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Blockchain

VeChainThor: The Superior Platform To Seize Nascent NFT Opportunities

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NFTs have taken the world by storm, witnessing the rise of NFT adoption, with digital artwork auctions fetching as much as $70 Million USD and NFTs even being included in the Oscars 2021 gift bag and making headlines in the media. More recently, eBay Inc. allowed the sale of NFTs for digital collectibles like trading cards, images and video clips on its platform – the first e-commerce company to tap into the NFT frenzy.

With artists, celebrities, producers and other creatives adopting NFTs in droves, we see the emergence of NFTs as a new mainstay for arts, culture and collectibles, but the technology is capable of far more. NFTs have the potential to positively impact every aspect of our daily digital lives, unlocking and sustainable value for enterprises. This is where VeChain’s Enterprise NFT (eNFT) Ecosystem comes into play.

eNFTs – A Fortress of Enterprise Value

An eNFT is made to allow all stakeholders, including enterprises and users, to reach consensus on the issuer, owner and transfer history of an NFT through the utilization of public blockchain. By designing and developing eNFTs with clear purpose, the enterprise gains the capability to map every single digital asset on a traceable, decentralized ledger, no matter whether product, service or even business process.

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The process of tokenization is the key step to joining the upcoming eNFT value network. eNFT technology makes it possible for enterprises to change the way that their assets are circulated and traded, even creating new service areas, expanding and enhancing product claims and allowing businesses to trustlessly detail their attributes. eNFTs also maximize the value of their corresponding assets, providing a layer of trust and transparency around an item or service. This will eventually change the way enterprises engage with end-users and drastically enhance user engagement and experience.

VeChainThor – The Best Choice For Enterprise NFTs

When it comes to enterprise-tier blockchain infrastructure, the VeChainThor public blockchain is widely considered the best-in-market. With an impressive array of real world and matured solutions, VeChain is completely unique in its level of real-world delivery. In addition, VeChain has demonstrated:

Reliable underlying technology: VeChainThor’s ‘Proof of Authority’ (PoA) consensus is far more ecologically sustainable, with massively reduced environmental burden vs PoW. The platform has repeatedly proven to be one of the most practical and robust solutions for building enterprise-grade public blockchain solutions. VeChainThor delivered unique infrastructure-level blockchain tools with VeChain ToolChain™, a one-stop data BaaS platform, tailor-made for rapid development of enterprise applications on VeChainThor. With VeChain ToolChain™, enterprises can focus on building business solutions rather than be hindered by technical challenges.

Seamless integration with IoT: eNFT applications can directly and easily use VeChain’s NFT standard protocol and its enterprise-level API. It is even more powerful when integrated with IoT devices such as NFC chips. Enterprises can easily attach NFC chips to products with valuable information registered and verified on blockchain, enabling the tokenization of valuable assets.

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World-leading professional services: Since 2015, VeChain has worked shoulder-to-shoulder with hundreds of enterprises, no matter whether SME or Fortune 500. Our numerous successful use cases speak for themselves and place VeChain in a unique position versus any other blockchain protocol. Enterprise users can easily access professional services from VeChain’s strategic partners, including DNV and PwC. For instance, Tag Trace Trust, one of DNV’s digital product, allowing the enterprise to issue a statement, certificate of conformity or product passport to share the quality, performance and environmental impact of products and assets. These processes will become the backbone of the digital economy and VeChain is the pioneer.

“eNFT ecosystem will provide a revolutionary platform for the next era of value networks, providing unlimited scope for the digital assets of enterprises. VeChainThor opens a new door for traditional industries, unlocking latent value through the exploration of adoption of blockchain technology.” Dr. Peter Zhou, Chief Scientist of VeChain said.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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