New Era For VeChain: Marketplace Platform Unveiled, Price Spike Looming?
29 March 2024 - 4:00AM
NEWSBTC
In a new development, VeChain (VET) has announced the introduction
of its latest No-Code Tokenized Asset Marketplace-as-a-Service
platform (MaaS), fueling optimism within the community of an
impendent price uptick. The announcement also featured the
collaboration of the MotoGP racing team Gresini Racing as its first
enterprise client. By collaborating with Gresini Racing, an
enormous fan base will be offered digital collectibles through the
MaaS platform. VeChain To Onboard A Rapid Tokenizing World With the
launch of its No-Code Tokenized Asset Marketplace (MaaS) platform,
VeChain has made tremendous progress toward increasing mass
adoption of blockchain technology. VeChain’s continuous goal to
promote widespread blockchain technology adoption by removing
technological hurdles is consistent with this user-friendly
strategy. Since its founding, VeChain has created several use cases
powered by blockchain applications. These include product
authentification, creating new digital communication channels,
provenance and sustainability traceability, and others. This
demonstrates its understanding of the tremendous potential that its
technologies have for Web 3. Related Reading: Big Banks Push for
More Bitcoin (BTC) Exposure, VeChain (VET) and NuggetRush (NUGX)
Lead the Top Gainers Given the rise in demand for tokenizing
Real-World assets (RWAs) solutions, the introduction of MaaS seems
appropriate. Furthermore, NFC functionality and support for
“Phygitals,” or real-world physical assets with NFT/digital
counterparts, will be added later in the platform.
Specifically, this innovation was created to significantly
influence the digital asset market. It aims to provide enterprise
and individual builders with an “easy-to-use white-label NFT
platform for digital asset sales” and transfers that require little
to no programming. MaaS applications are diverse and address the
increasing need for platforms that enable asset tokenization.
Blackrock‘s latest application for a Real World Asset (RWA)
tokenization fund highlighted this path. So far, the No-Code
Tokenized Asset Marketplace-as-a-Service platform (MaaS) is
expected to be fully operational later this year. VET Is On A
Downtrend Despite the launch of MaaS, VeChain (VET) is
witnessing a daily downtrend of nearly 2%. However, in the weekly
timeframe, the crypto asset has increased by over 5%, suggesting an
upward move. Related Reading: VeChain Ready For Big Moves:
Analyst Identifies Key Factors That Will Drive VET To New ATH As of
the time of writing, VET was trading at $0.0440, with its market
cap dropping by 2.78% in the past day. Meanwhile, its trading
volume is down by about 24% in the last 24 hours. In August 2018,
during a downside trend in the cryptocurrency market, VET made its
market debut. However, following the 2021 bull run, VET rose to the
top, peaking at $0.281 before the cycle ended. Featured image from
Shutterstock, chart from Tradingview.com
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