Mynt, the upcoming music NFT project, has decided to move its operations to the Hedera network, a next-generation decentralized platform. This shift will enable the project to take advantage of Hedera’s advanced blockchain technology and capabilities, which will greatly enhance the security, speed, and scalability of the music NFT transactions. This move is part of Mynt’s commitment to delivering a seamless and efficient experience for users looking to buy, sell, and trade music NFTs. With this new development, Mynt is set to revolutionize the music industry with innovative NFT solutions and create exciting new opportunities for musicians, fans, and collectors alike. Stay tuned for more updates from the Mynt team!
Mynt has officially announced that it will be shifting its music NFT project to the Hedera network from Ethereum. The team has been actively connecting musicians with digital collectibles on the Hedera network to address issues such as delays in receiving payments, high fees, and complicated royalty agreements. Mynt aims to build eco-friendly NFTs to provide artists with new revenue streams and help nurture talent in the Web3 arena. The debut Founders Token NFT launch through Zuse Market is scheduled for March 23, 2023, featuring visual art, dance, videos, and music. Mynt’s move to the Hedera network was influenced by the network’s native royalties enforced on-chain and its incomparable environmental effectiveness. The HBAR Foundation’s Metaverse Fund VP, Alex Russman, expresses pleasure with Mynt’s contribution to the networking of talented artists on the Hedera ecosystem.