HIP-850 - to be implemented on the network as the mainnet upgrades to v0.53 soon - proposes a significant enhancement to the Hedera ecosystem by granting Supply Keys the ability to update NFT metadata while the NFTs reside in the treasury account (the specified account that receives tokens created as the result of a Token Mint operation).

Launch your first token in 5 minutes, explore Hedera Wallet Snap's upgrade, join Thrive Hedera for rewards, and stay tuned for #HelloFuture Hackathon winners!

Hedera proudly sponsored the Blockchain Accelerator Foundation (BAF) University Summit at the Consensus conference in Austin, Texas, in May. This event educated over 125 students globally and awarded scholarships to 15 students and 3 professors from 8 Latin American countries.

July developer highlights, including the Hello Future Hackathon going live with over $300K in prizes to be won across five tracks. Build the unimaginable on Hedera

HIP-540 enhances token creation on Hedera by enabling the removal or modification of keys, improving flexibility and security. It allows lower privileged keys to update to invalid keys, reducing risks for NFT holders and treasury. Update your SDK to the latest version to try out this functionality.

Hedera is committed to enhancing the security and reliability of its services. As part of this effort, we are deprecating the insecure Hedera Consensus Service (HCS) mirror node endpoints. The legacy endpoints hcs.<env>.mirrornode.hedera.com:5600 will transition to the new secure <env>.mirrornode.hedera.com:443 endpoints. This change impacts developers, exchanges, wallets, and SDK users relying on the old gRPC port 5600.

Token information returned by getAccountInfo, getAccountBalance, and getContractInfo will be deprecated in the near future. Exchanges, wallets, and dapp developers can access equivalent information from the mirror node REST API.

May developer highlights: Hedera Services Evolution v0.49 modularization, dynamic NFTs, new Hedera EVM developer survey, and contribute to the Electric Capital Developer Report to showcase Hedera's strength and attract more developers!

Hedera is thrilled to be a part of this significant and timely initiative. By fostering trust and confidence among industry players, we aim to pave the way for the widespread adoption of blockchain technologies and contribute to a future where crypto is secure, efficient, and safe for users, enterprises, and institutions exploring Web3.