cryptonews.net
VeChain has entered into a major partnership with WoV Labs to expand the capabilities of “physical” tokenization, combining physical and digital assets using Web3 technologies. With its latest project, VeChain aims to achieve sustainable development by using collective action to impact the environment. This initiative encourages community participation in environmentally friendly activities, increasing their real-world impact.
The Charge2Earn app connects to Tesla’s computer systems to monitor energy use and distance traveled, rewarding users with charging discounts and other incentives. VeChain technology ensures the integrity of this process, protecting against fraudulent activities.
While the app currently only supports Tesla due to its open OS, there are currently plans to expand these features to other electric vehicles. There are currently 3.5 million B3TR tokens in circulation with a TVL of $1.37 million, highlighting the growing interest and investment in sustainable blockchain applications. At the time of writing, VeChain (VET) is trading at $0.03541, up 1.61% over the past day and up 0.22% over the past week.
Image: Binance Academy