In a new development, VeChain (VET) announced the introduction of its latest codeless tokenized asset market-as-a-service (MaaS) platform, fueling optimism in the community of an imminent price surge.
The announcement also saw the collaboration of MotoGP racing team Gresini Racing as its first corporate client. By collaborating with Gresini Racing, a huge fan base will receive digital collectibles through the MaaS platform.
VeChain to Integrate a World of Rapid Tokenization
With the launch of its No-Code Tokenized Asset Marketplace (MaaS) platform, VeChain has made tremendous progress towards increasing mass adoption of blockchain technology. VeChain’s continued goal of promoting widespread adoption of blockchain technology by removing technological obstacles is consistent with this user-friendly strategy.
Since its founding, VeChain has created several use cases powered by blockchain applications. This includes product authentication, creation of new digital communication channels, traceability of origin and sustainability, among others. This demonstrates your understanding of the enormous potential your technologies have for Web 3.
Given the increased demand for real-world asset (RWA) tokenization solutions, the introduction of MaaS seems appropriate. Additionally, NFC functionality and support for “Phygitals,” or real-world physical assets with NFT/digital counterparts, will be added later on the platform.
Specifically, this innovation was created to significantly influence the digital asset market. The aim is to provide corporate and individual builders with an “easy-to-use white label”. NFT platform for digital asset sales” and transfers that require little or no programming.
MaaS applications are diverse and meet the growing need for platforms that enable asset tokenization. Black stoneReal World Asset’s (RWA) latest filing for a tokenization fund highlighted this path. So far, the No-Code Tokenized Asset Marketplace-as-a-Service (MaaS) platform is expected to be fully operational later this year.
EFP is in a downtrend
Despite the MaaS launch, VeChain (VET) is witnessing a daily downtrend of nearly 2%. However, on the weekly time frame, the crypto asset increased by more than 5%, suggesting an upward movement.
At the time of writing, VET is trading at $0.0440, with its market value falling 2.78% over the past day. Meanwhile, its trading volume has dropped by around 24% in the last 24 hours.
In August 2018, during a negative trend in the cryptocurrency market, VETERINARIAN debuted on the market. However, after the 2021 bull run, VET rose to the top, reaching a peak of $0.281 before the end of the cycle.
Featured image from Shutterstock, chart from Tradingview.com
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