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VeChain Unleashes the Future of Sustainable Blockchain
Recorded: July 14, 2025 Duration: 0:55:27Space Recording
Short Summary
VeChain is making waves in the blockchain space with its innovative projects aimed at revolutionizing supply chains and sustainability. The recent launch of the VBetterDAO platform has attracted over 3 million users, while the VeChain Renaissance introduces significant tokenomics upgrades and partnerships, positioning the project for substantial growth and utility-driven applications.
Full Transcription
Thank you. you
hey everyone just stay tuned for a few seconds until we set everything up. We'll be right here in one moment. So hello everyone, Sunny, let's do a quick voice check, radio check.
Can you hear me?
Yes, I can hear you very, very clearly.
Can you hear me well?
Yeah, perfectly. Yeah. So I think we can start. Can you hear me? Yes, I can hear you very, very clearly. Can you hear me well?
Yeah, perfectly.
Yeah, so I think we can start.
Yeah, great.
Perfect. So hello, everyone.
Welcome to this exciting space.
I'm Dimitri, co-founder of Satoshi Club.
And today we are diving deep into how VeChain is revolutionizing supply chains and sustainability in the blockchain world.
So crypto innovation is accelerating globally and VeChain, of course, is at the forefront of it.
A big shout out to our guests from VeChain, Sunny Lu, CEO of VeChain.
And yeah, thanks for joining us. We're pumped to hear about all the updates. So to kick things off, in case there are some newbies here who don't know what is VeChain.
Did you know that VeChain's blockchain has been used to track everything from luxury goods to COVID, vaccines and so on?
So it's not just hype, it's real world impact, right?
So, Sani, can you give us a quick intro to vechain and for any
newcomers sure sure um well we usually we can get the name like uh dinosaur projects so uh i i think
it's a windy old called us like a dynacoin i love that marketing yeah actually, we start from 2015.
So it's already 10 years anniversary for us.
And we actually been through like three white papers journey.
And 2017, released the first white paper to tell everyone like what kind of platform we want to build.
And then 2019, released the second version of White Paper to
focus on the enterprise adoptions. And then, you know, in the next few years, we have been
accumulated about until today, I think it's more than 100 different applications, including the
food safety platform for Walmart, China, you know, sustainability, truck and trace for H&M, the carbon credits for BYD,
the largest EV company in China, and also a bunch of the luxury brands as well.
Even today, they are still, you know, working pretty well.
And since 2023, we released the latest white paper, which is called Web3 for Better, to demonstrate our new focused strategy in sustainability areas.
And then one year later, June 2024, we released the new ecosystem.
ecosystem. It's called VBetterDAO, which is a platform. It's a DAO ecosystem, DAO platform,
It's called VBetterDAO, which is a platform.
to foster different type of applications to incentivize individual users to do better
actions, make a better choice on a daily basis. Could have come in from the morning coffee,
commute to work, even walk the dog, read the book, take a break even.
So just after one year, the VBetterDog accumulated about 3 million users, 40 different applications.
So we're still working very hard to scale up.
I know the 3 million users in the Web2 world is, you know, like, you know, easy PD start.
But, you know, in Web3 i think it's a pretty impressive and uh we're not going to stop there we're going to continue to go go go up and
also this year uh it's a very critical year i mean 2025 is critical year for v chain not only about
is a critical year for VeChain,
not only about this continuous scaling up of VBetterDAO,
but also we are embracing a very critical upgrade of VeChain.
It's a VeChain renaissance.
Following, let's say there are three different steps
of the VeChain renaissance upgrades,
not only focused on the technical upgrades,
but also the tokenomics upgrades.
We can address that a little bit later.
But so far, I think it's running pretty well.
And following up, we got the MECA compliance about VET and VSOAR through the Central Bank
of Ireland in March 2025.
And we're opening up a new era, I will say, to onboard more investors,
not only from the retail, but also institutions, continue to deliver the use cases, the utilities.
So, yeah, I mean, it's a quick update, but loads of the stuff about VeChain.
I love your intro. Thank you. And you already got into meat as I noticed, and you mentioned the updates and the, that
we are going to talk about later on in detail.
So yeah, you have a bunch of updates and we're coloring them all.
Well, at least we'll try to color them as much as possible.
So you highlighted the VChain Renaissance just now,
a few moments ago.
