Originally published on: December 10, 2024
Launched in mid-2022, Hathor Network has successfully tokenized around $50 million worth of security assets, collaborating with major Brazilian banks like Itaú and Santander Brasil. The project underwent rigorous scrutiny and approval from the Brazilian SEC, ensuring compliance with all regulatory standards.
The co-founder and CEO of Hathor Labs, Yan Martins, highlighted the importance of these collaborations, stating, “They have actually pushed a lot of the development of blockchain projects. It’s nice to see some regulated assets being issued on the blockchain.“
In a recent AMA session, Hathor Network unveiled its innovative Nano Contracts designed to resolve common smart contract issues, offering a sneak peek into the platform’s future developments and grant programs.
Hathor Network, an initiative of Hathor Labs, is the brainchild of Marcelo Salhab, the company’s CTO, whose Ph.D. research laid the foundation for this unique layer-1 blockchain. This blockchain combines DAG and traditional block chain concepts to simplify the tokenization process significantly.
Creating tokens on Hathor Network is a breeze due to its native support, eliminating the complexities and high costs associated with traditional smart contracts. This makes it an ideal fit for handling RWAs, providing companies with a streamlined way to represent and trade assets among customers.
Martins introduces Hathor’s Nano Contracts as a game-changer for Web3 and DeFi adoption, stating, “We wanted to create something fundamentally different, making it easier for builders and developers to adopt. Nano Contracts are written in Python, a developer-friendly language, which lowers the entry barrier significantly.“
Rather than building smart contracts from scratch, developers can now benefit from pre-built contract templates or “blueprints” that can be effortlessly configured and deployed. This approach aims to encourage innovation by simplifying the technical aspects of smart contract development.
Hathor Network is actively inviting developers to test Nano Contracts and explore other platform features through incentivized testnet campaigns and grant programs. Martins emphasized the importance of engaging a diverse pool of developers to drive innovation and create products with novel perspectives.
The project’s roadmap includes the upcoming Ethereum Virtual Machine (EVM) bridge for token transfers and a unique protection mechanism against MEV, aiming to enhance scalability without compromising decentralization.
In closing, Martins reiterated Hathor’s commitment to building a more accessible and user-friendly blockchain ecosystem, ensuring that fees are not a barrier for anyone looking to utilize the network. The platform offers multiple fee payment systems to accommodate a wide range of users and use cases, ultimately aiming to drive widespread adoption of decentralized technologies.