• SYME and VeChain’s Inventory Monetization Platform 3.0 will have a roadmap for upcoming Web3 features.
• It will basically include digital ownership, B2B marketplaces, NFT issuance, DeFi, and a governance protocol.

Blockchain business specialist VeChain Foundation is taking some key initiatives in its strategic collaboration with Supply@ME Capital PLC (SYME). The two players kicked off a collaboration earlier this year in June to build a first-of-its-kind ‘Web3’ inventory monetization system that will leverage blockchain, stablecoin and NFT technology, thereby helping creditworthy companies increase revenue. investor value.

As per the latest development, the project has entered Phase Two, which involves creating an “Inventory Monetization Platform 3.0” along with an expected roadmap for Web 3 features. This includes additional things like digital property, B2B markets, NFT issuance, DeFi and a governance protocol.

“Phase two involves the creation of an “Inventory Monetization Platform 3.0” with an expected roadmap of Web3 features, including NFT issuance, digital ownership and B2B marketplaces, DeFi, and more generally a protocol for governance”. ✌️#VeChain $FP #Finance #Deal #fintech pic.twitter.com/1h0jd9UmQA

—Eisenreich (@eisenreich) December 27, 2022

This development phase also includes a token that would help drive investments in inventory monetization (IM) transactions made via the Web3 route.

The agreement between the VeChain Foundation and Supply@ME Capital PLC (SYME) involved two phases of technology development and investment opportunities. The first phase offered a proof of concept comprising an inaugural transaction that was successfully implemented on September 12, 2022.

Phase Two will now look at creating an “Inventory Monetization Platform 3.0” with Web3 capabilities. the second phase will involve using the public blockchain VeChainThor to mint phygital (physical + digital) NFTs. Inventory Monetization (IM) transactions will also be funded by multiple liquidity providers, including retail investors and crypto asset managers.

Phase two of the collaboration

The second phase of this project between the Vechian Foundation and Supply@ME Capital PLC (SYME) will involve the evaluation of an innovative process that links digital assets with the real economy. Supply@ME Capital PLC (SYME) said that they are working with VeChain to improve automation between the platform and Vechain Thor’s blockchain services.

As stated, it would also unlock the opportunity to engage various liquidity providers with IM transactions. As a result, SYME is compiling a portfolio of potential client companies from its global portfolio to monetize approximately $50 million of inventory. In addition, SYME also reached out to the leading MakerDAO and Centrifuge communities to further explore IM transaction funding using the Centrifuge protocol and access to liquidity through DeFi.

Another important development in Phase Two will be the creation of a governance protocol. Together with other blockchain advisors, SYME has produced a strategic document on the launch of utility and governance tokens that will drive investments in instant messaging transactions via the Web3 route. Speaking about the development, Sunny Lu, CEO of VeChain, said:

We are always looking to collaborate with innovative companies driving digital technology. VeChain has demonstrated its ability to envision and subsequently implement new ideas and ecosystems that harness the revolutionary power of the blockchain. We recognized the same potential in Supply@ME and its innovative inventory management service tradFi-Defi. We look forward to working with them to co-develop these new systems and provide businesses with a completely new method of increasing the value of inventory monetization.