So from what I've seen,
this 2025 roadmap
is massive,
like evolving greatness,
major tech updates,
combines Byzantine fault tolerance,
right?
Nakamoto consensus
for even better security,
scalability.
So if you want to go
to more details,
like can you break down
what Renaissance means for users and devs,
major tech updates underway, right?
So more efficient operations and so on.
Yeah, yeah, yeah, for sure. 100%.
Well, like I mentioned,
VeChain Renaissance is a series of technical and tokenomics upgrades for VeChain.
Firstly, why are we doing now or how we get
started is actually following the requirement coming from um compliances as i mentioned we
actually get the mica compliance confirmation through the central bank of ireland in march
but to be honest we knew that before the end of last year is just, you know, following the
standard paperwork processes coming from the regulators. So, and also we have been very active
in terms of the connection with, you know, the regulators or authorities in the United States.
So actually, also we get quite a clear answer
coming from the SEC guidelines recently.
So following that kind of requirement,
we did launch the V-chain Renaissance upgrades
starting from 2025.
And basically there are three stages.
The first stage is from January 1st
until the July 1st of 2025.
It's basically the first stage we call Galatica.
You know, introduce some of the key technical upgrades like dynamic gas fees and also some changes in terms of the VSOAR as a gas fees.
Basically, we're going to burn 100 percent of the gas fees of the VSOAR and also introducing the Stargate as a new NFT platform to manage the ritual user participation to the consensus level, protocol level. So basically that's what we are trying to do is to enable the real
decentralization for the blockchain consensus level. You know, let's say
decentralization sits on the top priority or we even consider as one of the key Bibles we should
follow up, right, for any type of the blockchain platform.
However, the reality is decentralization is pretty challenging, whatever for POW or for POS networks.
You know, the mining pool in POW can be centralized, or when we think about POS, you know, the
staking service provider can be very centralized as well. And also there's
another challenge for most of the retail users. Either the user are not able to set up the
validators, set up the servers, like physical servers, to participate the consensus very easily,
or user has to give away the control of their own assets to, let's say, staking service provider
to participate, you know, the staking, participate the consensus and eventually gain the rewards
coming from the staking activities. So we came up with a very novel design. I think it's the first one to do that,
is to enable the NFT to introduce a novel design of the NFT
to allow the user to stake the VET
and to mint a certain level of NFT.
And then you can use NFT to support any kind of validator to participate the consensus directly and receive the rewards automatically.
So which means to normal retail user, we sweep away the technical barriers.
You don't need to set up the validator so you can, you know, participate to the network and earn the rewards.
You can just use NFT. As long as you know how to use NFT,
you can participate to the decentralization
and again, quite attractive rewards right away.
And it getting started in July 1st.
And so far, there are more than 8,000 NFTs
already holding by, let's say, the community, Vechain community, and 4.8 billion
VAT, other than the 2.5 coming from the validated networks, are already securing the networks.
But also, I'm here, I'm going to take this opportunity to call the actions to all of the
legacy NFT holders of the Vechain, we noticed there are still more than
2,000 legacy NFT holders are not, you know, didn't convert or migrate to be the new networks.
So don't miss out the rewards starting from July 1st. You know, get to your new NFTs and
get the rewards right away so that's a that's
a first stage a little bit too much information i would say uh but from the july first yeah yeah
from the july 1st to the end of this year uh we're gonna go into we're gonna work on the second phase
of um v10 renaissance we call it Hayabusa, which will introduce even more,
let's say, upgrades on the VeChain networks,
not only technical side,
but also tokenomics side.
We're going to catch up more EVM compatibility
to make the VeChain networks
even more compatible with EVM
to be able to onboard more partners,
even to connect to the other community members who ever introduced interesting about participating,
the Stargate program, earn the rewards, or join the V-BetterDaw ecosystem.
join the vBetterDoll ecosystem.
And also, very importantly,
we're going to change the validator threshold,
which means today the validator only can run
25 million VAT as a staking,
but by Hayabusa implementation,
each validator could start from 25 million,
but up to 600 million VAT by then.
