Hedera Hashgraph (HBAR) has launched its new web app for minting its NFTs based on the HIP-412 standard, called Mintbar. At the same time, the Hashgraph Association also announced the first funding of its 12 innovative projects.
Hedera Hashgraph and the launch of Mintbar to enable the minting of NFTs
The Hedera Hashgraph network has launched Mintbar, a new web app that allows technical and non-technical creators to mint NFTs of the HIP-412 standard.
— Hedera (@hedera) December 19, 2022
Basically, mintbar.xyz is an open-sourced Hedera NFT minter built to help accelerate the adoption of the Hedera NFT ecosystem.
Specifically, NFTs based on the HIP-412 standard were recently made interoperable with industry standards so that they can be supported across all marketplaces, while now the network also wants to enable its users to be able to create their own NFTs.
Hedera (HBAR), rather than a Blockchain, is a DAG (Directed Acyclic Graphs), which uses a mathematical and computational construction to create distributed systems and networks, through sequential transactions, thus differing from blockchain technology.
Built for business, its validators are companies, while funders include giants such as Google and IBM. The network can host smart contracts and proceeds with 10,000 transactions per second, but most importantly it turns out to be zero-impact in terms of energy consumption.
Mintbar is just the first implementation of the NFT Minter application, with the hope that there will be many more in the coming months, adding various feature enhancements and a creative UI/UX.
Hashgraph Association announces funding for first innovative projects
Behind Hedera, is the Hashgraph Association, which appears to have announced funding for its first 12 innovative projects in the areas of Fintech, Insurtech, Greentech, Agritech, Sportstech, Mediatech, DeFi, Stablecoin, Web 3.0, Gaming, Metaverse, NFT, DAO and Tokenization.
It is the Hashgraph Innovation Program which is offered in close collaboration with the Swiss Digital Assets Institute (SDAI).
As such, Hashgraph will provide funding of up to $250,000 for startups, $750,000 for enterprises, and up to $1.5 million to encourage mainstream adoption of the Hedera network worldwide.
Among the funded projects are 88i, AgNext, Capturiant, Deca4, Decimal Point Analytics, Friddy, Metacourt, Nazara, NFT For a Better World, One Global, Rivia, Swiss Coast, The modus operandi, and Twigital.
In this regard, Kamal Youssefi, President of The Hashgraph Association, commented:
“One of our major goals at The Hashgraph Association is to empower organizations of all kinds to build on Hedera and to see the widespread adoption of Hedera-powered solutions across industries. The grant funding through the Hashgraph Innovation Program will enable us to fuel the further expansion of the DLT industry by actively supporting new innovation and cutting-edge projects powered by Hedera. We’re proud to play this part in the journey of promising projects and look forward to building future applications through the Hashgraph Innovation Program.”
Hedera NFTs on LG Electronics’ TV screens
Last October, Hedera (HBAR) and LG Electronics entered into a partnership to bring NFTs to television screens.
Basically, the South Korean electronics giant, had released its LG Art Lab marketplace, available on TVs in the US running webOS 5.0 and later versions.
On the new on-TV marketplace, users can buy, sell, and display their Hedera Hashgraph-based NFTs.