VeChain has joined forces with EVearn and Tesla to unveil the innovative ‘Charge2Earn’ dApp, which rewards sustainable driving practices. This partnership showcases the potential of blockchain in promoting sustainability, potentially increasing the value of VeChain.
In a recent announcement by CNF, VeChain has formed a significant collaboration with WoV Labs to explore ‘Phygital’ tokenization, merging physical and digital assets using Web3 technologies. With this latest initiative, VeChain is working towards mainstreaming sustainability by encouraging collective action for environmental impact and community involvement in eco-friendly activities to amplify their effects.
The ‘Charge2Earn’ application, powered by VeChain, was introduced for Tesla vehicles, as revealed by blockchain enthusiast Collin Brown on his X account. This app connects to Tesla’s computer systems to monitor energy usage and distance traveled, rewarding users with charging discounts and other perks, all while ensuring the integrity of the process with VeChain’s technology.
While the app currently supports only Tesla vehicles due to their open operating system, there are plans in motion to expand these features to other electric vehicles in the future. Presently, there are 3.5 million B3TR tokens in circulation, with a Total Value Locked (TVL) of approximately 1.37 million USD, indicating a growing interest and investment in sustainable blockchain applications.
VeChain (VET) is currently trading at $0.03541, showing a 1.61% increase over the past day and a 0.22% rise over the last week. These gains reflect the positive market response to the collaboration between VeChain and VeBetterDAO, aiming to integrate blockchain technology into sustainable practices. Investors are optimistic about this development, as shown by the positive movements in VeChain’s market value.