So it will introducing more dynamic visual assurance,
starting to change the visual assurance to be,
let's say, starting from a low level,
but let's say correlating with the total VET staking
with a dynamic insurance curve of the VSOAR to, let's say, to bring more security to the entire
networks. So by Hayabusa, let's say, simply to say, try to make it a very simple summary, there will be less VSO to be issued
and will be concentrated to be only either validator or delegator, which are NFT holders,
to getting the rewards. And also, let's say, the more staking for VET for the entire networks.
So basically right now it's around 10 billion VAT.
But the target by the Hayabusa, we wanted to boost up to be, you know, 30 billion to 40 billion, that kind of range.
That will be like a triple or even quadrup of the today's staking ratio of the entire VET.
And after the Hayabusa, that will be the third stage, will be 2026.
We call it Interstellar.
Basically, continue to secure the networks,
bring the dynamic mechanism of the validator queues,
giving the consideration there will be more institutions
who will join as validators of VeChain.
We're going to give everybody's opportunity and loads of the other technical upgrades for the Interstellar.
But that will be the story for 2026.
So in summary, three stages.
We just finished about the Galactica upgrades and we're approaching to Hayabusa as the second stage
and looking forward to the Interstellar in 2026.
So that's about the Vision Renaissance.
Wow, awesome.
And by the way, what is Hayabusa?
What does it mean?
It's just the name of the second stage.
By the way, the Galactica is a battle cruise,
you know, typical famous battle cruise name.
And Hayabusa is also a battle cruise name, but from Japanese culture.
So, and we hope like those two stages, those two battleships will take us to Interstellar.
That's the, you know, the name comes from.
Okay, so I got the philosophy now. Thank you. So when you're minting that, I mean, when you're staking that to mint NFT of a certain level, right? What if I want to later add some VET to that staking position? Do I have to mint another NFT? Do I have to earn the previous one, make it a higher value, or how does it work?
Okay, so I got the philosophy now.
How does it work?
Well, you know, the VeChain ecosystem has our legacy NFT system,
which is the Econode and Xnode, right?
So if you are the Xnode and Xnode holder, Econode or Xnode holder,
then you go to the Stargate, you can migrate the existing nodes
to be the new NFT holder, also Econode and Xnode,
and you can start to simulate the delegation process for now
and getting the rewards right away.
Or if you are not Xnode or Econode holder,
then just prepare a certain level of VET
and you do the staking.
After the maturity time, you get your NFT out and then you can start to enjoy the rewards right away.
So there are a total of 10 different levels, including four levels of Xnode and six levels of Econode,
and with a different type of VET staking.
with a different type of VET staking.
Minimum staking is just 10,000 VAT,
and you still can get quite attractive APY
by doing the staking here.
Yeah, got it.
You mentioned Mika and the ACC,
talking of ACC and...
SEC, yeah.
Yeah, and getting the approval there.
So in your personal opinion, when the U.S. policy is changing,
the administration is pro-crypto, new bills in the Senate and House Representative,
the ACT has a really totally different vision with a pro-crypto stance
and more transparency.
So in your opinion and in your, let's say,
from your personal standpoint,
how does VeChain benefit from this new pro-crypto stance in America?
Well, we're going to benefit a lot.
Yeah, yeah.
Maybe you can give us some specific examples,
like where is the that you would exceed.
Yeah, yeah, yeah.
I think, firstly, the regulation clarity, starting, well, whatever for the Europe side, you know, in terms of Mika, or the, like, Genesis Act, the Clarity Act, even the SEC guideline from the United States, it represents, you know, authority on board the crypto in a more friendly way, right?
Compared to last year, remember, in last year, when we hear any kind of the news coming from
SEC or the, you know, the infamous Gary Gansler, it's always about launching some cases against
this or against that.
But this year, it's totally different, right?
There are much more clarity in terms of
what we can do what we cannot do um and also it represents you know um it opened up the door to
more institutions to more enterprises come on board the crypto space so um on this side on this, you know, following this thought, actually, we have been working with multiple different institutions and also the enterprises to onboard them to be, you know, the Vechain, not only building up the Vechain applications, but also, you know, even directly to be the VeChain validators. So it kind of swept away, swept the barriers to onboard them
to be the investors slash the validators, you know, of the VeChain ecosystem.
And also, it kind of opened up the entire market.
No more bad names about crypto, you know.
So they go full speed into that.
And also, when we think about the U.S. market, I have to point out, you know, we got the greatest advisor in the crypto world, which is Dana White, you know, the UFC president, which is also a very good friend, a big brother for me.
