Quick Breakdown
- VeChain and BCG launch the VeFounder Program for Web3 developers.
- Developers gain ownership of dApps after reaching 100,000 users.
- The program starts with three live dApps tackling sustainability and food challenges.
VeChain, in collaboration with Boston Consulting Group, has launched the VeFounder Program to empower developers with ready-made decentralized applications (dApps) and eventual ownership rights.
VeChain and BCG Join Forces
Blockchain platform VeChain has teamed up with the Boston Consulting Group (BCG) to introduce the VeFounder Program, a new initiative designed to accelerate Web3 adoption. The program combines VeChain’s infrastructure with BCG’s business expertise, giving developers a chance to operate and eventually own fully functional dApps.
Path to Ownership and Rewards
Participants gain access to technical resources, strategic guidance, and B3TR token incentives tied to user engagement. Once a project reaches 100,000 users, developers will take full control of the dApp, including its intellectual property and treasury.
“The VeFounder Program redefines what it means to be a Web3 builder. Founders can take the reins of real, working dApps with active users, proven utility, and the full backing of our ecosystem,”
said Sunny Lu, CEO of VeChain.
Real-World dApps at Launch
The program kicks off with three live dApps targeting environmental and social issues, TrashDash encourages recycling and composting through token rewards, BiteGram promotes healthy eating by rewarding photo uploads of nutritious meals and Bye Bye Bites fights food waste by incentivizing the purchase of near-expiry grocery items.
Applications are now open for developers interested in scaling these platforms with the support of VeChain and BCG.
In 2022, VeChain executed the first blockchain-based NFT transaction to monetize inventory. It issued an NFT with a market value of approximately €1.5 million ($1,558,500) as part of an initiative to enable companies to raise capital without incurring debt by monetizing inventory on the blockchain.
Sunny Lu, said in a statement: “By deploying this, our companies together are able to limit a need for overproduction, promote sustainable global development, improve cashflow for businesses and create a new digital asset class which provides capital directly to the real economy. We”.
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