Hedera Hashgraph continues to “spend heavily” $ 250 million as a fund for metaverse advancement

A number of days following the $ 155 million DeFi fund, Hedera Hashgraph designed a $ 250 million fund to produce the metaverse section.

On the evening of April seven, the HBAR Foundation, the organization behind the Hedera Hashgraph (HBAR) blockchain platform, announced that it will dedicate $ 250 million to the “Metaverse Fund”.

This fund was designed to target tasks they are preparing to produce in the discipline of Web3 – focusing on video games, virtual globe metaverse, NFT, interactive solutions for supporters and sports activities – to entice them to check out the internet site. Hedera Hashgraph.

The to start with corporation to get funding from the Metaverse Fund is Sayl, a corporation that is assisting additional than 300 manufacturers entry NFT for promoting.

Notably, this is the 2nd grant announced by the HBAR Foundation in latest days, following the $ 150 million fund to assistance DeFi applications on Hedera Hashgraph on March 29.

According to Coinlive statistics, at least 13 NFT / metaverse game advancement money from significant gamers have been announced in latest months, together with KuCoin ($ one hundred million), Chromia / My Neighbor Alice / Mines of Dalarnia (USD 80 million) ), Chromia / My Neighbor Alice / Mines of Dalarnia ($ 80 million) USD), Hashed ($ 200 million), Animoca Brands / Binance Smart Chain ($ 200 million), Gala Games ($ one hundred million), Solana Ventures (two money totaling $ 250 million), FTX Ventures ($ two billion), The Sandbox ($ 50 million), GameStop ($ one hundred million), Animoca Brands ($ thirty million), Gala Games ($ five billion), Qualcomm ($ one hundred million).

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