Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptoknowmics 2022-06-29 07:10:13

VeChain to Develop Web3 ‘Inventory Monetization’ System

Blockchain enterprise service provider VeChain Foundation has signed a strategic alliance with London-based inventory monetization platform Supply@Me Capital to fund the first-of-its-kind ‘Web3’ Inventory Monetization System using blockchain, stablecoin, and NFT technology. Web3-Based Inventory Monetization System According to an official press release, VeChain Foundation has teamed up with Supply@Me to create a Web3 environment that will allow ‘direct participation in the inventory monetization journey combining traditional finance with the blockchain space.’ The #VeChain Foundation is proud to pioneer cutting edge #blockchain applications. In our strategic alliance with @SupplyMECapital, we're building a new kind of 'Inventory Monetization' system, uniting #NFT technology, #Stablecoins & #Web3.https://t.co/zZ3460cyri $VET #crypto pic.twitter.com/Cb6flkGMkn — VeChain Foundation (@vechainofficial) June 28, 2022 VeChain has committed to directly subscribe to up to $10 million of non-fungible token-based Inventory Monetization transactions, of which roughly $1.5 million is immediately available to fund the first transaction. The first transaction will be carried out by the end of July. The goal is to develop a proof-of-concept platform to be able to generate and deliver a blockchain transaction to an Italian company from SYME’s client portfolio via the VeChainThor public blockchain. Commenting on the development, Sunny Lu, CEO o...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.