VeChain Foundation
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VeChain Foundation

The Future of VeChainThor: Enterprise NFT (eNFT) Ecosystem

The Journey and Future of Blockchain Mass Adoption

Non-Fungible Tokens: Towards Mass Adoption

Bringing eNFT Ecosystem To Life: What’s Needed

  1. The object linked to an NFT has to be of sufficient value such that the value generated from the value chain is well above the cost occurred (e.g., the cost of using blockchain and marketplaces), no matter whether it is a physical collectible or a piece of digital music or some kind of VIP service.
  2. The ownership represented by an NFT has to be enforceable. The NFT technology itself only does the job of mapping ownership onto some digital assets (NFTs) created on blockchain. By the open nature of blockchain, anyone who can afford the cost of using blockchain will be able to create NFTs for claiming certain ownership. Only when the claimed ownership can be enforced, does an NFT become more than a fancy commercial published on blockchain.
  3. NFT trading has to be fully facilitated. As a lot of value of NFT is generated from trading, we need to make sure that the underlying blockchain provides sufficient security, scalability, affordability and accessibility to the community. Moreover, services such as marketplaces, stablecoins and DeFi will be required in an eNFT ecosystem to facilitate effective and efficient NFT trading.

eNFT Will Lead The Charge For NFT Mass Adoption

  • Enterprises are more likely to bring quality NFTs into the ecosystem. As we have discussed above, the quality of NFTs plays a vital role for ecosystem sustainability. Comparing individuals that create NFT just for fun or as a moment, enterprises will have a clearer purpose when designing and developing NFTs. Moreover, to obtain the best from NFTs, they are fully motivated to develop/improve facilities (e.g., the NFT wallet, app or website) to improve user experiences. All of these would, to some extent, ensure the quality of NFTs.
  • Enterprises are natural ownership enforcers. It is because they have the liabilities to deliver products as they have promised to customers and are, therefore, fully motivated to make sure that the ownership associated with any NFT issued as the whole or part of a product is enforced. Any unfulfillment of the enforcement would incur real damage to company reputation, cause the loss of customers and eventually result in less profit.
  • Enterprises bring new users to the ecosystem. Once eNFTs are issued on blockchain, and become tradable on marketplaces, it would be natural for the eNFT owners and those who pay close attention to the eNFTs to join the ecosystem.

VeChainThor Is The Best Choice For eNFT Development

  • VeChainThor’s the Proof of Authority (PoA) consensus which has proven to be one of the most practical solutions for building an enterprise-grade public blockchain. More specifically, PoA ensures the high throughput by allowing nodes to best utilize the network bandwidth for transmitting transactions most of the time. It also guarantees sufficient decentralization of the network via demanding that there be sufficient qualified nodes directly participating in its consensus process.
  • The next generation of PoA, PoA 2.0 has been poised to further give VeChainThor an edge on other public blockchain platforms in the race of mass adoption. Without going into technical details, PoA 2.0 introduces the block-committee mechanism that not only improves network security but further lifts the theoretical upper bound of the maximum throughput of VeChainThor. Moreover, it provides block finality, an absolute guarantee on the safety of the public ledger.
  • A unique and well-designed dual token economic model is built in the protocol to safeguard the long-term sustainability of VeChainThor and its ecosystem. The model identifies and tackles the bottleneck of a single-token blockchain system where a single digital token would never be able to serve both as the medium of values and as the storage of values. This leads to:
  • Transactions are fast, cheap and secure on VeChainThor. Most major public blockchains that chose to use a single-token system would eventually impede themselves on their way to mass adoption, while VeChainThor steadily marches towards the goal of mass adoption.
  • VeChainThor protocol natively supports fee delegation that allows transactions to be paid by a third-party account. Such a mechanism allows enterprises to “hide” blockchain from their users and therefore, significantly improves the usability of their decentralized applications running on VeChainThor. Fee delegation has been built in many successful use cases and is one of main reasons enterprises chose VeChainThor.

Building The VeChain eNFT Ecosystem Together: An Invitation To The Blockchain dApp and DeFi Community

  1. Migrating PoA2.0 to the mainnet for better network security and scalability;
  2. Developing/improving dApp dev tools for further reducing burdens on developers;
  3. Bringing stablecoins to the ecosystem.



The VeChain Foundation, headquartered in San Marino, Europe, is the non-profit organisation behind the development of VeChainThor, a world leading smart contract platform spearheading the real world adoption of blockchain technology. Visit to learn more.

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Vechain, based in San Marino, Europe built VechainThor, a powerful blockchain enabling a sustainability revolution