And he's not only just the advisor entitled, you know advisor in titles, hanging his picture on the website,
that kind of deal, but he actually very actively helped us to build up the connection with different
type of institutions, partners, and even enable some of the use cases like uh forging.com already um you know started and he even participated
to the events with us in person he spent four hours with us um in that event but also he's
setting up very good connections in the u.s market including the president trump actually may in
miami i met president trump in in person he knows about V-Chain thanks to Dana White's connection.
And also a bunch of, you know...
Didn't he tell you to move to America?
Yeah, for sure.
Well, actually we are.
We moved, well, not moved, but we set up the U.S. entity in U.S. even before I met him,
thanks to the advisors from Dana White.
And also, funny enough, you know, President Trump knows about V-Chain.
When, even before I met him, I mean, when Dana was introduced to me, to President Trump,
saying like, oh, that's Sonny, my very good friend. Also, he's the founder of VeChain.
And President Trump instantly replies like, oh, you know, I have been very good to you guys,
to the entire crypto world.
I hope you're doing very well and enjoy the uprising bull market,
starting from the US market and everything like that. And also he told me like,
just let me know what I can help for your project.
So yeah, it's very great.
And yeah, like I mentioned,
Dan Awai and also the UFC,
along with other TKO assets like PowerSlab, WWE, PBR,
is going to bring VeChain to hundreds of millions of
the fans in the United States and also along the whole global market as well.
So basically, I would say it's very bullish.
And also, on top of everything I just said, there are also a very hidden, let's say, important narrative or not narrative like trends coming from the institutions, which is going to be very bullish for VeChain, I would say. You know, we have been spending months, talked to the multiple different institutions,
onboard them to be the validators, to be the investors.
And I got the direct feedback, you know, other than the Bitcoin,
firstly, they are looking for other opportunities, 100%.
On the other side, when they're looking at the different opportunities,
they're looking for the other side, when they're looking at the different opportunities, they're looking for the real fundamentals, like, you know, focus on what we're doing. They like not only the narrative,
but also the progress in terms of deliveries. And then we just onboard, you know, one by one.
And yeah, so in general, I would say the regulation opened up. Regulation, the friendly
regulatory environment is very bullish for everyone in the
crypto world and especially to to vchains since we're doing the real utility you know real uh
application creation yeah and one more more positive thing that you have one more strong
point so to speak would be that you have 10 years already in the market maybe it's not big
so to speak, would be that you have 10 years already in the market.
Maybe it's not a big amount of time in Web2,
but for Web3 it's like a lot.
So if you are here for 10 years, then a serious player.
Yeah.
Yeah.
I think the longevity has become the strength of VeChain.
Exactly.
You know, people are looking at,
especially those institutional investors,
they're looking at, you know, the team who show the devotion, who show the historical record, and also the proof, like you guys can make the deliveries, can make the progress.
So, yeah, I think the longevity now becomes a strength of VeCh chain and anybody also with such longevity in the crypto
world yeah so we we started with renaissance but you slowly uh also moved to stargate as well so
no i had this on my question list but just in case i will sure Sure. You mentioned Stargate already, but in case you want to add something else.
Yeah, I would just like to mention
that VeChain's Node System Upgrade
is opening doors, as you mentioned,
for more decentralized participation.
So it's staking, it's empowering the community
at the same time.
So, yeah, you mentioned that adoption is growing.
You have big targets for the next year and years.
I wish you just good luck with that.
Thank you so much.
Yeah, you're welcome.
Maybe you wanted to add something regarding the Stargate staking system.
Yeah, of course. I mean, Stargaze is, let's say, a starting point to, let's say, onboard the normal user to directly participate in the consensus level.
And again, quite attractive rewards.
The top tier rewards could up to, you know, around 10% of APY, roughly, you know, in an estimate way.
And also to smooth the transition and upgrade for the upcoming Hayabusa and Interstellar,
prepared more than 5.4 billion VSO, roughly like $50 million assets, subsidized all of the
early participants. If you join the Stargate, you will get, you know, fixed rewards based on
each tier of delegator NFT holders.
So, I mean, for everybody,
you can just go to,
either go to the vchainstats.com or redino.org.
I saw the Redino guy
in this Twitter space as well just now.
