• VeChain has announced that it will be attending the Mobile World Congress in Barcelona, Spain, and its CEO will speak at the event. 

• With few details provided on the main focus of Sunny Lu’s presentation at the event, VeChain community members have been left to speculate on what he could talk about. 

VeChain (VET) has announced that it will be participating in the famous Mobile World Congress 2024 (MWC2024). According to them, CEO Sunny Lu would speak at the event on February 28, and would be joined by Nobel Laureate Sir Konstantin in the “keynote track” labeled as “Partners to Game Changers.”

We’re heading to Barcelona for @MWCHub 2024, where we’ll join world-leading enterprises and visionaries to share some exciting developments coming soon to #VeChain.

This announcement has left the VeChain community with speculations as some expect a strategic partnership with famous brands. Interestingly, a crypto commentator, Marcel Knobloch aka Collin Brown, expects the presentation to focus on supply chain, tracking, or anything unexpected. He also confirmed that VeChain’s CEO would be on the podium alongside Jim Dukhovny, founder of AlefAeronautic. It is worth noting that the event will run from February 26–29 in Barcelona, Spain. 

For context, the Mobile World Congress is recognized as one of the world’s largest influential telecom and connectivity events. With a projected attendance of 90,000 people, the MWC attracts key players, decision-makers, and innovators in different telecom areas which cut across device manufacturers, mobile service providers, technology providers, and digital services.

More on the MWC2024 Featuring VeChain

The 2024 theme for the Congress is all about powering connectivity. Interestingly, Snowflake is one of the sponsors. The Global Industry Leader at Snowflake Phil Kippen spoke about the MWC2024:

The industry is at an inflection point where platforms and gen AI technology meet to truly transform telecom operations and rapidly deliver solutions to real-world problems. We’re at the heart of it. My team and I are looking forward to demonstrating the value Snowflake brings to leading telecom companies today and the innovative solutions and partnerships we have to propel the industry into a resilient and sustainable future.

VeChain has over the past couple of years emerged as one of the fastest-growing blockchain projects with several real-world use cases cutting across different fields. In November 2023, it secured a US patent to boost its commitment to pioneering solutions. It also announced a strategic collaboration with Walmart China, a move that led to the launch of 23 product lines. 

Walmart’s early forays into blockchain traceability date back to 2018, when they successfully traced over 25 diverse products, spanning categories such as mangoes, leafy greens, and dairy products, back to their origins. By 2019, the retail giant leveraged blockchain to augment traceability throughout its supply chain, laying the foundation for more transparent and efficient operations.

The price of VET has reacted strongly to this announcement, surging by 4.7% in the last 24 hours, and 13% in the last seven days. With a bullish sentiment and a market cap of $2,288,302,433, VET is currently trading at $0.03144. 

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