The VeChain Foundation has taken a significant step towards its goal of achieving mass adoption and driving value for its network. They have filed for a trademark registration for V3TR™, aiming to enable collaboration between electronic communications networks, electronic devices, and traditional financial systems. This move could have a profound impact on integrating the cryptocurrency industry with the traditional financial system.
The filing, made earlier this month, has generated excitement among crypto enthusiasts. Collin Brown, a prominent crypto commentator, shared the news on the X platform, expressing his belief that the pending trademark could revolutionize digital currency transfers and crypto trading. He also speculated that central bank partnerships could be on the horizon.
The VeChain Foundation now awaits examination from the United States Patent and Trademark Office (USPTO) for approval of the filing. The registration aims to cover various financial services, including electronic transfer of digital currency, provision of digital currency for online communities, issuance and redemption of digital or cryptocurrency tokens, currency exchange services, and more.
Despite a minor drop in the last seven days, the overall trend in the crypto market has been affected by the fading hype around ETFs. VeChain’s token price, VET, is currently trading at $0.02994, representing a 2% decrease in the last 24 hours. However, CoinCodex predicts that VeChain will have a successful year in 2024 and reach $0.12 by the end of the year. The platform also suggests that VET’s all-time high price of $0.28 may not be reached until 2029.
In a recent interview, Sunny Lu, the CEO of VeChain, expressed his optimism for the project in 2024, considering it a milestone year. He believes that VeChain and the crypto industry as a whole will experience significant growth and development.
For those interested in VeChain, it is recommended to refer to the Buy VeChain (VET) Guide and VeChain (VET) Wallet Tutorial. Additionally, the 24-hour VET price can be checked for real-time updates. Stay informed with the latest VeChain news to stay ahead in the crypto market.