SmartMint: Pastel’s New No-Code NFT Minting Platform
Pastel network is an NFT-focused layer-1 blockchain co-founded by Jeff Emmanuel and Anthony Georgiades.
The blockchain is a peer-to-peer, developer-friendly solution that has served as the protocol standard for Web 3 technology since its launch in May 2018.
Pastel Network was created to address the concerns that NFTs and dApps on other blockchains face, including scalability issues, efficiency, and affordability.
To solve scalability issues, pastel is designed to use advanced protocols available via APIs to integrate with all layer-1 blockchains and layer-2 dApps.
The Sense protocol was developed to allow creators and collectors of NFTs to assess the relative rarity and certify the authenticity of an NFT. Sense is a deep learning technology with powerful duplicate detection systems that recognize subtle similarities between two NFTS. With common sense, collectors and creators can easily detect fraud, counterfeiting and copyright infringement and obtain a certificate of authenticity for their unique creations. Finally, the Pastel network uses the Cascade Protocol for NFT data and metadata storage. With Cascade, NFT creators only need to pay once for storage. This approach eliminates centralized points of failure, IPFS pinging, monthly subscription maintenance, and 404 errors.
SmartMint explained
In an effort to continue to be the game changer in the NFT ecosystem, the pastel network recently launched SmartMint, an NFT mining platform where creators can create, manage and create NFTs without having to write code.
With SmartMint, creators can create NFTs on Pastel, Ethereum and Solana. They can also launch NFT drops and list the NFTs for sale on their own site or a marketplace like OpenSea.
How SmartMint works
The creator can easily use the automated tools without code to create a custom NFT release or collection using a custom smart contract on Ethereum, Solana or Pastel.
A drop is a fixed supply smart contract. The creator determines certain factors, such as how many NFTs are created, the maximum number of coins per address, and the minimum coin price.
A collection is an open supply smart contract owned and maintained by a creator. Normally, the creator is the only one authorized to put into the collection and airdrop or sell NFTs from their collection to fans.
SmartMint users must pay for a monthly membership to access the automated smart contract implementation tools. That said, creators still own their smart contracts and control commissions for primary sales on third-party marketplaces.
It is also up to the creators to pay for gas fees to distribute NFTs and Smart Contracts. SmartMint receives 2.5% of primary sales when a creator monetizes their smart contract and 1.0% on all secondary sales.
Advantages of SmartMint
1. SmartMint allows creators to retain ownership of the collection smart contract deployed on behalf of the user. This gives the creator the freedom to use their NFTs in any way they want and send them to fans or post them on marketplaces
2. SmartMint leverages cascade for permanent NFT data and metadata storage on a decentralized network. It also uses the Sense protocol to ensure the authenticity of all the NFTs created. Both Cascade and Sense are free to use for creators using SmartMint.
3. With SmartMint, creators don’t need to code to create NFTs; they simply upload assets, add custom attributes and properties, and select the network they want to use.
SmartMint Beta SmartMint is currently in beta. Click here to join their beta whitelist and have a chance to receive wPSL and NFT airdrops and other benefits.