You can see the simulation of when you are coding
the different type of NFT, what kind of the API you will get for the upcoming six months
at least.
And then after the Hayabusa, in order to, let's say, have a smooth upgrades during the Hayabusa launch, then, you know, let's
say we kind of give this kind of subsidizing rewards to every participants. And then you
will get the feeling like what, how does, how does feel or how does how how does let's say look like when you
operate the nft to participate the consensus earning the rewards what kind of the rewards
you will get um and um you know you can build up your own strategy um for example in retino
simulator you can um you know just input like okay how much VET I'm holding, how many
NFT nodes I'm holding or I plan to hold, and what is the best optimization to mint a different
type of NFT and again the best rewards out of it.
So yeah, go to check it out and enjoy it.
Yeah, I love it. So shifting to one of the chain's main
products, seeing explosive growth, the VBetter ecosystem. So
it's growing like hell. And you also passed 1 million users, I
think even more, right? On VBetter. So you mentioned it's like an external DAP platform
using tokenization to reward real-world assets.
So it incentivizes sustainability,
things like exercising, driving electric vehicles,
reducing waste and more.
Can you dive in?
dive in, how does it work and what's driving the major growth for the platform?
How does it work?
And what's driving the major growth for the platform?
Sure. Well, let's say the VBetterDAO is, like I mentioned, is DAO ecosystem, but incentivizes
Sure.
users to do better actions, make better choices on a daily basis. A typical we call X2N application. So there are 40 of them.
A typical X2N application is the user could take a photo or through any kind of IoT device
to collect one of your actions or submit one of the actions to the application, to different
type of applications. And then the AI behind each
application going to, let's say, verify if your action is fitting the requirement of whatever
the application requires. And then based on the results, give you the rewards right away. So basically, I would say it's a very
unique and special RWA case, real world assets case. When we talk about RWA, we think about
those traditional assets. It could be the commodities, could be the stocks, could be the
real estate, could be a project um different type of investments
something like that right but there is a actually very promising um assets i believe it's the most
promising assets in the world is actually coming from the human actions and i believe we are the only one who is doing that right now to digitalize and tokenize
human actions for better impacts or for collective impacts, collective results,
coming to the great value out of it. So the VBAT at all is actually a very typical RWA use case,
but focused on the human actions. And we you know, we have been talking to many
institutions from the Wall Street. They all like this idea and they believe that's a niche market
in the RWA sectors. It's going to show with the real user growth, real actions. So there are many
different types of the cases, you know,. For example, when you wake up in the
morning, you want to take a coffee, and then you can take a photo about the coffee in the
recycled mug other than disposable cup, and you get the rewards right away. So that's the first
application which reaches more than one million users. It's called Mug Shop.
Or you can go for shopping.
You can use a green card.
You can pick up the garbage.
It's called Cleanify.
Even when you try to walk the dog, you know, pick up the poop, dog poop,
and you can use the scoop up to earn the rewards as well.
And I would say my favorite application is actually the ev earn
i'm a tesla driver i own a tesla a model 3 in italy and so basically the ev earn finished up
the integration with tesla system so we are authorized the developer from tes Tesla and user can use the Tesla
accounts to log in this EDN directly and without doing
anything. The system will automatically load your car
profile to the EVN and every time you charge your car, you
will earn the rewards right away. So right now there are
thousands of the Tesla owners are using the EVN enjoy enjoy the rewards by every time you charge your car.
And actually we'll continue to iterate the EVN will open up to more actions, more than just like charging, but also maybe the driving as well.
So maybe, you know, with like a robot taxi, we could open up more interactions with that.
Honestly, I just back to Milan today.
I'm going to upgrade my Tesla to see how the Glock 4
is going to bring the new features to my Tesla Model 3
and see any opportunities to collaborate more,
explore more functionality with EVN.
That's fascinating.
Yeah.
Yeah, so what I'm saying,
like there are 40 different applications.
Go to the vbetter.com to check it out.
You might find your favorite applications
to use that and gain rewards.
Yeah, I love it.
You have a sustainability angle approach.
So vbetter tracks impacts like carbon reduced,
waste saved, timber preserved, right?
The blockchain is transparent and tamper-proof.
Yes.
So, yeah, that's really, really exciting.
And also, I have been, you know,
I just went back from Singapore.
