Hedera Onboards Top Coinbase Official To Drive Growth; HBAR Price Poised For Bull Run?

HBAR Crypto News: HBAR Foundation, the development arm of Hedera, has recently been on a roll, launching new projects and developing new collaborations in order to propel the expansion of the Hashgraph technology and to bring global exposure to Hedera’s native token, HBAR. The firm has just made the announcement that they would be onboarding Brian Brooks to their corporate board to assist in accelerating the expansion of the Hedera (HBAR) network.

Brian Brooks Join HBAR Board

According to the announcement, Brian Brooks, who served as the acting Comptroller of the United States Currency and as the former chief legal officer of Coinbase, brings a wealth of experience to his new role as a board member. Brooks has substantial experience in financial policy, banking, digital assets, and Web3, and he brings this experience with him to his new role.

Read More: Over 3 Billion HBAR Tokens Set To Unlock; Massive Hedera Price Drop Ahead?

Lately, several projects across multiple sectors have launched on top of the Hedera network. These projects utilize Hedera’s core services, such as the Hedera Token Service (HTS) and the Hedera Smart Contract Service (HSCS) to eliminate the need for intermediaries and achieve lower transaction fees. Hedera anticipates that more legally compliant and Web3 breakthrough projects will pick the DLT-based network to run and operate as a result of Brooks’s election to the board of directors. Brooks has played an essential role in the development of Coinbase as well as in determining which projects are deserving of being listed on the cryptocurrency exchange.

While speaking on his new appointment, Brooks was quoted as saying:

The HBAR Foundation, through a comprehensive grant program, has successfully grown awareness, accelerated access and increased commerce in the HBAR economy. Together we will drive the industry forward to deliver on the vision of making Hedera the trust layer of the internet.

Hedera’s Growing Ecosystem

Shayne Higdon, Co-Founder and CEO of the HBAR Foundation, commented on the new development and said that the foundation is thrilled to bring Brook’s wisdom and insights to the community. According to him, the next phase of growth will see more next-generation enterprise decentralized applications (Dapps) launch on Hedera where they would be building an ecosystem together.

In addition to the current board members Shayne Higdon, Jason Loh, and Robert Migliorino, Brooks has been named to the board. It is anticipated that other noteworthy board members will also be appointed in 2023. With these recent developments as well as Dell’s recent inclusion as a new member of its governing council, many speculate that the price of HBAR will increase exponentially if the broader crypto market turns bullish. In response to this latest HBAR crypto news, Hedera is currently trading at $0.071, which represents a gain of 0.61% over the past 1 hour compared to a drop of 0.53% over the last 24 hours.

Also Read: New AI Product Sparks Optimism For Hedera; Is HBAR Price Eyeing $1?

Source