VeChain is hailed to be the number 1 enterprise blockchain. VeChain has been highlighted in the Monthly Binance Market Trading report in the month of June. The report has stated that VeChain (VET) has made 40% gains in one month.
Sunny Lu, Co-founder, and CEO, VeChain, recently spoke about transforming technology value to business value. We want to facilitate different builders to develop valuable applications that can transform technology value to business value. We never change that.
It was recently announced that VeChain is going to be available for staking with the rewards distributed at the end of the month into the next month. The VeChain memes make it easier to digest and understand newer concepts.
When asked about whether VeChain has any plans to implement their technology in the social networking and entertainment industry, and if so, how?
Sunny Lu replied, the question is right related to the use case part. Any builder aiming to build valuable applications to any industry and, of course, to social networking and entertainment industry.
He recollected how he was in Los Angeles several months ago before CoVid-19 to talk to one of the exciting and very intelligent teams with lots of experience in the entertainment industry. They are trying to build a very interesting platform for the music and movie industry. Even though the current Covid-19 is impacting the progress, but I believe it will restart.
VeChain 8 Hours Foundation
The other project that I would like to mention is 8 hours—the 8-hours foundation, which provides blockchain-enabled tabletop game console, where the physical pieces come to life. The platform also provides a mechanism to interact with software features for tangible benefits.
Sydney Ifergan, the crypto expert, tweeted: “VeChain (VET) Sunny Lu spoke about the 8 hours Foundation who are creating a social play. Ideally, a great way to unite the disconnected and fragmented world with social media improving mental and physical health.”
This provides a way for people to connect and play, thereby strengthening their social fabric by means of social interactions. They opine that the best way to foster social bonds is to spend an average of 8 hours a week interacting with each other. The most meaningful experiences are created by way of social play. Thus, social play is propelled into the 21st century.
Expect to see more funny and exciting gaming experiences form the world of VeChain, eventually keeping the world connected.
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