VeChain and Solarwise have created the latest collection of NFTs (Solar NFTs), which will be available for sale on the MaaS platform on October 23rd. Our research revealed that at the initial stage, 200 solar NFTs will be available for payment in fiat currency (credits). card) and VET.
SolarWise, a full-service solar energy installation company, has announced the official launch of its non-fungible token (NFT) collection Solar NFT. According to the report, NFTs will be available for purchase through VeChain (VET)’s Web3 marketplace MaaS on October 23rd.
🌞💡 Exciting news about renewable energy! SolarWise launches solar NFTs. #VeChain Blockchain allows you to invest in solar panels and reap potential profits. Don’t miss the NFT sale on October 23, 2024! 🌍💚 #SolarNFT #Renewable energy #VeChainhttps://t.co/RX0f6CgmhY pic.twitter.com/IK9YgdnhOy
— Collin Brown (@CollinBrownXRP) October 11, 2024
Based on the information we know, each solar NFT represents a solar panel. This means the company complies with Swiss regulations and still earns revenue from electricity sales. For small investors, Real World Asset NFTs offer a valuable opportunity in renewable energy, using Regenerative Finance (ReFi) principles to ensure that barriers to entry are eliminated.
CNF took a “deep dive” into the initiative and found that the first solar farm will have a limited supply of 200 solar panels. Each panel will be represented by a single solar NFT, making a total of 200 solar NFTs available for sale.
Regarding payment methods, our research confirms that solar NFTs can be purchased with fiat currency via credit cards and VET. In the future, cross-chain integration with Metamask will be available. At the moment, each solar NFT will be sold at a price equivalent to $387.2 (fixed) or 15,236 VET.
Source: Solarwise
Learn more about the SolarWise and Vechain collaboration
According to the information on the 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 solar panels and returns are not guaranteed. Potential earnings are based solely on farm production and offerings from the solar builder. SolarWise OTS is not responsible for changes in tokenomics, project structure, market conditions, or factors affecting the value or performance of NFTs. Products and services are subject to change and may not be available in all jurisdictions.
The company briefly summarizes its activities and reveals that it operates on the VeChain blockchain to ensure transparency and accessibility in investing in renewable energy. We are also committed to the mission of exposing the renewable energy industry to a significant revolution through secure subsidies from VeChain.
Through its solar NFT platform powered by VeChain, SolarWise promotes solar panel ownership, pioneers a new era of inclusivity and sustainability in the industry, and advances the ReFi movement. With a grant from the VeChain Foundation, we are accelerating our mission to revolutionize the renewable energy landscape. This approval further strengthens our commitment to innovation driven by VeChain’s robust technology.
This groundbreaking move appears to be one of several collaborations secured by VeChain this year. Just recently, we reported that the blockchain company has partnered with Boston Consulting Group (BCG) to solidify its position in the real-world assets industry. In addition to that, VeChain revealed that it has partnered with UFC to expand its VeBetter sustainability application.
At the time of writing, VET was trading at $0.022 after surging 3.8% in the past 24 hours.
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