- SolarWise is issuing NFTs that allow owners to own solar panels that generate clean renewable energy, all done on the VeChain blockchain.
- The company’s first solar farm in Brazil launched recently, and its tokens have been successfully verified by the relevant legal authorities.
“Own the sun” sounds like an overly ambitious tagline, if not even a little absurd. But this is exactly what SolarWise is promising and delivering with its SolarNFTs, issued on the VeChain blockchain.
Sustainability is all the rage globally, and clean energy is right at the heart of this movement. SolarWise Own The Sun AG is leaning into this campaign, offering renewable energy by installing solar panels in mega-farms globally and then allowing retail investors to own these panels.
The company is leveraging Web3 technologies to raise funds and introduce transparency in its operations. This includes SolarNFTs, which went on sale a week ago. Each NFT is tied to a solar panel, and by purchasing it, the owner is entitled to perpetual ownership of this panel. Every day, this panel generates electricity, and once sold, the owner of the NFT receives the proceeds in VET.
🌞 The SolarNFT Sale is LIVE! 🌞
Secure your SolarNFT now and own a real-world solar panel, earning monthly $VET rewards from electricity sales + weekly $B3TR bonuses!
🔗 Get yours now: https://t.co/7OxJnvYpOE#SolarWise #VeBetterDAO #VeFam #ReFi pic.twitter.com/MOX9fyE4zJ
— The SolarWise (@TheSolarWise) October 23, 2024
Own The Sun on VeChain
The global sustainability drive has become a key focus for governments, corporations and investors. In recent years, these initiatives have received $2.5 trillion in investments across renewable energy, agriculture and other infrastructural projects. ESG standards have also become a must-have for multinationals. This makes it one of the most lucrative sectors, and VeChain has been setting the pace in the blockchain world.
This industry-leading trend continues for VeChain with the “Own The Sun” campaign from SolarWise.
While many startups make grand promises but deliver little, SolarWise is different. It has already completed its first solar farm in Brazil, which the company says contains 200 solar panels and will produce 170 kilowatt-hours annually.
Investing in the solar panels offers up to 10.5% potential annual percentage returns through solar panel ownership and discount structures.. But perhaps most importantly, SolarNFT owners get to contribute to a greener future and participate in the rapidly growing regenerative finance movement.
SolarWise seeks transparency with its investors. To this end, it has installed a live-feed camera that allows investors to monitor the firm’s progress in real time.
SolarWise is part of VeBetterDAO, the ecosystem on VeChain that focuses on sustainability. This entitles the owners of the SolarNFTs to payouts in B3TR tokens, which the company pledged to distribute each month.
The company states:
“By choosing $VET, we’re not only simplifying the experience for existing VeChain supporters but also amplifying the impact that SolarWise can have on the broader blockchain community.”
VET trades at $0.02229, gaining 3.3% in the past day. It has a market cap of $1.81 billion.
