VeChain seals another partnership to provide a Phygital trophy for the winner of the Street Skateboarding Rome this year.
Regardless of its innovative technologies, the VET price has reacted marginally in the last seven days with a 1.6 percent fall. 

VeChain (VET) has announced that it is now the tech provider for Street Skateboarding Rome soon after partnering with Internazionali BNL d’Italia in the just-ended Women’s Tennis Association (WTA) and the Association of Tennis Professionals (ATP) tours to present Phygital trophies to the winners. With the latest collaboration, the World of V and EXPlus would grant in-event perks to all attendees.

#vechain is the tech provider for #StreetSkateboardingRome, the Italian stop of the #WorldSkateboardingTour. As #Web3 enables boundless possibilities, the #NFT by @worldofv_art and @EXplusnft grants in-event perks to all attendees. A flip trick between physical and digital worlds pic.twitter.com/yaYdne3VbE

— vechain (@vechainofficial) June 20, 2023

It can be recalled that VeChain, World of V, and EXPlus hosted a booth at the tournament commercial during the ATP and the WTP tours to showcase the power of blockchain across different Phygital items. Visitors to the booth were allowed to Phygitalize items on their own.

In-person attendees of Internazionali BNL d’Italia will also enjoy a blockchain-powered experience through sustainably produced bracelets featuring QR codes to the landing page of ‘VeAces’ – an NFT collection developed by World of V that also serves as a raffle ticket. After the event, 150 winners will be randomly selected to receive a phygital sports cap, with tickets to the 2023 ATP Finals in Turn, Italy, also up for grabs. 

More Details on the VeChain Phygital Developments 

At the Street Skateboarding Rome event, attendees can claim PoaP NFTs to unlock discounts and benefits. Also, winners of the tournament would have the rare opportunity of getting Phygital trophies. Phygital is the portmanteau of the word “Physical” and “Digital”, which has authentication and anti-fraud features to enrich physical objects with new digital capabilities. 

According to VeChain, this would enable future generations to reclaim city spaces by embracing Web3.

Embrace #Web3forbetter: empowering future generations to reclaim city spaces. Do you know that Colle Oppio is a revitalized park in the heart of Rome near the Colosseum? Once neglected it’s now a vibrant skatepark where young skateboarders thrive and create unforgettable moments.

On June 6, it was reported that Novak Djokovic’s 2023 Australian Open racket had been phygitalized by VeChain and auctioned to raise money to support childhood education through the Novak Foundation. VeChain has through this and other initiatives presented blockchain to the world to transform society.

By proxy, vechain is creating invaluable networking opportunities and exposing its technical capabilities on a global stage. Once again, vechain demonstrates its role as a technological pioneer, differentiating itself as a uniquely capable protocol, able to deliver systemic change through powerful digital tools.

VeChain currently has a bullish sentiment but has struggled to maintain its price as it fell marginally by 1.6 percent in the last seven days to trade at $0.015941. However, its 24-hour price change has been positive with a 6 percent increase to send its market cap to $1,156,310,823. With its current price, the support level is said to be around $0.01447, and the resistance level is fixed at $0.017038. According to Gov Capital, VET has the potential to rise to $0.1256 in the next 12 months. 

It is reported that VeChain has secured partnerships with over 2 million companies and launched a billion-dollar NFT collection. For now, it seeks to improve supply chain management, traceability, and transparency with its innovative technology. 

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Filed under: Bitcoin - @ June 21, 2023 1:20 pm