Breyer Capital Removes Ethereum, Adds VeChain To Portfolio

The leading global venture capital firm Breyer Capital added VeChain on its portfolio but removed Ethereum as one of the three blockchain companies. Let’s read more in the upcoming vechain vet news.

While the Vechain community speculated the reasons, there was no official statement made by Breyer Capital. The company is among the leading venture capital and private equity investor which is mostly focused on promoting entrepreneurs with major influence in China and the US. Breyer Capital removed Ethereum from its portfolio as one of the VeChain community members noted the day before after checking the company’s website.

In the meantime in the Vechain vet news, the company listed Vechain as one of the blockchain companies alongside Circle and High Fidelity. Etheruem was not displayed at the time of writing. Also, there were some extremely bullish signs within the Vechain community as well. Breyer Capital was founded by Billionaire Jim Breyer in 2006 and led multiple Series A investments in the past including companies such as Spotify, Etsy and invested in Grammarly, Facebook, and Marvel. Within the crypto community, there were some concerning reasons for the company’s decision. The rumors are unconfirmed and unfounded since they are related to the audit specifications for Ethereum 2.0 phase 0 was completed.

As Vitalik Buterin explained, the launch of the new network is expected to start in April. The launch date was not confirmed yet. In addition, Ethereum enhanced its position as the number one blockchain for smart contracts on the market. Erns and Young published a Baseline Protocol which provides a solution for large companies to map business processes privately with the help of the Ethereum blockchain. VeChain as well, as able to increase the adoption in China thanks to the new partnership with the Chinese natural gas giant Shanghai Gas that uses the Thor blockchain from the VeChain platform.

According to the VeChain Vet news, the foundation says the solution will be rolled out to the energy companies and it will serve as an ‘’Energy-as-a-service’’ ecosystem. The VeChain foundation entered into a partnership with the Chinese Anhui Tea Association and got promoted for the first time since February.