NFT lovers, rejoice! The industry has yet another option for NFT minting and this time, it comes as Mintbar launches on the Hedera blockchain. As was recently announced, the project has launched its new app for minting NFTs called Mintbar as well as funding for 12 different projects.
How the Mintbat Works
All assets created using the Mintbar will be based on the HIP-412 standard and as Hedera Hashgraph has explained, there will be no need for technical know-how to leverage the app. Furthermore, Hedera has stated that the standard is compatible with most major marketplaces and could catapult it into more prominence within the NFT space.
🔥Introducing Mintbar: the open-source #NFT minter for #Hedera!
Created by @Ashe_Oro, Mintbar 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
— Hedera (@hedera) December 19, 2022
Along with this, the Hedera foundation has also announced support for three cohorts of projects. These projects are in the fields of Fintech, Insurtech, Greentech, Agritech, Sportstech, Mediatech, DeFi, Stablecoins, Web 3.0, Gaming, Metaverse, NFTs, DAOs, and Tokenization and this is being achieved with support from the Swiss Digital Assets Institute (SDAI).
While promoting the use of the Hedera network, the foundation will provide $250,000 for startups, $750,000 for enterprises, and up to $1,500,000 overall.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
