Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

USDC Stablecoin Arrives on Hippo Chain Testnet

06/07/2025

SEC Commissioner Hester Peirce Says “We Can’t Ignore It” in Bitcoin 2025 Fireside Talk 

06/07/2025

Charles Hoskinson Confirms Cardano–Litecoin Collaboration for DeFi Expansion

06/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    SEC Commissioner Hester Peirce Says “We Can’t Ignore It” in Bitcoin 2025 Fireside Talk 

    06/07/2025

    Is BTC’s Rally Sustainable or Due for a Pullback?

    06/07/2025

    Former PayPal CEO Makes Exciting Predictions About Bitcoin

    06/07/2025

    the DAO based on Bitcoin integrates with Reown

    06/07/2025

    Tom Lee Says Ethereum Could Be the Next Bitcoin

    05/07/2025

    Why Is Ether Struggling Near $2,400 Even as More Firms Add ETH to Their Treasuries?

    05/07/2025

    Ethereum dev Zack Cole launches initiative to fund ‘tokenless’ projects, promote ETH burning mechanisms

    05/07/2025

    Ethereum (ETH) Price Prediction for July 3

    05/07/2025

    Charles Hoskinson Confirms Cardano–Litecoin Collaboration for DeFi Expansion

    06/07/2025

    Chainlink CCIP Launches on Solana, Linking $19B in Assets

    06/07/2025

    Ripple CEO Reacts to Major XRP Milestone

    06/07/2025

    XRP Healthcare Moves Toward Public Listing with AAJ Capital Merger

    06/07/2025

    Top NFTs Trending Today, Courtyard Leading the Pack

    06/07/2025

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    05/07/2025

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    04/07/2025

    Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

    04/07/2025

    USDC Stablecoin Arrives on Hippo Chain Testnet

    06/07/2025

    SEC Commissioner Hester Peirce Says “We Can’t Ignore It” in Bitcoin 2025 Fireside Talk 

    06/07/2025

    Charles Hoskinson Confirms Cardano–Litecoin Collaboration for DeFi Expansion

    06/07/2025

    Is BTC’s Rally Sustainable or Due for a Pullback?

    06/07/2025
  • Blockchain

    USDC Stablecoin Arrives on Hippo Chain Testnet

    06/07/2025

    Aicean and MOMO.FUN Join Forces for Web3 Innovation: AI Meets MemeFi

    06/07/2025

    Ispoverse Taps Conflux Blockchain for Scalable, Secure Web3 Gaming Infrastructure

    06/07/2025

    Bitget Wallet cuts on-chain TRON USDT transver costs by 50%

    06/07/2025

    SpoonOS and DBOS partner to support durable AI agent applications

    06/07/2025
  • DeFi

    DeFi Is outpacing Bitcoin’s maximalist mindset

    06/07/2025

    Janus Henderson Launches First Native Onchain AAA CLO Strategy

    06/07/2025

    ‘If I lose, DeFi dies with me:’ Tornado Cash co-founder doubles down on innocence ahead of trial

    05/07/2025

    Ethereum DeFi Project Ondo Aims to Take on Robinhood With Jump Into Tokenized Stocks

    05/07/2025

    Stablecoin banks like Erebor could inherit DeFi’s weakest links, says Web3 security firm

    04/07/2025
  • Metaverse

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025

    Mark Zuckerberg Unveils New Meta AI Lab After Poaching OpenAI Talent

    01/07/2025

    Can China’s MiniMax-M1 AI Topple US Rivals? We Put It to the Test

    28/06/2025

    Meta and OpenAI Use of Copyrighted Books for Training AI Was Fair Use: Federal Judge

    26/06/2025

    How to Get Your Chatbot to Talk Dirty

    18/06/2025
  • Regulation

    Circle IPO delivers 4x return for Sigil Fund

    05/07/2025

    Circle’s IPO success marks the start of crypto listing surge

    05/07/2025

    Saylor to Jim Chanos: Three ways your MSTR short is doomed

    05/07/2025

    Ripple’s Brad Garlinghouse Says Circle IPO Signals U.S. Stablecoin Regulation Ahead

    05/07/2025

    Bank of Korea Governor to Meet Bank Chiefs as Stablecoin Debate Heats Up

    05/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Stablecoins power 75% of crypto payments across Europe, report shows

    06/07/2025

    Coinbase is Driving Adoption of Circle’s USDC for Payments, Financial Services: Bernstein

    06/07/2025

    Robinhood’s OpenAI Token Transfer Linked to Wallet with Interesting On-Chain Past

    06/07/2025

    PancakeSwap Hits Record $325 Billion in Monthly Volume

    06/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Why loyalty is becoming web3 gaming’s next essential layer

    06/07/2025

    FLOKI Advances Blockchain Gaming Ambitions With Valhalla Mainnet Launch and Esports Partnership

    05/07/2025

    Neural Expands to Solana with AI Game Creation Tools and Multi-Chain Support

    05/07/2025

    HeLa Space and Onmi Upgrade AR Gaming Experience with Web3 Adventure

    04/07/2025

    Satoshi’s Bitcoin Mining Costs Were Shockingly Low, Cardano Co-Founder Reveals

    06/07/2025

    Bitcoin Hashrate Revs up 88 EH/S Since the Low as Miners Race Toward Profitability

    06/07/2025

    Another Solo Bitcoin Miner Beats the Odds, Winning $350K Jackpot

    05/07/2025

    World Famous E-Sports Giant Announces It Will Enter Bitcoin Mining Industry! Here Are the Details

    05/07/2025

    Can The SEC Vote To Continue Appeals Process In Ripple Case?

