Altcoin Hedera Hashgraph, which is 34th in terms of market ranking, states that it will put $ 250 million for the development of HBAR tokens on Thursday. Thus, HBAR is also following the metaverse trend with its latest venture fund. The details of the statements regarding the fund launched by the popular cryptocurrency are in the continuation of our news.
Notable metaverse fund from HBAR
A recent announcement by the Hedera Hashgraph (HBAR) Foundation, the altcoin’s network is a $155 million “Crypto” focused on decentralized finance (DeFi). The “Economic Fund” came just a week after it launched. According to a press release from the Altcoin company, the metaverse fund will be used for “games and virtual worlds, consumer brands and collectibles, sports and entertainment” to Hedera’s users to Web 3 and its ecosystem.
Altcoin project Hedera Hashgraph (HBAR), which attracted attention with its metaverse fund, is known for its Blockchain-like distributed ledger technology (DLT), which has recently been made compatible with the Ethereum Virtual Machine (EVM). With a suite of major token incentives, the developers of the altcoin network want to attract apps that prefer it to other chains.
First grant from altcoin’s fund awarded to NFT-focused Sayl
Alex Russman, vice president of Hedera Hashgraph (HBAR) Foundation, said in an interview that he explored the entire metaverse space for applications that bring new users to Web 3 expresses that they see it as a piece that covers everything. Russman adds that he sees 2021 as the year of NFTs and 2022 as the year of their enterprise implementation. According to the press release, the first grant from the altcoin-launched new fund went to Sayl, who is known for helping brands use NFTs and partnering with over 300 companies.
HBAR Foundation vice president Alex Russman, whose statements we follow closely as Cryptokoin.com, states that two areas Hedera is particularly interested in are virtual fashion and gaming. These sectors appear to be among companies with which the company already has good relations. Game giant Ubisoft is one of 39 companies in Hedera’s “Governance Council” group. Ubisoft joined the council a little over a month after its own NFT debacle in December.
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