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- VeChain teams up with EVearn and Tesla to introduce the ‘Charge2Earn’ dApp, incentivizing sustainable driving.
- This collaboration enhances the utility of blockchain in sustainability efforts, potentially boosting VeChain’s value.
Recently reported by CNF, VeChain has entered a significant partnership with WoV Labs to push the envelope on ‘Phygital’ tokenization, merging physical and digital assets via Web3 technologies. In their latest venture, VeChain joins forces with VeBetterDAO, aiming to mainstream sustainability by leveraging collective action for environmental impact. This initiative encourages community involvement in eco-friendly activities, amplifying their real-world impact.
Charge2Earn: Driving Sustainability with VeChain and Tesla
Collin Brown, a prominent figure in the blockchain community, revealed exciting news on his X account: the introduction of the VeChain-powered ‘Charge2Earn’ application for Tesla vehicles.
🚗 Exciting news! The #VeChain-powered EVearn's 'Charge2Earn' app is coming to #Tesla cars soon! 🎉 Here's how it works: EVearn connects with your Tesla's computer to track usage – like energy and distance. Get rewards like charging discounts or freebies! VeChain ensures safety… pic.twitter.com/YknP03Rfdh
— Collin Brown (@CollinBrownXRP) June 5, 2024
This app connects to Tesla’s computer systems to monitor energy use and distance traveled, rewarding users with charging discounts and other incentives. VeChain’s technology ensures the integrity of this process, safeguarding against fraudulent activities.
Market Impact and Future Expansion
In response to community inquiries on X, it was noted that while the app currently supports only Tesla due to its open OS, plans are underway to extend these features to other electric vehicles.
You will be able to use our dApp in combination with data from your Tesla's onboard computer to earn rewards. More details to follow in an article!
— evearn (@EvearnB3TR) June 5, 2024
Presently, 3.5 million B3TR tokens are in circulation with a Total Value Locked (TVL) of approximately 1.37 million USD, highlighting the growing interest and investment in sustainable blockchain applications.
As of this writing, VeChain (VET) is trading at $0.03541, marking a 1.61% increase over the past day and a 0.22% rise over the last week. These gains underscore the positive market response to the collaboration between VeChain and VeBetterDAO, which aims to integrate blockchain technology into sustainable practices. This development is viewed optimistically by investors, as evidenced by the positive movements in VeChain’s market value.