The HBAR token price witnessed some increase after the Foundation declared that it would collaborate with the Dropper NFT to launch some services for them.
Meanwhile, the 24-hour trading volume of its native token (HBAR) has increased by 30%.
Participants will receive a $5 million grant from Dropper
The foundation mentioned that Dropper’s game launchpad and marketplace will be launched on their Hedera Network. It added that the platform will also seek to transition game developers, players, and streamers from Web2 to Web3. The ecosystem’s users will be able to fully benefit from the network’s efficiency.
The foundation added that it will soon drop Dropper’s list of launch-related collaborations. While Dropper also highlighted that they will be awarding $5 million in grants to developers, esports teams, and others who will use the launchpad to launch NFT projects.
The HBAR token price rises after tough month
The price of the HBAR token has increased by over 10% in the last 24 hours after a difficult month. At the writing time, it was trading at an average price of $0.07. It has a 24-hour trading volume of over $62.1 million. Meanwhile, the HBAR token has a market capitalization of over $1.49 billion.
The Dropper NFT launchpad, according to the press release, would allow various kinds of participants to launch digital collectibles with no code and automated solutions. Meanwhile, Dropper will provide a suite of APIs to developers. As a result, game publishers will be able to offer digital transactions within their games.
However, it does already have a template of web tools that enable NFT transactions not only in the game but also on the web.
Earlier, HBAR announced its partnership with HeadStarter. The community now has access to the most recent projects produced on the Hedera network as a result of this integration. However, It will announce the users who will be supporting projects in public token raising.
