The VeChain team announced via X (formerly Twitter) on Wednesday that it has partnered with Venum Brazil. Venum Brazil recently opened a flagship store in Sao Paulo and designed a bespoke apparel collection honouring MMA legends and integrated VeChain’s NFC, NFT and blockchain technologies.
This new partnership highlights the importance of VeChain’s global UFC partnership, opening doors and conversations with leading global brands, as well as allowing the VeChain team to provide incredible opportunities to their community and build bridges beyond.
VeChain Thor (VET) is a blockchain with the posited goal of solving real-world economic problems. VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities. VET is up by 2% so far today and is currently trading at $0.01924.