- VeChain is driving blockchain advancement with a series of new innovations.
- Some of these innovations include VebetterDAO RWA push and Charge2Earn among others.
Vechain (VET), a leading blockchain solution for real-world applications is expanding its reach with current ecosystem development. Accordingly, the blockchain has launched exciting innovations like VORJ, VebetterDAO, Charge2Earn, Thorchain, and Vetonsberg to revolutionize industries, the environment, and Real World Assets (RWAs).
VORJ: An Innovative Web3 Service Product
Described as an “innovative Web3 as a service product”, VORJ is a simplified tool that permits users to create tokens, deploy NFTs, and launch decentralized apps without coding. This tool eliminates the limitations of blockchain adoption that require businesses and developers to have technical skills.
According to an earlier report from Crypto Key News, building on VORJ requires creating a team and assigning roles to members. This step is then followed by creating a project and organizing smart contracts. One unique feature that distinguishes VORJ is its zero-fee structure. It uses cutting-edge VeChain technology, such as fee delegation, to guarantee that its users are free from transaction fees.
VeTonsberg: Tokenizing RWA
Launched by VeChain earlier this week, VeTonsberg is a solution that promises to be a game-changer for tokenizing Real-World Assets (RWA). VeTonberg provides a one-stop solution for users to tag products using blockchain’s transparent, tamper-proof features, and NFC chip anti-counterfeit encryption technology.
Are you looking to tokenize real-world products?
VeTonsberg offers a comprehensive solution for product tagging using blockchain technology’s transparent and tamper-proof features combined with NFC chip anti-counterfeit encryption technology.
Learn more: https://t.co/bhH0jeZO2H pic.twitter.com/UDkKIISNsr
— VeChain (@vechainofficial) July 3, 2024
Users get an extensive range of tags, and product landing pages available with a simple scan with mobile and web applications to customize the experience. With four simple steps, entrepreneurs can add a digital dimension to their products using VeTonsberg:
- Create your product information: Using the VeTonsberg web app, define your products and add images and videos you would like your clients to see.
- Insert the tag into your product: Find the best location in your products such that it is easy for your client to scan.
- Link the tag with your product information: Simply scan the tag you have inserted with the iOS / Android app and easily link to the product information.
- Monitor your products: With the help of the web app, you may quickly view every product you’ve tagged.
VeBetterDAO: Advancing VeChain’s Governance
VeChain recently launched the VeBetterDAO mainnet to advance governance in its ecosystem. Specifically, the mainnet launch allows users to swap their B3TR tokens for VOT3 to participate in the first voting round. Reiterating Crypto Key News’s earlier reports, users taking part in the first mainnet voting round have the opportunity to win prizes.
VeChain’s VeBetterDAO project seeks to serve as the cornerstone of a cross-sector sustainability dApp ecosystem that encourages, rewards and encourages user engagement. The platform aims to onboard businesses and individuals with relevant causes and innovative dApps.
The dApps open for voting include Cleanify, Mugshot, Green Ambassador Challenge, GreenCart, Book Club Non-Fungible (NFBC), Oily, EVearn, and Vylo. To participate in the voting, users must swap their B3TR for VOT3 before 23:59 GMT on Sunday.
VeChainThor’s Dual Token System
VeChain recently introduced a dual token system (VET and VTHO) on VeChainThor persistent unpredictability of transaction costs. As previously reported by Crypto Key News, VET acts as the value transfer token within the VeChainThor blockchain, similar to a digital currency. VTHO, on the other hand, is the fuel that powers transactions and smart contracts.
By decoupling transaction costs (VTHO) from the overall value of the network (VET), VeChain prevents fees from skyrocketing during periods of heavy use. This makes VeChain more predictable and attractive for businesses looking for a stable platform.
VeChain’s Charge2Earn Application
VeChain’s innovation continues with a partnership with Tesla to launch the Charge2Earn application. This eco-friendly dApp allows Tesla owners to earn rewards for eco-conscious driving. By linking their car’s computer with the Charge2Earn app, Tesla drivers can track their energy consumption and distance traveled. The more eco-friendly their driving habits, the more rewards they earn.
This initiative perfectly aligns with VeChain’s commitment to sustainability and creating a more user-friendly blockchain experience. It is a win-win for Tesla drivers, the environment, and the overall adoption of VeChain technology.
