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VeChain (VET) has been tipped to redefine Web3 by converting sustainability to profitability through the involvement of institutional investors.  In a recent discussion with Drapers Associates founder Tim Draper, VeChain’s CEO Sunny Lu disclosed to have spotted similarities in principles concerning the financial productivity of Non-Profit Organizations.  VeChain’s (VET) insatiable quest to redefine the Web3 ecosystem through positive, sustainable practices was the topic of a recent meeting between CEO Sunny Lu and Draper Associates founder Tim Draper.  In the 43-second video shared by VeChain, Sunny Lu disclosed that Draper shares a similar value with his blockchain platform in terms of Non-Profit Organizations (NPOs) aiming for profitability for long-term sustainability. According to him, the Draper Foundation, which exists as an NPO, has one major rule: “Even a non-profit organization should make money and should be profitable.”  Speaking about Web3, the VeChain boss asserted that this space could be the answer to building new business models that focus not only on individual users but also on enterprise users. According to him, the plan has been to build the entire ecosystem in a circle that demands the use of the token as a carrier of value. Sustainability needs to generate value and investment opportunities – it’s the only path to onboarding institutional investors and driving real change – and @TimDraper agrees.As told by Sunny, Tim shared his belief that even nonprofits should aim for profitability to ensure… pic.twitter.com/1Z8URTmFTq— VeChain (@vechainofficial) September 19, 2024 More on VeChain (VET) Sustainability In a separate tweet, VeChain highlighted that sustainability emerges as the essential factor that drives real change and attracts Institutional investors. To push this cause, the blockchain platform has sealed several partnership deals, including the recently reported UFC collaboration to advance the VeBetter ecosystem. To them, this underscores its commitment to advancing sustainability goals using…

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Filed under: News - @ September 24, 2024 7:25 am