Internazionali BNL d’Italia Teams Up with VeChain.

 

VeChain has recently announced that it has become an official partner of the Internazionali BNL d’Italia.With this collaboration, VeChain will be able to demonstrate its capabilities as a leading blockchain platform to a global audience. In addition, the network has signed a multi-year collaboration agreement with the tennis governing body.

According to VeChain most recent publication, it will be vital in phygitalizing the Internazionali BNL d’Italia 2023 awards. The exhibition will be displayed in Rome from May 8 to May 21. This will be the first time in ATP history that trophies will be phygitalized.

Internazionali BNL d’Italia (IBI) is one of Italy’s largest events, attracting an average of 500,000 spectators throughout the competition. The event will provide numerous opportunities for VeChain to demonstrate its real-world applications. The winners will get trophies imbued with VeChainThor’s power. In addition, real-world applications will offer VeChain-powered NFTs to global enterprises and individuals.

The term phygital is a combination of the words physical and digital. It refers to the process of imbuing physical items with digital identities through the use of NFT, NFC, and blockchain technology. There are several applications for phygitals, and they apply to almost every industry.

The NFTs attached to the built-in NFC chip serve as evidence of ownership for IBI 2023. It is immutably allocated to a winner and serves as a certificate of authenticity, eliminating any possibility of fraud. VeChain’s action demonstrates blockchain’s capacity to provide unrivaled levels of data protection.

In addition, VeChain has made it possible for attendees to win phygital rewards. When the tournament begins on May 8, users can claim VeAce NFT from the designated landing page. VeChain and its partners are educating the general public about real-world use cases that have the potential to alter society drastically. Their work with Internazionali BNL d’Italia (IBI) is the most recent example of this technique, demonstrating how VeChain can aid even the tennis world by utilizing blockchain.