HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Tuesday that it has entered into a strategic partnership with Accubits Technologies Inc., a blockchain and AI development leader.
The partnership integrates the Hedera network into Accubits Technologies' cutting-edge NFT marketplace solution, marking a new milestone in Accubits' ongoing journey to enhance its global offerings and serve businesses in the rapidly expanding NFT market.
By leveraging the Hedera network's capabilities, businesses can experience predictable gas fees, thereby eliminating the volatility often seen with other blockchain networks. This feature delivers the cost certainty and stability businesses require in the dynamic and fast-paced NFT market, the HBAR Foundation added.
Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.0496 at press time, up by 2% over the last 24 hours.