I was in AI4X event organized
by National University of Singapore,
which is a top university, number one university in Asia.
I think also top 10 in the world.
You know, I met loads of the people there,
including NVIDIA, including, you know, a bunch of the enterprises.
They, let's say everybody is looking for AI applications,
and honestly, vBatterDow is a typical AI applications
because basically almost every application is using the AI engine
to do the photo recognition functions,
even including the anti-farming,
you know, to onboard the normal user
to, let's say, to the crypto world,
to the DAO ecosystem.
And also we explore so many opportunities
in the DAO with AI integration as well.
Even including the better token
could be an AI agent token in the future.
So yeah, lots of excitements.
I learned a lot.
And we're going to iterate the VBetterDAO very soon as well.
Yes.
When I was speaking about this VBetter platform and the acting for good, like, you know, as this, let's say, this strategy, not strategy, this philosophy of acting for good.
So I just remember the superhero narrative, maybe.
And I would ask you, if VeChain were a superhero in the crypto universe, what would its superpower be?
maybe invisibly checking bad actors supply chains knowing well i would say like uh we are not
Maybe invisibly tracking bad actors, supply chains, about knowing?
superhero but we want to make everybody a hero so you don't need to be a you know like uh for
example like a nobel prize or top scientist or big entrepreneur then you can be a you still can be a hero on your own you know you can do a little
actions little better actions even by sacrificing some of the convenience um like uh you know use a
recycle mug other than disposable cups use ev other than the fossil cars so pick up the trash
clean up your neighborhood day by day so you don't you don't need to be a big guy or super big guy.
You still can be your own hero.
You can make the world a better place on a daily basis.
And eventually, the accumulative effect,
it's going to be very impressive.
Yeah, if everyone is doing their job,
then we'll have the best world, right?
We want to be an invisible hero, make everybody to be a hero on your own and make the world a better place.
Yeah.
And I have a very serious question for you, Sonny.
What do you love more about Italy, food, people, or architecture?
do you love more about Italy, food, people, or architecture?
I would say like, I kind of, for sure, I mean, I'm an engineer, right? So firstly, I like
architecture more. I enjoy the beauty of the architecture. And in terms of the food,
you were asking about about food, right?
Yeah, because food in Italy is gorgeous.
I know, I know, I know.
But let's say I'm a more, like I said, I'm an engineer.
I'm more like, how do I put this way?
Maybe Italian people will hate me about that.
I don't really, I'm not foodie.
So for sure, I'm not going to say no to the good food,
but I can survive pretty easy.
I live in a very simple life.
And also I, you know, I take care of my body very well.
Basically for me, I only need proteins, carbs, vitamins,
you know, coming from vegetables.
So very simple to me.
I've been very disciplined to control my body a bit.
I'm not a very like a foodie person, I would say.
Yeah, I envy you because you're not a foodie person as I am.
So, you know, I'm traveling to Italy just to try their food,
you know, this is why I'm traveling to Italy sometimes.
And also my traveling schedule, you know, there is a good side and upside, downside
as well. The upside is I'm able to, you know, explore any kind of food opportunity, but
the downside is I don't have that much time or, you know, relaxing time. Most of the time is following up the different BD schedule, catch up with the different flights or meetings.
So I can be, I think my, how do I say, my not that interesting about the good food is kind of become my strength because I can be very easy, very efficient.
Yeah, very good. Love that.
And maybe we can talk a bit more philosophical angle
related to VeChain and blockchain in general
and maybe try to see some questions from the community,
if you have time.
Yeah, for sure.
So in your opinion, what's one underrated aspect of blockchain technology that you believe will truly transform global sustainability efforts?
And how is VeChain uniquely positioned to lead that charge?
Well, we can go a little bit bigger than this.
Honestly, I've been reflecting on that.
You know, I have been in the crypto space for more than 12 years now.
And even VeChain survived for more than 10 years now.
And I would say from 2010 to 2025 to this year, let's say blockchain, the entire blockchain kind of finished up, let's say the first stage, the big stage.
Even I know there are many cycles in the last 15 years.
But I would say, you know, the first cycle of the blockchain is more like,
you know, infrastructure, more technology development or deliveries
or, you know, loads of the financial
applications, including the DeFi, including, you know, the ICOs or, you know, those type of
instruments or applications coming from the blockchain. But what I believe is blockchain can do so much more.
