Large Chinese Municipal Governments Are Adopting VeChain’s VeTrust to Help Deal with COVID19
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VeChain blockchain has also started thriving in the world of non-fungible tokens (NFTs), considering the latest update from Real Items, a firm that provides an application suite to reduce fraud, prevent counterfeit activity and protect end-consumers.

According to an update on Twitter, Real Items is on the Cusp of announcing its first major customer that has been printing over 1 million units with the company’s smart labels.

Read Also: VeChainThor Mobile Wallet Updated; VET Withdrawal Fee Reduced By 80% on Binance

The good news for the teeming VeChain community members is that the over 1 million units printed on a monthly basis are powered by the non-fungible tokens (NFTs) on the VeChain blockchain.

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Real Items further stated that the customer in question is currently working towards printing over 3 million units on a monthly basis before the end of the year.

Real Items tweeted, “We are about to announce our first major customer. This month they start printing 1M+ units with Real Items Smartlabels backed by NFTs on Vechain. SERIALIZED QR Codes for any product. Some are pretending like they knew NFTs were the future. Now they are playing catch up.

“FYI it’s 1M+ Per Month. They expect to hit 3M+ units per month this year. They have over $1.5B in annual sales.”

Read Also: Sunny Lu: DNV and PWC Customers Will First Consider VeChain If They Want To Use Blockchain

Regarding the reason for choosing VeChain, the firm wrote, “We make NFTs on VeChain bc the tech is great. Can’t argue that.”

VeChain Foundation Announces $1 Million Grant Program for VeChain eNFT Ecosystem

A few days ago, the team at the VeChain Foundation that focuses on supporting VeChain, the leading enterprise blockchain platform, announced a $1 Million Grant Program for the VeChain eNFT Ecosystem.

As the blog post stated, VeChain is determined to bolster blockchain and decentralized application (DApp) ecosystem and help small enterprises and community startups to build their projects.

Read Also: Analyst: VeChain Has Formed Inverse Head and Shoulder Pattern. VET to $0.35 Soon

The blog post reads in part as follows:

“We are building the …Enterprise NFT (eNFT) ecosystem. We’ve established that NFTs and eNFTs will be revolutionary and prevalent moving forward, and the implications as a game changer should not be underestimated.

To build such an ecosystem, we need as many applications and projects as we can get, including NFT marketplaces, token bridges, DeFi applications, open source tools and more. The compounding effect of more tools will exponentially increase the development progress of the eNFT ecosystem.”

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.