SolarWise Announces the Launch of Its Solar NFT Collection on the VeChain Blockchain

Full-service solar energy installation company SolarWise has announced the official launch of its Non-Fungible Token (NFT) collection Solar NFT.

Full-service solar energy installation company SolarWise has announced the launch of its Non-Fungible Token (NFT) collection Solar NFT. According to the report, the NFT would be available for purchase on October 23 via VeChain’s (VET) Web3 marketplace MaaS.

Each Solar NFT would be a representation of a solar panel, with the company taking in proceeds from electricity sales while remaining compliant with Swiss regulations. For small investors, the Real World Asset NFTs would provide a rare opportunity in renewable energy and ensure that entry barriers are eliminated using the Regenerative Finance (ReFi) principles.

“Digging” into this initiative, CNF discovered that the initial solar farm would provide a limited supply of 200 solar panels. Each panel would also be represented by a single Solar NFT, making a total of 200 Solar NFTs available for sale.

Our research confirms that the Solar NFTs would be purchasable in fiat via credit cards and VET, with future cross-chain integration available with Metamask. For now, each Solar NFT would be sold at $387.2 (fixed) or its equivalent of 15,236 VET.

More About the SolarWise-Vechain Collaboration

According to the information on its website, the company is not responsible for changes in tokenomics or market conditions, and there is no guarantee of returns.

“Solar NFTs represent ownership of a solar panel, with no guaranteed returns. Any potential returns are based solely on the farm output and offerings from the solar constructors. SolarWise OTS is not responsible for changes in tokenomics, project structure, legal frameworks, solar farm performance, market conditions, or any factors affecting the NFT value or performance. Products and services are subject to change and may not be available in all jurisdictions,” the company noted on its website.

SolarWise discloses that it operates on the VeChain blockchain to ensure transparency and accessibility in its investment in renewable energy. Through a secured grant from VeChain, it is also working towards its mission of subjecting the renewable energy industry to a significant revolution.

“Through our Solar NFT platform, powered by VeChain, SolarWise facilitates ownership in solar panels, pioneering a new era of inclusivity and sustainability in the industry, and advancing the ReFi movement. Backed by a grant from the VeChain Foundation, we’re accelerating our mission to revolutionize the renewable energy landscape. This endorsement further solidifies our commitment to innovation, driven by VeChain’s robust technology,” a statement on the company’s website reads.

This groundbreaking move appears to be one of the several collaborations secured by VeChain this year. Just recently, we reported that the blockchain company has joined hands with Boston Consulting Group (BCG) to cement its position in the Real World Assets industry. On top of that, we disclosed that VeChain has partnered with UFC to expand its VeBetter sustainability applications.

At press time, VET was trading at $0.022 after surging by 3.8% in the last 24 hours.