In a new development, VeChain (VET) has Announced the introduction of its latest codeless tokenized asset marketplace platform (MaaS), fueling optimism within the community about an imminent price increase.
The announcement also saw the collaboration of MotoGP racing team Gresini Racing as its first corporate client. By collaborating with Gresini Racing, digital collectibles will be offered to a huge fan base through the MaaS platform.
VeChain will join a world of rapid tokenization
With the launch of its No-Code Tokenized Asset Marketplace (MaaS) platform, VeChain has made enormous 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. These include product authentication, the creation of new digital communication channels, traceability of origin and sustainability, among others. This demonstrates their understanding of the tremendous potential their technologies have for Web 3.
Given the increasing 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. Its goal is to provide individual and corporate builders with an “easy-to-use white label.” NFTs platform for the sale of digital assets” and transfers that require little or no programming.
MaaS applications are diverse and address the growing need for platforms that enable asset tokenization. Black RockReal World Asset (RWA)'s latest application for a tokenization fund highlighted this path. So far, the codeless tokenized asset Market-as-a-Service (MaaS) platform is expected to be fully operational by the end of this year.
FP is on a downward trend
Despite the launch of MaaS, VeChain (VET) is witnessing a daily downtrend of almost 2%. However, in the weekly period, the crypto asset rose more than 5%, suggesting an upward movement.
At the time of writing, VET was trading at $0.0440 and its market capitalization fell by 2.78% in the last day. Meanwhile, its trading volume has decreased by approximately 24% in the last 24 hours.
In August 2018, during a downward trend in the cryptocurrency market, VET made its debut on the market. However, following the 2021 bull run, FP rose to the top, reaching a high of $0.281 before the cycle ended.
Featured image from Shutterstock, chart from Tradingview.com
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