storage. It functions by distributing NFT data in chunks across different SuperNodes in the network, meaning that even if there were a network disturbance, NFTs will still be fully recoverable. As important, users only need to pay once to store forever.
In light of this new partnership, Kaj Leroy, CEO of onXRP.com said; “Security and authenticity play an increasingly focal role within the entire NFT sphere. With scams and fakes lurking around every corner, an increasing number of people have fallen victim to ever increasing complex frauds. Up until now, no established marketplace has implemented a tool like this one, and we’re proud to announce that we’re changing the game and putting ourselves ahead of scammers, fakes, and copycats. We’re excited to partner with Pastel Network, and we will work tirelessly to make the integration of their tools a seamless experience for all users and artists on the onXRP NFT marketplace.“
Co-Founder of Pastel Network, Anthony Georgiades commented; “We are thrilled to work with the onXRP.com team, they have tremendous plans for XRPL, and their NFT marketplace will feature one of the most requested and revolutionary tools available right now. Their vision of NFT decentralization aligns with ours, and we are excited to build with one of the XRPL’s most esteemed projects.”
About onXRP.com
onXRP is a technology company driving innovation on the XRPL through the integration of a Decentralized Exchange, an NFT Marketplace and other community-centered services. It also produces and publishes content about the XRPL, NFTs and the crypto industry as a whole to educate the community and lower the barriers of entry for new blockchain entrants.
About Pastel Network
Pastel is the world’s preeminent protocol standard for NFT technology. Pastel also allows for the development of third-party applications to sit on top of its Network, enabling developers to enjoy the scalable registration features, storage processes and security of the broader ecosystem. Lightweight protocols such as Sense — which was built to assess the relative rareness of a given NFT against near-duplicate metadata — and Cascade — which conducts permanent, distributed storage of underlying NFT data — can be integrated across any native L1 blockchains or L2 marketplaces.
More info: www.pastel.network
Source: https://twitter.com/pastelnetwork/status/1503771422837071873?s=21&fbclid=IwAR0-uRC0-ZwP4j8TgB3h1crLaLnMP32T9VWx55_XJMn-Du8SQqhfhQ5S4nI
Official Public Relations Announcement: Pastel Official Announcement
Media Contact
Company Name: OnXrp
Contact Person: Kaj XRP
Email: Send Email
City: Lisbon
Country: Portugal
Website: https://onxrp.com/
