VeChain (VET) is poised to revolutionize Web3 by transforming sustainability into profitability, particularly through the engagement of institutional investors.
In a recent conversation with Tim Draper, the founder of Drapers Associates, VeChain’s CEO Sunny Lu revealed that he has identified parallels in the principles governing the financial viability of Non-Profit Organizations (NPOs).
The ongoing drive of VeChain to reshape the Web3 landscape through sustainable practices was a key focus during a recent exchange between Sunny Lu and Tim Draper. In a brief 43-second video shared by VeChain, Lu pointed out that Draper aligns with his blockchain platform’s vision regarding NPOs, emphasizing the importance of profitability for long-term sustainability. He highlighted a fundamental principle of the Draper Foundation, which states, “Even a non-profit organization should make money and should be profitable.”
Discussing the potential of Web3, Lu expressed optimism that this domain could pave the way for innovative business models that cater to both individual and enterprise users. He mentioned that the overarching strategy is to create a circular ecosystem that necessitates the token’s role as a value carrier.
For sustainability to succeed, it must generate value and open investment opportunities; this is the key to attracting institutional investors and facilitating real change—a sentiment echoed by @TimDraper.
As Sunny shared, Draper emphasized that even non-profit entities should strive for profitability to ensure their longevity.
In a separate tweet, VeChain stressed that sustainability is a crucial driver of genuine change and a magnet for institutional investment. To advance this mission, the blockchain platform has entered into various partnerships, including a noteworthy collaboration with the UFC to enhance the VeBetter ecosystem. This initiative reinforces VeChain’s commitment to achieving sustainability goals through innovative technologies. Sunny Lu commented that this strategic partnership is a vital step in leveraging blockchain for meaningful initiatives.
“This campaign marks significant progress in our quest to utilize blockchain for the greater good. With the backing of BCG and the extensive reach of UFC, we are unlocking opportunities for users, businesses, and institutions, thereby promoting the adoption of this new application platform while creating financial instruments that address longstanding challenges,” he explained.
Delving deeper into this theme, Jake, a communications lead and community advocate for VeChain, highlighted on X that “sustainability is one of the greatest emerging economic engines.” To capitalize on this potential, VeChain is incorporating new technologies to expedite the transition, ensuring it is more efficient and transparent. According to Jake, the VeBetter ecosystem serves as the foundation for new asset classes, wherein critical data is tokenized on-chain.
Given the strong momentum behind ESG investing, assets in this sector could soar to between US$14–19 trillion by 2025 and potentially reach US$20–30 trillion by the decade’s end. The lower end of this estimate assumes that the share of industry flows captured by ESG remains stable. In the more optimistic forecast, the proportion of sustainable investments in assets under management (AUM) is expected to rise from 11% today to 28% by 2030, with managers vying for between US$6 trillion and US$9 trillion in net new inflows, depending on the scenario.
On the topic of VeChain’s native token, VET, analysts have noted that it might replicate its remarkable 1,800% surge from 2020, potentially surpassing its previous all-time high of $0.27. As of the latest update, VET was trading at $0.023, reflecting a decline of 1.17% over the past 24 hours.
For more insights, readers can explore:
– A Guide to Buying VeChain (VET)
– A Tutorial on VeChain (VET) Wallets
– 24-hour VET Price Updates
– Additional VeChain News
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