VeChain to Develop Web3 Inventory Monetization System

VeChain Foundation recently shared on Twitter its new strategic alliance with Supply@ME Capital. They have joined forces to create a new type of inventory monetization system that will use NFTs, stablecoins, and Web3 itself.

The first phase is already underway and is expected to deliver initial results by the end of July 2022. The first step is to create a PoC platform that can generate and deliver blockchain transactions to an Italian firm from SYME's client portfolio using the VeChainThor network.

The second phase will include the development of an inventory monetization platform, and VeChain expects to launch it by the end of this year. This phase will also include a full roadmap of Web3 features, including the release of NFTs that represent the digital ownership of physical objects, decentralized financial applications, a B2B marketplace, a common governance protocol, and more.

Image: The Coin Republic