At a high production value, live streamed event, VeChain rebrands to VeChainThor, introducing a new name, logo, and new website. Both the CEO of VeChain, Sunny Lu, and the CEO of DNV GL's Business Assurance division, Luca Crisciotti, went on stage to announce the rebrand. This event is part of a larger transformation of the project that the team calls Apotheosis.

Contrary to popular belief, the rebranding does not include the launch of the mainnet. According to CEO Sunny Lu, this is set to launch sometime in June. The platform will be upgrading to V3.0, which allows for the usage of Thor power and for the creation of decentralized apps (dapps) for business appliances on the VeChain platform.

At the end of the event, a slide titled "The Rumor is True" announces a supposed partnership between VeChain and BMW. Little other information is provided with this announcement.