Well that's just not correct. They're launching their own blockchain on Feb 26th with the rebrand to VET. Thor will be their version of GAS, and VEN holders will receive VET just for holding, extra for nodes. VEN has been lining up huge partnerships left and right, they are setting up to be HUGE in this space. Wabi sounds cool as well, but VEN is certainly positioning themselves to be #1 in this sector based off the partnerships alone...PWC, DNV GL, Renault, Chinese Tobacco, with loads more announcements coming and one huge one leaked yesterday.
Q2, Feb 26th is the date of the rebrand ceremony.
I see no use. The funny thing is there is another guy creating a similar group. What’s the point? :)
wabi is more b2c while walton is b2b. vechain is also b2c which makes it a direct competitor of wabi.
they both seem to have partners, but walton is also focused on other tech and has child chain design which I dont understand as of now. I think what it means that other developers can build smaller blockchains below walton like a pyramid or something where each child chain is communicating with parent chain exchanging data and info. This essentially allows walton to target a wider market. But I might be wrong and I am no expert in blockchain.
Wabi is not shit, on the contrary, I believe it has potential to grow.
Wabi's business development capabilities in China are dwarfed by VeChain. They also exaggerate their relationships. Anyone (and I mean anyone) with a business license in China can open a shop on JD.com but they parade this "achievement" around like they're making huge headways in e-commerce. The CEO publicly attacked both VeChain and the city of Gui'an (which is a national level administrative region and by proxy, is an attack on the national government), the Chinese don't take them seriously and they don't have any Chinese on their team. Wabi isn't direct competition for the same reason that a mom and pop burger shop isn't direct competition with McDonalds.