HashAxis uses Hedera for fast, scalable, and low-cost NFTs Native NFT royalties for secondary sales Scalable token transfers (10,000 tps)

HashAxis utilizes the Hedera Token Service — combined with native atomic swap and royalty functionalities on Hedera — to mint, manage, and trade NFTs. Hedera’s low and predictable fees, fast performance, and carbon-negative transactions bolster adoption, retention, and usage by artists and NFT projects alike on the platform.

HashAxis takes advantage of Hedera’s native NFT royalty functionality, making it simple for NFT creators to incorporate royalty fees into a token. This ensures payment to the creator for any secondary sales where cryptocurrency is swapped for an NFT. Native royalties on Hedera avoid configuration of complex smart contracts and performs this complex operation more efficiently.

Benchmarks for the Hedera Token Service point to token transfer performance on the Hedera mainnet at an estimated 9,997 transfers per second (with a throttle of 10k TPS) and settlement time of 2 - 3 seconds with transaction finality. This level of scalability ensures that both senders and receives of NFTs on the HashAxis marketplace experience the fastest settlement times and no network congestion.

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