• The VeChain network anticipates exponential growth in the future with the development of the Digital Village for retail purposes.

• The $4 million fund is expected to be channeled to create advanced avatar customization and a virtual storefront to enable brands and creators to deliver immersive virtual experiences.

The VeChain (VET) ecosystem has received a major fundamental boost from several companies, including L’Oréal’s venture capital fund BOLD and the British Fashion Council, who have come together to develop a metaverse ecosystem. In particular, BOLD, Venture Reality Fund Venrex and the British Fashion Council, among others, have raised…