VET Price Explodes by 10% as VeChain Emerges as ‘King of Trillion-Dollar RWA Market’ at Paris Blockchain Week
VeChain founder Sunny Lu is among the speakers at the ongoing Paris Blockchain Week. He will deliver a keynote presentation on engaging, earning and prospering on the blockchain. Meanwhile, VeChain has emerged as a leader in tokenizing real-world assets with a presence in food safety, medicine, the automotive sector, supply chain management and more. “We [...]
- VeChain founder Sunny Lu is among the speakers at the ongoing Paris Blockchain Week. He will deliver a keynote presentation on engaging, earning and prospering on the blockchain.
- Meanwhile, VeChain has emerged as a leader in tokenizing real-world assets with a presence in food safety, medicine, the automotive sector, supply chain management and more.
“We are the kings of real-world assets,” Sunny Lu recently quipped in a conversation on X space, capturing the continued progress by the VeChain ecosystem in pushing on with asset tokenization, a sector some project will be worth $16 trillion.
Lu will be speaking on this mission and much more when he takes the stage tomorrow, April 10, at the Paris Blockchain Week in the French capital. The three-day summit has a stellar lineup of speakers alongside Lu, including Binance CEO Richard Teng, Ripple CEO Brad Garlinghouse, renowned investor Tim Draper, VanEck CEO Jan VanEck, Crypto.com president Eric Anziani and Circle chairman Jeremy Allaire.
As revealed on X, Lu is expected to make “an announcement of someone famous integrating VeChain” at the event. He’s also expected to reveal more details about the Fireblocks custody integration rumors he sparked in a recent X space.
Some big things coming for #vechain this month ! $VET $VTHO
Announcement of someone famous integrating Vechain at #ParisBlockchainWeek !
And also rumours of #fireblocks custodian integration ! $BTC $ETH $USDC $USDT all on vechain soon! transactions and TVL are going to ramp… pic.twitter.com/oENygNeYVD
— Crypto Nympho Ⓥ (@CryptoNymphoo) April 1, 2024
Tokenization of real-world assets (RWA) will be among the key topics the speakers will delve into. While blockchain has unveiled several new business models and possibilities, tokenization remains at the top for mainstream adoption. The ability to make illiquid assets like real estate liquid on a secure ledger and make it easier, cheaper and secure to sell and transfer from every corner of the globe is revolutionary. VeChain is one of the networks leading this movement.
VeChain—The King of RWA
VeChain has been focused on utility for years as hundreds of other chains chased short-term price pumps. This focus was hailed in a recent report by crypto investment giant Grayscale, which singled out VeChain for its continued dedication to delivering real value through blockchain.
In the sustainability movement, the network is unrivaled, and its partnership with the Boston Consulting Group has delivered groundbreaking results, as Crypto News Flash has reported in the past.
Tokenization of RWA is VeChain’s latest field, and it’s quickly becoming a mainstay. In a recent X post, the network doubled down on its efforts, stating:
Since VeChain‘s launch in 2015, we’ve worked in the automotive sector, food safety, medicine, luxury fashion, the certification sector, supply chains and more. Now, we’re going even further, tokenizing real-world activities through our new dApp ecosystem, vebetterdao.org, helping people and enterprises experience a whole new world of Web3.
Meanwhile, VET trades at $0.04386, dipping 7.32% in the past day. The token is, however, trading marginally higher for the week, gaining 5% in that time. Year-to-date, VET has gained 28%.
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