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Home » VeChain Emerges as ‘King of Trillion-Dollar RWA Market’ at Paris Blockchain Week, Resulting in a 10% Surge in VET Price

VeChain Emerges as ‘King of Trillion-Dollar RWA Market’ at Paris Blockchain Week, Resulting in a 10% Surge in VET Price

By adminApr. 9, 2024No Comments3 Mins Read
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VeChain Emerges as 'King of Trillion-Dollar RWA Market' at Paris Blockchain Week, Resulting in a 10% Surge in VET Price
VeChain Emerges as 'King of Trillion-Dollar RWA Market' at Paris Blockchain Week, Resulting in a 10% Surge in VET Price
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Sunny Lu, the founder of VeChain, is one of the featured speakers at the ongoing Paris Blockchain Week. He will be delivering a keynote presentation on how to engage, earn, and prosper on the blockchain.

VeChain has established itself as a leader in tokenizing real-world assets and has a presence in various industries such as food safety, medicine, automotive, and supply chain management.

In a recent conversation on X space, Sunny Lu proudly stated, “We are the kings of real-world assets,” highlighting the progress made by the VeChain ecosystem in asset tokenization. Some experts predict that this sector will be worth $16 trillion.

Lu will be addressing this mission and more during his presentation on April 10 at the Paris Blockchain Week. The three-day summit boasts an impressive lineup of speakers, including Binance CEO Richard Teng, Ripple CEO Brad Garlinghouse, investor Tim Draper, VanEck CEO Jan VanEck, Crypto.com president Eric Anziani, and Circle chairman Jeremy Allaire.

Lu has teased that he will be making an announcement about a famous personality integrating VeChain at the event. He is also expected to provide further details about the rumors regarding the integration of Fireblocks custody, which he sparked in a recent X space.

Exciting developments are on the horizon for VeChain this month, including the announcement of a famous figure integrating VeChain at the Paris Blockchain Week and rumors of a Fireblocks custodian integration. This will pave the way for transactions and total value locked (TVL) to increase on the VeChain network.

Tokenization of real-world assets will be a key topic discussed by the speakers at the event. While blockchain technology has opened up new business models and possibilities, tokenization remains at the forefront for mainstream adoption. The ability to transform illiquid assets, such as real estate, into liquid assets on a secure ledger, enabling easier, cheaper, and more secure selling and transferring worldwide, is a revolutionary concept. VeChain is at the forefront of this movement.

VeChain’s dedication to delivering real value through blockchain has been recognized by crypto investment giant Grayscale, who highlighted the network’s focus on utility in a recent report. Additionally, VeChain’s partnership with the Boston Consulting Group has yielded groundbreaking results in the sustainability movement.

Tokenization of real-world assets is VeChain’s latest focus area, and it is rapidly gaining traction. The network is expanding its efforts to tokenize various activities through its new dApp ecosystem, vebetterdao.org, providing individuals and businesses with a whole new experience of Web3.

Currently, VET is trading at $0.04386, experiencing a 7.32% dip in the past day. However, the token has seen a marginal increase of 5% for the week and has gained 28% year-to-date.

In conclusion, VeChain and its founder Sunny Lu are making significant strides in tokenizing real-world assets and will be sharing their insights and announcements at the Paris Blockchain Week.

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