- After months of anticipation, the VeChain HiVe event is finally here.
- This event will serve as a key publicity tool to show the ingenuity of VeChain and its partners.
VeChain has made the news in recent times for several reasons and one of these involves its much anticipated upcoming big event, The HiVe. This event was rebranded as it was formerly presented as the VeChain Summit which was the talk of the town back in 2019.
In this rebranded event taking place in Las Vegas on the 4th of March, the hype has grown in the VeChain ecosystem, a testament to the expectations from community members and stakeholders. The origin of the name in itself was drafted from the notion that the ecosystem can do much more when knitted together as in the case of the bee hive.
There will be a showcase of what the VeChain Foundation has been up to in recent times. As confirmed by the Web3.0 outfit, VeChain will also be making a number of big announcements, one of the major highlights of the event that investors are looking forward to at this time.
Besides the VeChain-backed The HiVe, there are also a number of scheduled Web3.0 summits and conferences happening around this period. However, there is one major difference here. The focus of VeChain is more tilted to an enterprise application of blockchain technology, all administered in a sustainable manner.
The technology capabilities of VeChain have showcased diversity over the years and while it bolsters smart contract capabilities, the protocol has been quite tilted to real-world use cases since its inception. Serving as a bridge for enterprise adoption, the HiVe event will also give projects from other protocols the opportunity to showcase innovative solutions that can collectively help power the next phase of blockchain adoption.
Participants at the HiVe will be given VeChain’s first official ‘Proof of Participation’ (POP) NFT, and it will unlock enormous benefits for all holders.
VeChain the HiVe Summit: Grand Introduction of Community Power
It is not uncommon for different protocols to blow their own trumpet especially when they are truly innovative. In a unique recognition of the diversity of the outfit, Renato Grottola, a known proponent of the VeChain protocol highlighted how the blockchain is making a concerted to advance its solutions to the real world.
Vechain is a project with a long term vision, which has been evolving since day 1, passing through many ‘winters’ and ‘summers’. It could be considered as a veteran in his own space, jointly with a bunch of few projects. Solving real world problems is the reason why for Vechain https://t.co/76Y19mSuVn
— Renato Grottola (@rgrottola) March 2, 2023
Renato highlighted the advanced governance infrastructure in place on the VeChain protocol and how it has helped in advancing the initiatives of the blockchain.
One of the main unique features of vechain vs other initiatives has been, like it or not, the chosen governance, which cannot be limited only to the steering committee election discussion. Stakeholder diversity is equally important than stakeholder engagement,” he said in a long Twitter statement, adding that “The road to decentralisation requires much more participation from current stakeholders than today’s. As an example, economic nodes where not able to contribute to the voting both in round 1 and 2. A future goal for vechain could be to increase participation from stakeholders.
For Renato, VeChain has a lot of things to do before it can become the true bridge between the Web3.0 and Web2.0 worlds respectively.
