VeChain (VET) is set to revolutionize the Web3 ecosystem by transforming sustainability into profitability with the participation of institutional investors. In a recent conversation with Tim Draper, the founder of Drapers Associates, VeChain CEO Sunny Lu revealed that he has identified similarities in the principles surrounding the financial productivity of Non-Profit Organizations (NPOs).
During the discussion, Lu explained that Draper shares the same values as VeChain when it comes to NPOs striving for long-term sustainability through profitability. The Draper Foundation, an NPO itself, abides by the rule that even non-profit organizations should generate revenue and be profitable.
Lu further emphasized that Web3 has the potential to create new business models that cater not only to individual users but also to enterprise users. The plan is to develop an ecosystem that revolves around the use of VeChain’s token as a carrier of value.
VeChain believes that sustainability is the key driver of real change and investor interest. The blockchain platform has formed various partnerships, including the recent collaboration with UFC, to advance the VeBetter ecosystem. This demonstrates their commitment to leveraging cutting-edge technologies to achieve sustainability goals.
According to Jake, a VeChain communications lead, sustainability is a significant economic engine. VeChain is leveraging new technologies to expedite the transition towards sustainability, making it faster, more reliable, and transparent. The VeBetter ecosystem serves as the foundation for new asset classes, with important data being tokenized on-chain.
The growing support for Environmental, Social, and Governance (ESG) investing suggests that assets in this sector could reach $14-19 trillion by 2025 and potentially $20-30 trillion by the end of the decade. VeChain aims to tap into this market by offering innovative solutions and capturing a significant share of sustainable investments.
Regarding VeChain’s native token, VET, analysts predict that it could experience a surge similar to the 1,800% growth seen in 2020, surpassing its all-time-high price of $0.27. Currently, VET is trading at $0.023, with a slight decline of 1.17% in the last 24 hours.
In conclusion, VeChain is poised to redefine the Web3 ecosystem by integrating sustainability and profitability, attracting institutional investors, and driving real change in the industry. With its strategic partnerships and commitment to leveraging blockchain technology, VeChain aims to create a sustainable future while offering innovative solutions for users, enterprises, and institutions.