VeChain has experienced a significant increase in new users, with 160,000 new addresses being added to its blockchain network since the beginning of the month. This surge in adoption is largely due to VeChain’s partnership with Coinbase through the Learn program, which has allowed the platform to showcase its capabilities to over 100 million Coinbase users.
VeChain’s blockchain network has been outperforming its competitors, achieving new milestones on a regular basis. The latest achievement is the addition of 160,000 new addresses in just three weeks.
The platform took to social media to announce this accomplishment, attributing it in part to the ongoing Coinbase Learn program. This program, which launched on November 8, featured VeChainThor, the enterprise-grade blockchain, on the American exchange for the first time. VeChain and Coinbase have been building a relationship since VET and VTHO were listed on the exchange earlier this year.
The Coinbase Learn campaign consisted of two tasks: Simple Learn and Advanced Learn. In the Simple Learn program, users participated in educational quizzes and were rewarded $1 for each correct answer. The quizzes were designed to educate users about the Proof-of-Authority consensus mechanism, the twin token model, and the network’s governance.
Under the Advanced Learn program, users were required to download VeWorld, the self-custody wallet developed by VeChain. Through this wallet, they had to explore dApps in the VeChain ecosystem and had the opportunity to earn $10 worth of VET.
The goal of the program was to have 750,000-1,000,000 Coinbase users complete these tasks, thereby significantly increasing the number of addresses and users on the VeChain network. The partnership with Coinbase has proven successful, resulting in one of the highest uptakes in recent times for the VeChain network.
VeChain has established itself as a robust blockchain ecosystem, with a particular focus on sustainability. Its partnership with the Boston Consulting Group has been transformative, as they work together to create blockchain biospheres centered around individual users’ actions in building a sustainable future. Users are rewarded for their actions, incentivizing positive behavior and contributing to the collective good.
As adoption of VeChain continues to surge, the VET token is expected to benefit from these initiatives. Currently trading at $0.02091, the token has experienced a 3.34% increase in the past 24 hours.
VeChain is positioning itself as a leader in real-world blockchain adoption, with a strong network of enterprise partners. The platform invites users to join them in building the future of crypto on VeChain.