Sunny Lu, the founder of VeChain, is scheduled to deliver a keynote presentation on the applications of blockchain technology at the Paris Blockchain Week. VeChain has established itself as a leader in the tokenization of real-world assets, with a presence in various industries such as food safety, medicine, automotive, and supply chain management.
Lu, in a recent conversation on X space, proudly declared VeChain as the “kings of real-world assets,” highlighting the continuous progress made by the VeChain ecosystem in the field of asset tokenization. Some experts predict that the asset tokenization sector could be worth $16 trillion.
Lu’s speech at the Paris Blockchain Week, taking place on April 10, will focus on this mission and more. The event boasts an impressive lineup of speakers, including Binance CEO Richard Teng, Ripple CEO Brad Garlinghouse, renowned investor Tim Draper, VanEck CEO Jan VanEck, Crypto.com president Eric Anziani, and Circle chairman Jeremy Allaire.
During the event, Lu is expected to make an announcement regarding a famous individual integrating VeChain into their operations. Furthermore, he will provide additional details about the rumors surrounding the integration of Fireblocks custody into the VeChain network.
The tokenization of real-world assets will be a key topic discussed by the speakers at the event. While blockchain technology has introduced numerous new business models and possibilities, tokenization remains at the forefront for mainstream adoption. The ability to convert illiquid assets, such as real estate, into liquid assets on a secure ledger, making them easier, cheaper, and more secure to sell and transfer globally, is a revolutionary concept. VeChain is leading the way in this movement.
VeChain has prioritized utility and delivering real value through blockchain, distinguishing itself from other chains that focus solely on short-term price increases. Grayscale, a prominent crypto investment firm, recognized VeChain’s dedication in a recent report. The network’s partnership with the Boston Consulting Group has also yielded significant breakthroughs in the sustainability movement.
The tokenization of real-world assets is VeChain’s latest endeavor, which is quickly becoming a core focus. In a recent announcement, VeChain emphasized its commitment to tokenizing real-world activities through its new dApp ecosystem, http://vebetterdao.org. This initiative aims to provide individuals and enterprises with a new world of Web3 experiences.
Currently, the VET token is trading at $0.04386, experiencing a 7.32% decrease in the past day. However, it has seen a marginal 5% increase for the week and has gained 28% year-to-date.
In conclusion, VeChain’s participation in the Paris Blockchain Week highlights its leadership in the tokenization of real-world assets and its commitment to delivering practical applications of blockchain technology.