    05/07/2025

    GENIUS Act and CLARITY Market Structure Bill

    05/07/2025

    Celsius advances in court against Tether for $4 billion

    05/07/2025

    After 5 Years Battling the SEC, Has XRP Come Full Circle?

    05/07/2025

    USDC Stablecoin Arrives on Hippo Chain Testnet

    06/07/2025

    SEC Commissioner Hester Peirce Says “We Can’t Ignore It” in Bitcoin 2025 Fireside Talk 

    06/07/2025

    Charles Hoskinson Confirms Cardano–Litecoin Collaboration for DeFi Expansion

    06/07/2025

    Is BTC’s Rally Sustainable or Due for a Pullback?

    06/07/2025
  • MarketCap
NBTC News
Home»NFT»HIP-850 Empowers NFT Users with Dynamic Functionality for Web3 Use Cases
NFT

HIP-850 Empowers NFT Users with Dynamic Functionality for Web3 Use Cases

NBTCBy NBTC12/09/2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • The Hedera team has introduced HIP-850, which will be implemented on the mainnet as part of the upcoming v0.53 upgrades.
  • The upgrade allows supply keys to update NFT metadata as long as the token remains in the treasury account for more dynamic NFT data management.

Hedera has announced HIP-500, the latest upgrade that allows users to enjoy more dynamic management of NFT data, the latest development in one of the world’s most innovative blockchain networks.

The Hedera revealed that HIP-500 will be implemented as the network welcomes the v0.53 upgrade, saying it will “empower NFT users and issuers with greater flexibility & control without compromising integrity or immutability.”

🛠️ Dynamic #NFT functionality is beneficial – in some cases, essential – for certain #web3 use cases.

Extending this, HIP-850 empowers NFT users and issuers with greater flexibility & control without compromising integrity or immutability.

Learn more ➡️ https://t.co/CvtjwfVHtL pic.twitter.com/3Q9C8WB87U

— Hedera (@hedera) September 11, 2024

HIP-500 will grant supply keys the ability to update NFT metadata which are held in a treasury account. In Hedera, supply keys are the keys that can change the total supply of a token by minting and burning the token. A treasury account, on the other hand, receives teh initial supply of any token and any additonally-minted tokens.

In an accompanying blog post, the Hedera team revealed that, essentially, HIP-500 gives the supply keys the ability to execute TokenUpdateNftsTransaction, which “updates the metadata property of non-fungible tokens (NFTs) on the Hedera network.”

The new proposal intends to enable more controlled and dynamic management of NFT data without compromising the token’s trust or integrity.

This proposal offers a solution for stakeholders seeking to evolve NFT functionality while maintaining the core principles of immutability once the NFT has been distributed.

HIP-850 Empowers NFT Users on Hedera

When minting an NFT on Hedera, a user can specify MetadataKey and/or an AdminKey. The two allow the user to alter the metadata after mining the token and at the NFT collection level. Additionally, the MetadataKey can also alter metadata at the NFT serial number level.

However, these keys can pose a challenge when the end owner of the NFT requires a guarantee that the token’s metadata can’t be altered post-distribution. HIP-500 introduces a SupplyKey that can alter metadata at a more advanced level, empowering the users.

The team notes:

By enabling the Supply Key to modify NFT metadata within the treasury account, this HIP provides a solution to these limitations. This approach introduces flexibility while maintaining data integrity post-distribution; it ensures that once an NFT leaves the treasury account, its metadata is immutable, preserving the integrity of the asset once it is distributed to the end-user.

HIP-500 isn’t just a technical achievement—it has practical applications. For instance, think about an NFT for an event ticket: initially, the NFTs are minted with minimal details as they haven’t been purchased. However, once an attendee purchases the NFT ticket, they need it to be altered so that their details, such as name and phone number, can be included.

In gaming, an in-game item, such as a gun or sword in an action game, can be minted with basic attributes. However, as the player advances in the game or purchases more attributes, the NFT can be altered to change its metadata with the SupplyKey.

HBAR trades at $0.05084, gaining 3.85% in the past day for a $1.879 billion market cap.


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Top NFTs Trending Today, Courtyard Leading the Pack

06/07/2025

NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

05/07/2025

You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

04/07/2025

Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

04/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

USDC Stablecoin Arrives on Hippo Chain Testnet

06/07/2025

SEC Commissioner Hester Peirce Says “We Can’t Ignore It” in Bitcoin 2025 Fireside Talk 

06/07/2025

Charles Hoskinson Confirms Cardano–Litecoin Collaboration for DeFi Expansion

06/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.