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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
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Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

VeChain Aims To Take Web3 By Storm, Here’s How

Ronaldo Marquez
Ronaldo Marquez
2 years ago
2 mins read
VeChain VET VETUSDT

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The crypto industry has seen a lot of hype at the beginning of 2023, and the VeChain Foundation is trying to keep up. The sector is attracting attention around non-fungible tokens (NFTs), the Metaverse, Web3, and, more recently, artificial intelligence. 

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The VeChain Foundation has announced the “Spiritual Rebirth” launch of the 2019 VeChain Summit, introducing The Hive to achieve goals that “create tangible economic value with blockchain technology.”

The Foundation claims that it has been “invigorated” by a stream of positive developments and opportunities for the growth of its community. In an official post, the non-profit organization suggests that the VeChainThor blockchain is ready to “take center stage of the upcoming digital-sustainable web3 revolution.”

The Web3 Revolution And The Blockchain VeChainThor

The Hive aims to “foster collaboration across the web3 community” and to act as an “inclusive beacon” for sustainability, focusing on developments for the blockchain ecosystem. 

The new event will take place on March 4, 2022, in Las Vegas, according to the VeChain Foundation. During the event, the Foundation promised to make new announcements of consequence for the blockchain VeChainThor and the launch of a new whitepaper to take their global concept on digital ecosystems to the worldwide market.

With the economic difficulties of the past and the recent announcement by the U.S. Federal Reserve (FED), VeChain remains optimistic for further regulatory clarity to unfold around the crypto industry. This gives VeChain and its foundation a panoramic view of an exciting new phase for blockchain. 

The Foundation anticipates a “productivity plateau” in 2023. It is confident that the blockchain VeChainThor will become a leading platform in the coming years as adoption accelerates exponentially in line with the Layer 1 smart contract platform.

VeChain On A Path To Sustainability?

Another of the Foundation’s critical elements for 2023 is the continued development of the “digital ecosystem” concept, which the Foundation claims represents an “evolutionary leap” in connectivity, information sharing, and collaboration through the power of the blockchain VeChainThor.

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According to the Foundation, in this new era, blockchain technology provides benefits in exchange for the “consensual provision of user data that contributes to a greater good, such as sustainability.”

VET’s digital ecosystem concept represents a milestone in achieving the United Nations Sustainable Development Goals (UNSDGs), which have a deadline of 2030. VeChain aims to:

(…) We look forward to unveiling more about digital ecosystems in our upcoming whitepaper, due by the end Q1. Join us as we kick off this incredible new epoch for sustainability, powered by real-world blockchain applications on the mighty VeChainThor.

VeChain
VeChain trends to the upside after a long consolidation period on the daily chart. Source: VET/USDT TradingView

From this February 2nd the Foundation will be launching The Hive’s landing and registration pages. On March 4 in Las Vegas, the event features VeChain-specific content and applications of web3 technologies from other projects and protocols. 

Cover image from Unsplash. Chart from Tradingview.

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Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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