Supply@ME Capital PLC (LSE:SYME) (SYME) said it is moving onto the second phase of its strategic collaboration with blockchain enterprise specialist VeChain Foundation.
Phase Two involves the creation of an "Inventory Monetisation Platform 3.0" with an expected roadmap of Web3 features, including the issuance of NFTs, digital ownership and business-to-business (B2B) marketplaces, decentralised finance and, overall, a governance protocol.
This will include a token which is expected to boost the investments into IM transactions performed via the Web3 route.
Phase One comprised an inaugural inventory monetisation (IM) transaction, providing a proof-of-concept, which was executed on 12 September 2022.
SYME said this deal continues to produce the expected returns with no foreseeable operational issues.