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- Since this month started, VeChain has welcomed 160,000 new addresses as the blockchain network continues to reap the benefits of its partnerships with established industry players.
- A key partnership has been with Coinbase through the Learn program where VeChain has been able to showcase its capabilities to over 100 million Coinbase users.
VeChain continues to record new milestones every other day as its scalable and cost-effective blockchain network outshines its rivals. The latest is a record-breaking 160,000 new addresses in three weeks as adoption soars.
VeChain took to social media platforms to reveal its latest win. “Since November 1st, we’ve welcomed just under 160,000 new addresses to VeChain, in part, attributed to our ongoing Coinbase Learn program, showcasing our capabilities and successes to over 100M KYC’d users,” the project revealed on X.
VeChain’s Coinbase Learn campaign went live on November 8, with the enterprise-grade blockchain VeChainThor was featured by the American exchange for the first time. The two entities have been forging a relationship since Coinbase listed VET and VTHO earlier this year.
The campaign rolled out in distinct tasks—Simple Learn and Advanced Learn. Under Simple Learn, users engaged with two educational quizzes, with each answer getting a $1 reward. The questions were tuned towards educating users about the Proof-of-Authority (PoA) consensus mechanism, the twin token model and how the network is governed.
Under the Advanced Learn program, users had to download VeWorld, the self-custody wallet developed by VeChain. Through the wallet, they had to explore dApps in the VeChain ecosystem and stood to earn $10 worth of VET for participating.
The target for the program was 750,000-1,000,000 Coinbase users completing the two tasks, and consequently, significantly pushing up the total number of addresses and users on the VeChain network.
“We are committed to promoting sustainable learning and participation; what’s exceptional is that we can do this on the world’s most trusted, respected, and legally compliant crypto platform — Coinbase,” VeChain’s founder Sunny Lu commented at the time.
The partnership has paid off and the network has recorded one of its highest uptakes in recent times.
“Join us, as we lead the charge of real-world blockchain adoption with groundbreaking tools, and a rich network of influential enterprise partners. Build the future of crypto on vechain,” the network stated in a rallying call.
VeChain Continues to Soar
VeChain continues to position itself as one of the most robust blockchain ecosystems in the world. One of its key areas of focus in recent times has been sustainability, and its partnership with the Boston Consulting Group has been transformative.
The two are creating blockchain biospheres where the focus is on the individual users’ actions towards building a sustainable future. Users get rewarded for specific actions that create a better world to incentivize better behaviour, ultimately leading to a movement towards the collective good.
In the long term, VET will benefit from all the initiatives as adoption surges. The token is trading at $0.02091 at press time, up by 3.34% in the past 24 hours.