What: Hedera Hashgraph, the enterprise-grade distributed ledger, is hosting
Hedera21 - a virtual hackathon to showcase the tokenization of digital or physical assets. Hedera announced the hackathon with an open call for developers to build applications on the Hedera Token Service (HTS), with an opportunity to win up to $35,000+ USD in HBAR rewards.
There is vast potential in the tokenization of assets to make business processes more efficient, as well as opening up new revenue streams. HTS simplifies the issuance of native tokens, while ditching congestion and high gas fees. This comes with the added guarantee of network stability, as facilitated by Hedera s decentralized governing body of global organizations.