- A renowned crypto pundit has highlighted VeChain’s August significant strides in focusing on sustainability, Real-World Asset tokenization, and IoT.
- The Blockchain platform has also undergone key developments such as VeBetterDAO’s on-chain sustainability proofs.
VeChain is increasingly becoming prevalent in the blockchain space with its focus on sustainability, Real-World Assets tokenization, and the Internet of Things(IoT). Its footprint in the blockchain world is evident in its proactive partnerships and forward-thinking strategies. This has garnered widespread attention and is, therefore, gaining mass adoption.
The efficacy of VeChain’s blockchain is reflected in its market value. At the time of writing, VET, VeChain’s native token, is swapping hands with $0.02116, marking a 1.86% surge in the last 24 hours and leading to a $1,713,810,549 market cap.
VeChain made substantial progress in August. Evidently, one crypto analyst highlighted this significant milestone on the X platform.
#VeChain WINS for the month of August! 🔥
There's a reason why @vechainofficial stays on top of the #RWA and #IoT trend, focusing on tokenization, sustainability, and internet of things!!
August Recap:
🔸 New Update on #VeBetterDAO – OnChain sustainability proofs for dApps has… pic.twitter.com/RkwKo5oXFr
— CryptoBusy (@CryptoBusy) September 3, 2024
Kicking things off is the introduction of on-chain sustainability proofs for DApps. This strategic plan is a step towards a more sustainable and efficient blockchain ecosystem. Notably, the platform recorded over 800,000 transfers of VOT3 and 1.5 million B3TR transactions in just ten weeks.
Additionally, the crypto analyst highlighted the launch of DApp templates, enabling developers to create DApps more efficiently. Notably, the ecosystem continues to expand as VeChain’s SDK reached 1100 downloads per week, not forgetting the DApp kit that hit over 490 downloads weekly.
VeChainThor’s DAO has also witnessed impressive growth, with over 1 million transactions daily and over 140,000 VTHO generated.
VeChain’s didn’t just focus on technical advancements. According to the analyst, VeChain has walked the talk in making this a world with a lighter ecological footprint. It has become increasingly clear that the future of our planet hinges on our ability to practice sustainability, and with each passing day, this sector is becoming more critical globally. A collaboration with the Crypto Carbon Rating Institute (CCRI) highlights the platform’s commitment to sustainability. VeChain aims to reduce carbon footprints and tackle climate change through this strategic partnership.
Notably, VET and VTHO attained Coinbase support for New York users coupled with the announcement of a strategic partnership with the Crypto Carbon Rating Institute.
Continuing the innovation trend, VeChain’s MaaS platform successfully completed the smart contract audit by HackenClub. Moreover, VeChain received notable recognition through its inclusion in the “Blockchain 2030: Revolutionizing the Future of Digital Trust” article, published by the International Research Journal of Scientific Studies.
VeChain has also made significant strides in making strategic projects, such as Solarwise’s collaboration with VeChain and the Oobit partnership, which is driving iOS expansion. Additionally, WOV Labs partnered with Empoli FC to integrate digital passport solutions into soccer jerseys using NFC and VeChain’s blockchain technology, a creative application of blockchain in sports.
The VeChain ecosystem also launched a community forum on Discourse, fostering discussions and collaboration within its growing community.
