Bitcoin NewsEthereum NewsNFT NewsDeFi NewsAltcoin NewsBlockchain NewsPress Releases Sponsored Cryptonews Deals Industry Talk ICO newsFinance NewsTechnology News
No Result
View All Result
Monday, January 30, 2023
  • Login
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
Subscribe
Bitcoin NewsEthereum NewsNFT NewsDeFi NewsAltcoin NewsBlockchain NewsPress Releases Sponsored Cryptonews Deals Industry Talk ICO newsFinance NewsTechnology News
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
No Result
View All Result
Bitcoin NewsEthereum NewsNFT NewsDeFi NewsAltcoin NewsBlockchain NewsPress Releases Sponsored Cryptonews Deals Industry Talk ICO newsFinance NewsTechnology News
No Result
View All Result
ADVERTISEMENT
Home NFT

Hedera prepares to tap into the next big NFT wave

by Ashutosh Thakur
December 21, 2022
in NFT
130
0
Hedera Nft
153
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Hedera Virtual Currency (HBAR) announces the launch of Mintbar, a new open-source platform specializing in the non-fungible asset (NFT) market. The aim of this launch is to make the Hedera network more competitive in the NFT market and of course to attract more investors.

Launch of Mintbar, what does it consist of?

The launch of the new Mintbar.xyz platform is part of the logic of the Hedera network to deploy an offer intended for ensure faster network growth in the NFT market. The ultimate goal is of course to promote the rapid adoption of the ecosystem NFT Ivy

🔥Introducing Mintbar: the open-source #NFT minter for #Ivy!

Created by @Ashe_OroMintbar enables both technical and non-technical creators to quickly, easily, and inexpensively mint #NFTs the right way.

Try it yourself! 👉 https://t.co/ehdbOSRkurhttps://t.co/Niek3CLGpm

— Ivy (@ivy) December 19, 2022

According to the announcement, the new platform will allow all users of the Hedera network to minting NFTs easier and cheaper. The crypto community has already greeted the announcement with great optimism as it is an important step towards optimizing the performance of NFTs.

A simple, intuitive and fast application

Although this is only a demonstration project, Hedera is doing very well on this one. The platform is very intuitive, fast and easy to use. The Mintbar.xyz platform app was built to allow inexperienced users to mint new NFTs and collections of NFTs quickly and easily.

Overview Of The Minbar.xyz Platform Home Page

Open-source technology

Hedera already provides a great starting point for future deployments of NFT projects revolving around its NFT environment. the deposit official source code on Github allows any IT developer to download all the IT files and then deploy their own standalone product or simply integrate a similar platform on their own system.

Minbar.xyz is in any case only a simple demonstration product for the Hedera team. The team does not plan to maintain the project and therefore any additional functionality will need to be implemented by the community under a separate domain name.

Mintbar.xyz does not support ERC-721 NFTs

The Hedera token service, known as HTS, is one of the most successful in the world. It is particularly economical and very fast. The Mintbar platform was not designed to support ERC-721 NFTs.

This gives the assurance that each NFT will be fast, 100% green and it will only cost a fraction of the usual transfer cost. The other big advantage of this platform is that by minting native HTS NFTs, you know the exact price in dollars in advance.

Why is Hedera interested in the NFT market?

Hedera is one of the cryptocurrencies that suffered the most in 2022. The cryptocurrency Hedera (HBAR) is currently trading at $0.04275, down from $0.31 just a year ago. The data provided by the network clearly shows a sag in transaction volume in the NFT sector in the second halfcompared to the previous semester.

It is clear that the blockchain network is therefore betting on the launch of this new platform to foster the rapid adoption of its HTS technology. It wants to make its network more competitive on the market for non-fungible assets.

The platform is intended to foster the creation of NFTs by users of the Hedera network. This is an important issue for the future of blockchain technology due to the robust growth of the NFT market.

The NFT market represents a absolutely gigantic growth potential. A study by the consulting firm Emergenresearch estimates that the non-fungible asset market should continue to grow at an annual rate of 34.20% to reach a sales volume of $214.57 billion by 2030 (from $15.54 billion in 2021).

Market Overview Of Nft Market Growth (Period 2022 - 2030) - Source: Emergenresearch.com

Cryptocurrency investing is offered by eToro (Europe) Ltd as a PSAN, registered with the AMF. Cryptocurrencies are very volatile. No consumer protection.


To know more :

HBAR crypto review: should you invest in 2022?

RelatedPosts

Apple will allow external iOS applications, good news for cryptos!

Warner Music will launch NFTs on Polygon!

The App Store blocks a Coinbase Wallet update and persists on its 30% commission

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Apple Crypto
NFT

Apple will allow external iOS applications, good news for cryptos!

December 14, 2022
1.9k
Lgnd Polygon
NFT

Warner Music will launch NFTs on Polygon!

December 7, 2022
1.9k
Apple Coinbase
NFT

The App Store blocks a Coinbase Wallet update and persists on its 30% commission

December 2, 2022
1.9k
Eth Nft
NFT

Ethereum: Nearly one in two NFT transactions would be fake in October 2022!

November 24, 2022
1.9k
Robotera Pre
NFT

Already the end of Decentraland? Discover the new Metaverse that could explode in 2023!

November 17, 2022
1.9k
Opensea Reaction V2
NFT

NFT: Opensea wants to overhaul its business model in depth!

November 8, 2022
1.9k
Load More
  • Trending
  • Comments
  • Latest
-The Blockchain Cafe

Write for us – guest post

April 14, 2022
Celcryptocrash

Important Update On The Celsius Network

June 14, 2022
Tcs-The Blockchain Cafe

TCS roll-outs Quartz DevKit to help businesses build blockchain applications 40% faster

December 4, 2021
Xiomi -The Blockchain Cafe

You should know about Xiaomi Blockchain

December 5, 2021
The Blockchain Cafe

10 Things A Crypto Beginner Should Know

0
The Blockchain Cafe

Ethereum: 10 Things You Did Not Know

0
The Blockchain Cafe

What Is Ripple: Complete Guide For Beginners

0
Sto-The Blockchain Cafe

What Is Security Token Offering (STO)?

0
Bnbchain

BNB Chain becomes the largest layer 1 blockchain in the world!

December 23, 2022
Banque Crypto 1

The New Crypto Limit Standards 2025: What Will Change?

December 21, 2022
Hedera Nft

Hedera prepares to tap into the next big NFT wave

December 21, 2022
Ftx Recouvrement Don

FTX affair: donations made to politicians to be returned at all costs

December 20, 2022
Bitcoin NewsEthereum NewsNFT NewsDeFi NewsAltcoin NewsBlockchain NewsPress Releases Sponsored Cryptonews Deals Industry Talk ICO newsFinance NewsTechnology News

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Navigate Site

  • News Story
  • Blockchain
  • Cryptocurrency
  • NFT
  • Metaverse
  • DAO
  • Listicle

Follow Us

No Result
View All Result
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version