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Crypto Foundation “HBAR” Launches “Metaverse Fund” Worth $250 Million

Crypto Foundation “HBAR” Launches “Metaverse Fund” Worth $250 Million

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Answer Crypto Foundation “HBAR” Launches “Metaverse Fund” Worth $250 Million

The HBAR Foundation, which oversees the development of the Hedera network, has launched a $250 million Metaverse Fund, which aims to integrate the Metaverse universe of Hedera Hashgraph consumer brands.

I told The Foundation said that the funding from the “Metaverse” fund amounting to 250 million dollars will be used in four areas:

Games, sports, fashion and entertainment.

This is the foundation’s largest fund to date, and follows the launch of a $155 million DeFi fund in late March.

The HBAR Foundation is an independent nonprofit organization that amplifies the power of integration to help builders and innovators overcome the challenges of bringing their ideas to market.

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The HBAR Foundation is accelerating adoption of the Hedera ecosystem.

HBAR, which is responsible for developing the Hedera Network, said the Metaverse fund targets applications and services from businesses to B2C and B2B2C individuals and wants to integrate users into Web 3 development at scale.

According to the statement, the Foundation, through the fund, focuses on building an advanced digital world, advancing the ecosystem by supporting and completing projects to support game developers within the ecosystem and integrating NFT into their projects.

According to Alex Rosman, Vice President of HBAR:

They see the potential of Web 3, so they incorporate NFT tokens into this offering, being a handy service that allows a large organization to understand how digital tokens relate to and fit in with their business.

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