- 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.
🌞💡 Exciting news in renewable energy! SolarWise is launching Solar NFTs on the #VeChain blockchain, allowing you to invest in solar panels and earn potential returns. Don't miss the NFT sale on October 23, 2024! 🌍💚 #SolarNFTs #RenewableEnergy #VeChainhttps://t.co/RX0f6CgmhY pic.twitter.com/IK9YgdnhOy
— Collin Brown (@CollinBrownXRP) October 11, 2024
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.
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.
