The HBAR Foundation has announced that it will team up with the Dropper NFT to launch a number of services for them. Meanwhile, the native token (HBAR) 24-hour trading volume is up 30%.

Dropper grants $5M grant to participants

The foundation said it will use its support to launch Dropper’s gaming launch pad and marketplace on their Hedera network. It added that the platform will work to move game developers, players and streamers from Web2 to Web3. The ecosystem’s users will be able to take full advantage of the efficiency of the network.

The foundation added that it will drop Dropper’s list of partnerships related to the launch soon. While Dropper emphasized that they are giving away $5 million in grants to developers, esports teams and others who will launch NFT projects on the launch pad.

HBAR price increases by 10%

After a rough month, the price of the HBAR token has increased by more than 10% in the last 24 hours. It is trading at an average price of $0.07 at press time. It has a 24-hour trading volume of over $62.1 million. Meanwhile, the HBAR token still has a market cap of over $1.49 billion.

According to the release, the Dropper NFT launch pad will enable different types of participants to launch digital collectibles without code and automated solutions. Meanwhile, Dropper offers developers a range of APIs. This will lead the publishers to enable digital transactions within the games. However, it already has a template with web tools that enable NFT transactions not only within the game but also in their web experience.

Earlier, HBAR announced the partnership with the HeadStarter. This integration allows the community to access the most emerging projects built on the Hedera network. However, it will also announce the users to support projects in public token raises.

Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email protected]

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

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