• The HiVe event will focus on serving communities across the Web3 space and the ones related to sustainability initiatives.
• VeChain has also joined hands with the UN and will work on 17 sustainability development goals.

On Wednesday, February 1, blockchain project Vechain announced the launch of HiVe, a sustainability and Web3-focused IRL event scheduled for the next month of March 2023. The HiVe event will serve as the successor to the VeChain summit that took place last in the year 2019 perform the pandemic.

The HiVe event seeks to foster collaboration across the Web3 community and serve as an inclusive beacon of all sustainability-focused developments. Starting today, users will be able to sign up to attend the HiVe event free of charge.

The event will take place on March 4th in Las Vegas and shall feature sustainability-focused applications of Web3 technologies from different blockchain protocols and projects. X-nodes will have a guaranteed allotment of tickets on a first-come-first-serve basis and an additional 150 tickets will be allocated for the community.

Additionally, physical attendees will earn VeChain’s first official ‘Proof of Participation’ (POP) NFT. VeChain said that during the event, they would also be sharing new developments regarding VeChain’s technologies and shall unveil its new partner in the digital ecosystem.

Prestigious speakers including Noble Prize winners will be speaking at the event. In its official announcement, the VeChain Foundation noted:

We’re excited to kick off IRL events again after their notable absence in recent years. We look forward to the spiritual rebirth of the highly acclaimed VeChain Summit in a new, provocative format that represents our vision and focus for the years ahead.

VeChain Partners With UN

The Vechain Foundation has been undertaking major efforts in order to involve itself with several blockchain-based sustainability projects in the real world. Last month, VeChain joined hands with the United Nations (UN) wherein it will achieve the 17 sustainable development goals (SDGs) established by the UN.

The sustainable development goals established by the UN include a diverse range of issues pertaining to environmental preservation. this includes issues like hunger and poverty as well as education, health, clean water, clean energy, sanitation, decent employment and economic development.

The VeChain Foundation notes that its blockchain solutions developed so far will seek to solve several critical sustainability challenges. Besides, VeChain’s supply chain ecosystem initiatives will benefit crucial areas such as healthcare, ethical sourcing, and economic development. The official announcement noted:

VeChain’s ‘digital ecosystem’ concept represents a milestone in reaching UN SDGs — targets with a 2030 deadline. By leveraging the power of blockchain technology, we are creating benefits for every participant. We look forward to unveiling more about digital ecosystems in our upcoming whitepaper, due by end Q1.

As of press time, VeChain’s native token VET is currently trading 10% up at a price of $0.024 and a market cap of $1.8 billion.