Michiel Milder of Swirlds Labs spoke about HIP-412 and what it aims to achieve Hedera’s NFT space also registered substantial growth lately, but HBAR’s performance was sluggish Hedera’s [HBAR] recent podcast features Michiel Mulders, developer advocate at Swirlds Labs, wherein he discussed HIP-412. Special thanks to @michiel_mulders for joining us on the podcast to discuss […]
Before moving further, let’s understand what the Hedera Improvement Proposal 412 is. The primary aim ofis to standardize the way metadata gets structured for NFTs while maintaining interoperability across other chains.
During the podcast, Michiel Mulders discussed a few key points about the HIP-421, highlighting its importance and how Hedera had plans to implement it. Mulder pointed out the importance of metadata and how sometimes it becomes more important than the NFT itself, citing an example of real estate NFTs.
Santiment’s chart revealed that in the last month, Hedera witnessed a massive surge in the total number of NFT trade counts and trade volume in USD.Thanks to the hike in trade counts, the number of NFT holders also increased, which was pretty optimistic. The amount of unique addresses that bought more than $1,000 and $100,000 NFTs also rose sharply.Though Hedera’s NFT space was booming, the same can’t be said for the network’s native token, HBAR.
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