In the up-to-date solution, VeChain (VET) has announced introducing the latest no-code Tokenized Asset Marketplace (MaaS) platform, fueling community optimism about the inevitable price increases.
The announcement also included a partnership with MotoGP racing team Gresini Racing as its first corporate client. Thanks to the partnership with Gresini Racing, a huge fan base will receive digital collectibles via the MaaS platform.
VeChain on board the rapid tokenizing world
With the launch of the No-Code Tokenized Asset Marketplace (MaaS) platform, VeChain has made tremendous progress towards increasing the mass adoption of blockchain technology. VeChain’s ongoing goal of promoting widespread adoption of blockchain technology by removing technological obstacles is consistent with this user-friendly strategy.
Since its inception, VeChain has created several utilize cases based on blockchain applications. These include product authentication, creation of up-to-date digital communication channels, traceability of origin and sustainability, and more. This demonstrates the understanding of the enormous potential that its technologies have for Web 3.
Given the enhance in demand for real-world asset tokenization (RWA) solutions, the introduction of MaaS seems appropriate. Additionally, NFC functionality and support for “Phygitals”, i.e. real physical assets with NFT/digital counterparts, will be added later in the platform.
In particular, this innovation was created to significantly impact the digital asset market. It aims to provide businesses and individual builders with an “easy-to-use white label”. NFTs digital asset sales platform” and transfers that require little or no programming.
MaaS applications are diverse and respond to the growing demand for platforms enabling tokenization of resources. Black RockThe company’s latest application for the Real World Asset (RWA) tokenization fund has highlighted this path. So far, the No-Code Tokenized Asset Marketplace-as-a-Service (MaaS) platform is expected to be fully operational later this year.
VET is on a downward trend
Despite the launch of MaaS, VeChain (VET) is seeing a daily downtrend of almost 2%. However, on a weekly time horizon, the crypto asset is up over 5%, suggesting an upward move.
At the time of writing, VET is trading at $0.0440 and its market cap is down 2.78% in the past day. Meanwhile, trading volume has dropped by approximately 24% in the last 24 hours.
In August 2018, during the downward trend in the cryptocurrency market, VET debuted on the market. However, after the 2021 bull run, VET climbed to the top, reaching a high of $0.281 before the cycle ended.
Featured image from Shutterstock, chart from Tradingview.com
