VeChain [VET] wavers in the NFT space – can this launch turn things around

VeChain [VET] wavers in the NFT space – can this launch turn things around

April 19, 2023

By Dipayan Mitra

Realistic or not, here’s VET’s market cap in BTC’s terms

VeChain launched VORJ, a no-code Web3-as-a-Service platform.

VET’s price action favored the investors, but CMF and MFI were bearish.

VeChain [VET] has been witnessing a decline in its NFT metrics over the last 30 days. Santiment’s chart revealed that VeChain’s total NFT trade count and trade volume in USD declined. In addition to that, the number of unique addresses that bought less than $1,000 worth of NFTs also declined in the last few weeks.

This can change the scenario

However, VeCHain’s NFT ecosystem can flourish again with the latest launch of VORJ, Vechain’s ‘Web3-as-a-Service’ platform.

VORJ is a no-code Web3-as-a-Service platform that enables anyone to create, deploy, and interact with smart contracts on the VechainThor blockchain. This latest launch can greatly help VeChain in the NFT ecosystem. Additionally, VORJ also comes with NFT APIs, which provides aggregated data for NFT collections and tokens.