Metaverse developer Digital Village has raised $4 million in funding with significant investment from L’Oréal’s venture capital fund BOLD and the British Fashion Council. Partnering with VeChain (VET), Digital Village ‘is building a scalable, sustainable and collectively prosperous metaverse.’ After announcing the news, the VET price was up 2% to $0.021 a price not seen … Read more
A VeChain NFT was used to monetize inventory on the blockchain, marking the first transaction of its kind. The NFT mint is part of an initiative that will see creditworthy businesses raise capital without debt. This will happen by monetizing their inventory on the blockchain. The mint, worth about 1.5 million euros, took place towards … Read more
VeChain is a layer-1 enterprise blockchain ecosystem focused on supply chain tracking. As such, its common use cases include provenance, authenticity, anti-counterfeiting, and digital assurance solutions for the food and beverage industry as well as luxury products. The company has recently announced a multi-year sponsorship agreement worth $100 million with the Ultimate Fighting Championship (UFC). Another partner is Alchemy Pay, a … Read more
With the Chinese mining crackdown and anticipated regulatory scrutiny, Bitcoin experienced a drop of 7% in the last 24 hours. Other altcoins too have been trading in a bearish zone. DOT was down by 10.10%, followed by Tron and VeChain at 9.2% and 8.8% respectively. Polkadot (DOT) DOT/USD, TradingView Over the past two weeks, DOT … Read more
