VeChain announced that UFC fighters' gloves will be tokenized on the VeChainThor network, with NFC chips recording fight data to verify authenticity. After fights, gloves will be donated, becoming collectors' items. Buyers can verify authenticity through smart contracts. The system aims to prevent fraud in the secondary market. VeChain's ToolChain system will be used to track items. 12 exclusive gloves will be given to celebrities like Joe Rogan. Mixed reactions were seen on VeChain's Reddit board, with some excited about the new use case, while others doubted the impact on VTHO burning. VeThor's market cap was over $283 million as of April 12, ranking it among the top 300 cryptocurrencies. The VeChain Foundation's $1.2 billion treasury in May 2022 led to a $100 million sponsorship deal with UFC in June of the same year. Read more AI-generated news on: https://app.chaingpt.org/news
