VeChain’s Tokenomics Revolution: Staking NFTs Boost Engagement, But Can It Escape the Price Drop?

VeChain has rolled out a major tokenomics overhaul aimed at boosting engagement and rewarding active participants. The ‘VeChain Renaissance’ update introduces staking NFTs, allowing holders to earn rewards for contributing to network security. This comes as VET struggles to break above its recent $0.0268 price point after a 13% weekly drop. The new framework involves Staking NFTs: holders can pledge their VET tokens as Economic Nodes or X Nodes to create Delegator Staking NFTs. These NFTs then contribute to Validator Nodes, which receive a share of block rewards. This incentivizes active network participation and encourages decentralization. urthermore, VTHO tokenomics are being revamped with a dynamic reward system tied to network usage.