The HBAR Foundation, the development team behind Hedera, announced via a blog post on Wednesday that it has supported Hash Axis to launch on the Hedera blockchain. Hash Axis is a global NFT marketplace on the Hedera network. The launch will benefit the Hedera ecosystem by leveraging HTS (Hedera Token Service) for NFT creation and HCS (Hedera Consensus Service) for transactions, 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 $0.0807 at press time, down by more than 27% over the last 24 hours.