Hedera (HBAR) Update: New Launches and Tokenization

by BSC News

September 12, 2023


The recent updates highlight the Hedera Network's continued growth and innovation.

Hedera Updates

This comprehensive report will delve into the latest developments in the Hedera Network ecosystem, featuring recent platform enhancements, partnerships, and insights into HBAR's performance.

Recent Ecosystem Updates

Calaxy's Monetization Revolution

Hedera-based Calaxy, a decentralized content creators' platform, has introduced groundbreaking updates. Creators can now monetize virtually anything through Featured Experiences on Calaxy. These experiences enable creators to offer specific services within their shops, such as 1-on-1 personal training sessions or portfolio reviews. 

Each Featured Experience can be tailored with unique details and pricing, providing limitless flexibility to creators. 

TOKO and Virtuzone's Tokenized Equity Platform

TOKO, a digital asset creation engine by Hedera Governing Council member DLA Piper, has received regulatory approval from Dubai's Virtual Assets Regulatory Authority (VARA). 

TOKO has partnered with Virtuzone, a leader in business solutions, to launch Dubai's first tokenized equity crowdfunding platform. By leveraging blockchain technology, this collaboration aims to revolutionize early-stage private equity fundraising, introducing transparency and accessibility to Dubai's financial landscape.

Legends of the Past on Hedera

Legends of the Past is set to debut on the Hedera Network, combining Web3 mechanics with the familiar Web2 gaming experience. Developed with expertise from ex-Ubisoft, Tap4Fun, and Supercell, Legends of the Past will utilize Hedera Token Service to enhance its in-game economy with the $LOP token. The team's vision is to establish a sustainable economy immune to the hype-driven fluctuations often seen in the gaming industry.

Hedera's Impressive Metrics

The Hedera layer-1 blockchain has now crossed 20 billion transactions, which shows its robust performance. With the transaction count surpassing 20.9 billion at the time of writing, Hedera's transactional activity continues to rise. 

Additionally, Hedera boasts a Total Value Locked (TVL) of approximately $51.3 million at press time, with little change over the last seven days, demonstrating resilience amid recent crypto market volatility. 

Source: hederatxns

HBAR's Bearish Trajectory

Hedera's native cryptocurrency, HBAR, recently experienced a bullish trend before giving up on the bearish trend. On Sept. 10, 2023, HBAR traded at $0.04803, with a weekly low of $0.046 and a high of $0.07353. At the time of writing, Its market capitalization stands at $1,562,777,325, accompanied by a trading volume of $34,480,484. Over the past 30 days, HBAR has fallen by 16%, with a drop of  3% in the past seven days. 

Source: CoinMarketcap

HBAR rose to its all-time high of $0.4769 in September 2021. Currently, HBAR is trading at $0.04707, up 1.38% in 24 hours. 

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