The Hbar Foundation puts on a meta-verse fund of $ 250 million to get large brands on board

The Hbar Foundation puts on a meta-verse fund of $ 250 million to get large brands on board

The Hbar Foundation announced on Thursday that it provided $ 250 million in a new fund that aims to include both consumer brands and their users in the meta-icing ecosystem of HEDERA hashgraph.

hbar, responsible for the development of Hedera network, said that his meta-verse find is aimed at B2C and B2B2C applications, where it is expected to integrate users "on a large scale" into web3 development.

The funds focus on the establishment of an "progressive" digital world as well as to promote and supplement projects. It also tries to support game developers who are interested in building within the ecosystem, and not to introduce fun to the developers' projects.

The financing takes place in four main areas, including games, sports, fashion and entertainment.

The Customer Relation Hip Management Platform Sayl was intended for a non-mentioned sum as one of the fund's first scholarship holders. Sayl said it wanted to be a "leading gateway" to provide web3 owner functions for "respected brands".

"We decided to build on Hedera because of its CO2 negative and company-friendly blockchain, which is tailored to security and compliance with legal regulations," said Sayl co-founder Geert Roete. "This is exactly what brands and consumers are looking for when they enter this area."

After his $ 155 million crypto-economy funds last month, HBAR hopes that his youngest fund will win more users and brands for the network, as it has an eye on growth in the fast-moving sector.

"The meta -verse will require a robust infrastructure that is committed to decentralization and at the same time remains intuitive for consumers, brands and developers," said the director of the fund, Alex Russman.

hashgraph is one of the few networks in the industry that uses a directed acyclic graph structure. In contrast to a blockchain, the main register of Hashgraph draws transactions over one another stacked vertexpoints and not along a data chain.

Due to the lack of block confirmation protocols Critics argue For bad actors who try to use and influence certain nodes to transmit incorrect data. Others argue that the network is too centralized, although Hedera and Hbar deny this and claim that both the consensus mechanism and its governance model " strongly decentralized . "

The foundation said that the design choice increases the transaction speed and efficiency if more transactions are added to the network. Hedera processes around 2.6 million transactions per day with transaction periods of about 5 seconds.

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The contribution HBar Foundation starts meta-verse funds of $ 250 million to get large brands on board is not a financial advice.