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Category: News, NFT News

VeChain Partners with EVearn and Tesla Through Charge2Earn dApp to Reward Drivers for Sustainability

  • 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 is 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.

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.

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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.

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