Component of the velvet transcription factor complex that controls sexual/asexual developmental ratio in response to light, promoting sexual development in the darkness while stimulating asexual sporulation under illumination (By similarity). The velvet complex acts as a global regulator for secondary metabolite gene expression (By similarity). Regulates of the response to reactive oxygen species (ROS) stress (PubMed:24632440). Component of the heterotrimeric velvet complex composed of LAEA, VEA and VELB; VEA acting as a bridging protein between LAEA and VELB (By similarity). Enriched in the nucleus in the dark (By similarity). The C-terminal PEST domain is a region rich in proline, glutamic acid, serine and threonine residues that is required for the light-dependent regulation of development and secondary metabolism (By similarity). Leads to reduced formation of conidia (PubMed:24632440). Belongs to the velvet family. VeA subfamily.