Two versions are available regarding the correct writing of «Vatopedi» Monastery; The first version «Vatopedi» derives from the Greek words «Vatos» and «pedinos» (lowland in Greek), while the second one “Vatopaidi” derives from the Greek words “Vatos” and “paidion” (a later version of the word “pedinos”). Moreover, multiple versions exist regarding the exact date of its founding. Tradition refers to Constantine the Great (361-363) as the founder of the Monastery, followed by Theodosios the Great (379-395). Historical documents cite the reestablishment of the Monastery by the grandees of Andrianople, Athanasios, Nicolaos and Antonios, all disciples of Saint Athanasios the Athonite, who motivated them to reestablish the Monastery. Documents cite a person bearing the name Nicolaos as the abbot of the Monastery, who was followed by Athanasios during the years 1020-1048, and then by Antonios in 1142. Based on historical documents, the Monastery of Vatopedi was reestablished during the years 972-985.
The Holy Monastery of Vatopedi ranks second in the hierarchy of the Athonite monasteries and consists of an imposing complex of monuments, particularly awe-inspiring, since it is enclosed by a high wall and the buildings are located on an impressive triangle shape. The primary church of the Monastery is the church dedicated to the Annunciation of Theotokos (Virgin Mary). The Monastery respectly holds a variety of precious objects, such as the Cincture of Theotokos, the holy belt, which is kept with reverence in a golden case, the legendary chalice «Iaspis», and many other treasures bearing royal inscriptions. In the central church, one can admire the mosaics on the walls, one-of-a-kind in the Mount Athos, as well as the frescoes, which were painted in 1312, being a focal point of the Renaissance period of Palaiologos. The Vatopedi Monastery consists of 31 chapels in total, 12 of which are located into the Monastery.
Nowadays, the Monastery is inhabitated approximately by 100 monks and stands out for the activities taking place there. During the last decades, the Monastery has become particularly renowned for the candle making, tailoring, and carpentry, as well as for the workshops available in the Monastery for the maintenance of relics and the production of handicrafts.