And if we consider, especially with the other emerging technologies, you know, if we consider AI is a technology for productivity, right?
It's going to boost up the human productivity for good.
But the blockchain is a technology for production relationship.
So you kind of reshape, you know, how people work with other people or entity new word going to reshape by both AI blockchain technology as well.
So I think the blockchain can do so much more other than just the financial applications.
Sure, sustainability is our focus, but I believe it's going to be more just finished about the dot-com establishment.
You know, there are many dot-com companies, right?
Sohu, Yahoo, those kind of companies.
But eventually, you know, we kind of enjoy different type of applications like Google, like Amazon, Facebook, Airbnb, Uber,
those kind of utility applications. So I believe 2025 is going to be the starting point
for the next phase or second stage of the blockchain. It will be, let's say, from
narrative-driven to be more utility-driven, from infrastructure-focused to be application-focused,
from, let's say, technical deliveries to the user growth,
let's put it this way.
So I think what I believe is, you know,
is for the blockchain world, entire blockchain world,
for the blockchain world, entire blockchain world,
there's still lack of or less focus
on the utility applications so far.
And we wanted to, let's say VeChain wanted to raise up the flag,
leading people, leading others, showing the good examples
to build more and more utility applications
and eventually onboard massive or billions of the users to the
blockchain world yeah getting away from fomo and focusing on building yes the long-term sustainable
sustainability plan right yeah and also long-term value proposition yeah exactly so i was browsing
through the questions we have i think around 350 questions in the comments. I will try to read some. I cannot browse them all over a lot, but just randomly pick. So a question from Clown. How does VBetterDAO balance the influence of individual users versus the enterprise partners in its community-driven decision-making process.
What metrics are used to evaluate the success of this balance?
Yeah.
Well, firstly, I believe the Web3 world is with the blockchain technology and the crypto
will be so much different than what we have been experiencing in Web1 and Web2.
And especially about Web3, it's always about a user-centric.
The users are no more just the consumers,
whatever for all the goods or even application or services.
The users will be more than just consumer,
but also owners of whatever you are creating or whatever the data you're contributing to the networks.
So in order to, let's say, I would say like the future blockchain application is no more just enterprise platform serving millions of the users,
that kind of deal.
It's more like enterprise going to work with the users
in the more equivalent positions.
It's just the different people are doing,
or different enterprise and the individual users
are doing the different jobs.
jobs but you know they're all creating um the different type of data and eventually the
But they're all creating the different type of data,
monetization will share across um the enterprise users and the individual users through the crypto
flows i even made a example um last week in singapore i said considering the the IoT as like hands of eyes, so connecting to the world, collecting the data, and AI more like brains, right, to process the data like a human being.
And blockchain is more like a robust infrastructure and like a body structure to support the entire system, and the crypto or token considered as a blood
to flow through the entire system,
connecting and activate the different functions.
So in summary, I would say,
you know, the future Web3 applications
will include the enterprise and individual users together.
They just, you know, play the different role in the future applications.
And back to the original question,
the VBAT at all is a perfect platform
to having the enterprise and individuals
are building something together
and enjoy the value by growth.
So I give an example,
UFC just get the new application,
join the VBetador ecosystem,
it's called BYB, build your body.
So basically to UFC,
they like to engage the fans.
They like to, you know,
grow the build your body, that kind of the things to the fence, encourage everybody,
take care of your body, build up your body, live healthy, live more healthy way.
So let's say with this type of the interactions, we can see like enterprise building up application to engage with individual
users. Or from the other way, some of the some of the application even coming from the small startup
or individual developers, it could be elaborating, collaborating with a different type of enterprise.
I saw the opportunity like, for example, like a school up, which is the application to incentivize people to walk the dog, pick up the dog poops.
So they can collaborate with the dog food company in some way.
Or the mug shop could collaborate with the coffee brands, coffee shops to incentivize people to go sustainability together.
So like I mentioned, it's just a different type of enterprise or different type of roles
coming from or jobs coming from enterprise and individual users.
Yeah, thank you.
I'll try to add a person from the audience who, like, we have dozens of them requesting to speak.
So I've added one.
I've added Zhuk as a speaker.
So if anyone...
Hello, can you add me?
