The distinction in terms of scalability has always been made between the blockchain and cryptocurrency. However, now stakeholders are increasingly recognizing that it is essential to talk about the scalability of all assets for the holistic development of the crypto industry. Thanks to its network based on the enterprise-grade, Hedera is perfectly aligned to realize this dream and make cryptocurrency a new norm.
HBAR Foundation has come up with the allocation of $155M, which will be utilized in 2022 to enhance the adoption of HBAR and other broader aspects of the crypto economy. The foundation has come up with a crypto-economy fund that will be specifically focused on the production and consumption of cryptocurrency among the target audiences.
The specific distinction in the approach of HBAR toward digital assets lies in its perspective on the different aspects of streamlining adoption: building, using, trading, and investing. The organization will focus on these particular aspects and has identified the following specific areas for development:
- The building will focus on improving the tools developers require to build an ecosystem of services on Hedera.
- Using will be focused on enhancing the utility of HBAR by enabling its integrations along with the new partner and platforms.
- The function of trading will be specifically focused on advancing the activities related to building markets that include centralized, decentralized, secure, and synthetic markets, among others.
- On the other hand, investing will be specifically looking into prioritizing the composability of the Hedera so that the maximum utilization of the DeFi capability of the token can be achieved besides facilitating the interoperability generation and liquidity among the decentralized resources.
HBAR Foundation has already started several key initiatives that will power the adoption and growth of the network in 2022. Some of the initiatives include focusing on enhancing retail access for mainstream customers and establishing opportunities related to the field of yield generation in a systematic, incremental, and modular manner. For this specific step, the company has joined hands with Stader, which will pave the way for the exchange between the different stakeholders in the Hedera ecosystem. Another key initiative is to provide both centralized and decentralized liquidity to prospective customers, and to that end, the company has already allocated a $60M fund.
These initiatives will go a long way in order to make the adoption of cryptocurrency a reality soon in the future. Other players in the industry also need to take a cue from these initiatives and must come up with a comprehensive framework that will help the adoption of cryptocurrency assets among a wider range of audiences. This is specifically true for the developed economy, where cryptocurrencies have been approved by some regulators and can be used without any kind of legal complications.