The crypto industry saw a lot of media hype in early 2023, and the vechain foundation is trying to follow suit. The sector highlights non-fungible tokens (nfts), metaverse, web3, and, more recently, artificial intelligence.
The VeChain Foundation has announced the “Spiritual Rebirth” launch of the 2019 VeChain Summit, introducing The Hive to achieve goals that “create tangible economic value with blockchain technology.”
The Foundation says it has been "reinvigorated" by a flood of positive developments and opportunities for its community to grow. In an official post, the nonprofit organization suggests that the blockchain VeChainThor is prepared to "take the stage for the next digital-sustainable revolution web3."
The Web 3revolution and the VeChainThor blockchain.
The Beehive aims at "fostering collaboration within the web3 community" and acting as an "inclusive beacon" for sustainability, with an emphasis on developments for the blockchain ecosystem.
The new event will be held on March 4, 2022, in las vegas, according to the vechain foundation. During the event, the Foundation promised to make new announcements of consequence for the blockchain VeChainThor and the launch of a new whitepaper to take their global concept on digital ecosystems to the worldwide market.
Given the economic challenges of the past and the recent announcement by the US Federal Reserve (fed), vechain remains optimistic about the clarity of regulation as it relates to the cryptography industry. This results in vechain and its foundation a panoramic view of a new exciting phase for blockchain.
The foundation provides for a "productivity plateau" by 2023. It is confident that the vechainthor blockchain will become a leader platform in the years to come as adoption accelerates exponentially online with the platform of intelligent contract layer 1.
Vechain on the journey towards sustainability?
Another critical element of the foundation in 2023 is the continuous development of the concept of "digital ecosystem", that the foundation claims to be a "scalable leap" in connectivity, information sharing, and working together across the power of the vechainthor blockchain.
According to the Foundation, in this new era, blockchain technology offers advantages in exchange for the 'consensual supply of user data that contributes to greater good, like sustainability.'
The VET Digital Ecosystem concept is an important step towards achieving the United Nations Sustainable Development Goals (SDGs) by 2030. VeChain aims to:
(…) We look forward to sharing further information on digital ecosystems in our next white paper, which is expected to be published by the end of the first quarter. Join us to launch this amazing new era for sustainability, powered by real-world blockchain apps on the powerful vechainthor.
As of February 2, the Foundation will launch the home and registration pages for the Beehive. March 4th in Las Vegas, the event presents vector-specific content and web3 technology applications from other projects and protocols.
Cover the picture using unsplash. Traditional view graphic.