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- The World of V became the first NFT marketplace to implement Phygital technology as a service by leveraging on VeChain tech.
- The VeChain network has been working with reputable organizations in its proof-of-authority (PoA) consensus mechanism to secure the blockchain.
The VeChain (VET) network has gained global recognition for helping bridge the gap between the IoT and real-world utility. By advocating for the power of blockchain tech, VeChain is committed to combining NFTs and the industrial supply chain to help keep track of inventories. Furthermore, the VeChain network has two native tokens, VeThor (VTHO) and VET, to help in the decentralization and scalability of its blockchain technology.
As such, decentralized financial ecosystems (DeFi) are tapping on VeChain’s ability to track an item in the real world via blockchain technology.
Recently, the World of V became the first NFT marketplace to implement Phygital technology as a…