HBAR encourages developers with Blockchain Fund

The HBAR Foundation has deployed a metaverse fund to help encourage developers of immersive experiences to design solutions for its blockchain ecosystem, a report says.

HBAR is working on accelerating use cases for the Hedera network. The Hedera Network is a distributed ledger service, providing an “enterprise-grade public network” that runs on decentralized and digital finance.

The fund is $250 million. The report notes that the foundation will also accept NFTs and decentralized financial applications. And the fund is said to have recognized the importance of virtual economies, with the allocated capital intended to give developers the ability to create new e-commerce solutions to benefit businesses, brands and the Hedera service.

The HBAR Foundation creates the fund to target B2C and B2B2C cases, which introduce users and businesses to the Hedera system and blockchain technology.

Hedera SDKs can come in many forms, allowing developers to create a wide range of immersive solutions. Use cases can range from healthcare to gaming, and groups like the British National Health Service (NHS), SAFE, and Arizona State University have already realized some of the use cases.

The Hedera platform has also encouraged video game publishers and developers to use the network to boost in-game payment experiences, with game developers also able to secure in-game digital currencies and the sale of goods. digital.

Read more: Circle to Support USDC on the Hedera Network

Circle said last year it planned to back USDC on Hedera, PYMNTS wrote.

Circle said in a press release that USDC on Hedera is available starting in October.

The company also said at the time that its developer API suite had been updated to support USDC on Hedera, with the company saying this went hand-in-hand with the HBAR Foundation, which had just been created at the time to help entrepreneurs.

Jeremy Allaire, CEO and co-founder of Circle, said USDC being on Hedera meant people would be able to take advantage of dollar digital currencies, with better access to deep liquidity overall.

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