Hedera Hashgrapg Launches Mintbar for NFTs

by James · December 22, 2022

Hedera Hashgraph (HBAR) has launched its new web app for minting NFTs based on the HIP-412 standard, called Mint bar. At the same time is The Hashgraph Association also announced the first funding of its 12 innovative projects.

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Honoring Hashgraph and the launch of Mintbar to enable the minting of NFTs

The The Hedera Hashgraph network has launched Mintbara new web app that allows technical and non-technical creators to create NFTs of the HIP-412 standard.

🔥 Introducing Mintbar: open source #NFT coins for #Honour!

Made of @Ashe_OroMintbar enables both technical and non-technical creators to create quickly, easily and affordably #NFTs the right way.

Try it yourself! 👉

— Hedera (@hedera) 19 December 2022

Basically, mintbar.xyz is an open source Hedera NFT coin built to 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 the network now 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 construct to create distributed systems and networks, through sequential transactions, thus differing from blockchain technology.

Built for business, its validators are corporations, while funders include giants like Google and IBM. The network can host smart contracts and continues with 10,000 transactions per secondbut most importantly it turns out to be zero effect in terms of energy consumption.

Mintbar is just the first implementation of the NFT Minter application, with hopes for many more to come in the coming months, adding various feature enhancements and a creative UI/UX.

The Hashgraph Association announces funding for the first innovative projects

Behind Hedera lies Hashgraph Associationwhich seems to has announced funds for the 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.

That’s it Hashgraph innovation program which is offered up 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 Youssefipresident of The Hashgraph Association, commented:

“One of our main goals at The Hashgraph Association is to empower organizations of all kinds to build on Hedera and see the widespread adoption of Hedera-powered solutions across industries. The grant funding through the Hashgraph Innovation Program will enable us to drive forward expansion of the DLT industry by actively supporting new innovation and cutting-edge projects powered by Hedera. We are proud to play this role in the journey of promising projects and look forward to building future applications through the Hashgraph Innovation Program.”