NFTs have a true purpose. After the NFT hype and craze has subsided it is important to look into the reality of NFTs. NFTs have more use cases than just art. Other than that VeChain were always focused on using Blockchain technology for sustainable projects, thus creating a more sustainable world. They are focused on delivering products worthy for the community. The VeChain blockchain based technologies are already being used in many kinds of industry.

VeChain ranked to be the 7^th most active cryptocurrencies in 2022.

Vechain has been highlighted in the paper “Conceptual Integration Of Theoretical Perspectives On Block Chain Technology And Its Scope In Oman’s Health Care Sector”

Vechain Foundation, expressed, “The scope of application for NFT is tremendous, to say ‘revolutionary’ is not hyperbole. Unique digital identities can be applied to anything – an apple, a land deed, an ISO certificate.”

Borovik.eth, “Back in 2017, when I first got into crypto, a project named Vechainofficial caught my eye. They were creating a blockchain to fight against the counterfeit market and overall make the supply chain of a business more efficient and transparent.

Ranging from stopping counterfeit Louis Vuitton handbags, car overclocking, and even being used for over 100 different products sold in over 400 Walmart’s in China! VeChain was the leader in the NFT use-case department.

In 2019, I helped a small company put some of their products on Vechain’s blockchain using a 3rd party system which stored all the metadata. How it worked: Customer buys product, then scans QR code which leads to 3rd party site.  Once on this site, they enter their email to claim the NFT and thus no one else can claim the same product twice, which means if a counterfeiter wanted to profit off the original, they would first have to buy the product in order to have the QR code (can only be scanned once).

This is because selling a counterfeit without the unclaimed NFT would prove that the product is not authentic. this is just a tldr version of what an NFT was originally before we started using it for art. The art definitely was a major part of what made NFTs reach the masses!”

Community Opinion:  Of course, NFTs were not supposed to be JPEGs. Only greedy people decided to make tons of money out of some random pictures. “It’s art” they said.