SolarWise Debuts Solar NFTs on VeChain Blockchain, Offering Returns on Solar Investments – Crypto News Flash

SolarWise Debuts Solar NFTs on VeChain Blockchain, Offering Returns on Solar Investments

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  • VeChain and Solarwise have produced the latest collection of NFT (Solar NFT), which will be available for sale on the MaaS platform on October 23. 
  • Our investigation reveals that 200 Solar NFTs would be available in the initial stage with payment accepted in fiat (credit card) and VET. 

Full-service solar energy installation company SolarWise has announced the official launch of its Non-Fungible Token (NFT) collection Solar NFT. According to the report, the NFT would be available for purchase on October 23 via VeChain’s (VET) Web3 marketplace MaaS. 

Based on the information privy to us, each Solar NFT would be a representation of a solar panel. This implies that the company would take in proceeds from electricity sales while remaining compliant with Swiss regulations. For small investors, the Real World Asset NFTs would provide them with a rare opportunity in renewable energy and ensure that entry barriers are eliminated using the Regenerative Finance (ReFi) principles. 

“Digging” into this initiative, CNF discovered that the initial solar farm would provide a limited supply of 200 solar panels. Each panel would also be represented by a single Solar NFT, making a total of 200 Solar NFTs available for sale. 

In terms of payment method, our research confirms that the Solar NFTs would be purchasable in fiat via credit cards and VET. In the future, cross-chain integration with Metamask will be made available. For now, each Solar NFT would be sold at $387.2 (fixed) or its equivalent of 15,236 VET. 

Vechain
Source: Solarwise

More About the SolarWise-Vechain Collaboration

According to the information on its website, the company is not responsible for changes in tokenomics or market conditions, and there is no guarantee of returns. 

Solar NFTs represent ownership of a solar panel, with no guaranteed returns. Any potential returns are based solely on the farm output and offerings from the solar constructors. SolarWise OTS is not responsible for changes in tokenomics, project structure, market conditions, or any factors affecting the NFT value or performance. Products and services are subject to change and may not be available in all jurisdictions.

Providing a quick rundown on its activities, the company discloses that it operates on the VeChain blockchain to ensure transparency and accessibility in its investment in renewable energy. Through a secured grant from VeChain, it is also working towards its mission of subjecting the renewable energy industry to a significant revolution. 

Through our Solar NFT platform, powered by VeChain, SolarWise facilitates ownership in solar panels, pioneering a new era of inclusivity and sustainability in the industry, and advancing the ReFi movement. Backed by a grant from the VeChain Foundation, we’re accelerating our mission to revolutionize the renewable energy landscape. This endorsement further solidifies our commitment to innovation, driven by VeChain’s robust technology.

This groundbreaking move appears to be one of the several collaborations secured by VeChain this year. Just recently, we reported that the blockchain company has joined hands with Boston Consulting Group (BCG) to cement its position in the Real World Assets industry. On top of that, we disclosed that VeChain has partnered with UFC to expand its VeBetter sustainability applications. 

At press time, VET was trading at $0.022 after surging by 3.8% in the last 24 hours. 

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This article is for informational purposes only and does not constitute investment advice. Read full disclaimer

John Kumi

John Kumi

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John is a seasoned cryptocurrency and blockchain writer and researcher, boasting an extensive track record of years immersed in the ever-evolving digital frontier. With a profound interest in the dynamic landscape of emerging startups, tokens, and the intricate interplay of demand and supply within the crypto realm, John brings a wealth of knowledge to the table. His academic background is marked by a Bachelor's degree in Geography and Economics, a unique blend that has equipped him with a multifaceted perspective. This diverse educational foundation allows John to dissect the geographical and economic factors influencing the cryptocurrency market, offering insights that go beyond the surface. John's dedication to the crypto and blockchain space is not merely professional but also personal, as he possesses a genuine passion for the technologies that underpin this revolutionary industry. With his astute research skills and commitment to staying at the forefront of industry trends, John is a trusted voice in the world of cryptocurrencies, helping readers navigate the complex and rapidly changing terrain of digital assets and blockchain innovation. John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space.
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