Yes.
Can I ask my question?
Can I ask my question?
Yes, sure.
Yes, sure.
Sure.
My question is, how does VeChain ensure privacy protection for users and service providers on its blockchain platform?
Sorry, I didn't hear you very clearly.
You were saying privacy?
Yeah, yeah.
Well, actually, you know, privacy is one of the basic nature coming from the blockchain networks.
So basically, you don't need to, let's say, do so-called a KYC process to use any kind of application.
You can just use your wallet address right for sure from the other angle from the other
angle try to onboard the web 2 users it's a bit challenging for especially for web 2 users because
you know operating the crypto wallets or managing the private keys it quite a hassle for most of the
non-crypto users. Actually, on this point,
many applications start to use a social login
to, you know, onboard the web tool users
to, let's say, you can log in with your Apple ID,
you can log in with your, let's say, Google account
and start to use applications.
So, but on the blockchain level,
there is no your personal data,
your, let's say, your KYC information.
There is no such thing on the blockchain.
Yeah, we should know that.
So, really good question from the comments again.
So, a comment from Lance.
VeChain Renaissance EVM compatibility aims to boost interoperability, reading a question from the comments again so a comment from Lance the V chain
Renaissance EVM compatibility aims to boost interoperability right so how
this enhanced V chains appeal for retail and logistics apps compared to let's say
speed focus blockchains like Solana and logistic apps, this is what he asked.
Okay, we can focus on retail for now.
Okay.
Well, yeah.
Well, firstly, the V10 Renaissance has three purpose or three goals, three targets, right?
Number one is enable real decentralization to get, you know, the retail people, like I mentioned.
Even if you are not a technical person, you can participate in the network consensus and earn the rewards.
That's the first.
Secondly is to, let's say, Vechain Renaissance is following the requirements coming from the regulations, make the V-chain blockchain more legitimate for any future authentic use cases,
legitimate use cases,
whatever coming from enterprise or the retail developers
or retail users even.
And also number three,
I would say it's following the network security enhancement, the technical capabilities into probability like we collaborating with OneChain to connecting to more community members, communities from the other blockchain platforms.
from the other blockchain platforms.
It really just, you know,
build up the robust infrastructure
to be able to onboard billions of the users, I would say.
And on top of everything,
I would say the utility-driven or user growth-driven,
along with the attractive APY doing the staking
or doing the participation in the VBAT at all,
that kind of the ecosystem,
will really attract the users
to go with the cross-chain protocols
or join applications directly in the Vechain ecosystem
to be with our users.
So, yeah, that's the purpose of Vechain Renaissance.
That's the purpose of VeChain Renaissance.
Yeah, sounds good.
Yeah, sounds good.
Sunny, is there anything we didn't talk about yet in this space
and you think is very important for people to know about VeChain and what's happening next?
I would say I just wanted to call for actions.
Check about Stargate, check about the official account of uh vt in x.com
to stay tuned with most of the updates especially about uh vt renaissance upgrades we're going to
have a higher boost are coming up very soon and um you know don't miss about those attractive apys by
staking vd and also check with vbetter.com to be a user if
you are you know interesting you want to be your own hero to make the world
better place there must be some applications you will like that yeah
yeah so call to action again from us well don't forget to follow Sunny's
account and VChain's official account as well for more updates and news.
You're coming from the inside.
Don't forget to follow us as well for more excited spaces like this one.
And if we are wrapping up, huge thanks to you, Sunny, and for VeChain team for making this space happen.
Sure. Thank you very much.
And we are always open to host you here in the future when you have more updates for us
we will
be excited to host you again
so just to keep this in mind
I appreciate that
so key takeaways
from this space like Stargate
staking launch, Renaissance tech upgrades
vbetters growth
X2R for sustainability, rising institutional
adoption, right?
Just in short.
Yeah.
Yeah.
Thanks for tuning in, everyone.
Have a nice day, evening or morning, whatever you are in the world.
Don't forget your tasty pasta, Sani, for today.
Yeah, for today.
Yeah, I will.
I have been away from home for like six weeks and can't wait to have a pasta and a pizza.
Oh, nice, nice.
Have a great meal then.
Yeah, thank you so much.
Okay, everyone stay safe and trade smart as usually.
Bye.
Thank you, guys.
Bye-bye.
