VeChain, in partnership with EVearn and Tesla, introduces the innovative ‘Charge2Earn’ dApp, incentivizing eco-friendly driving practices. This collaboration showcases the power of blockchain in sustainability efforts and has the potential to increase VeChain’s overall value.
Reported recently by CNF, VeChain has joined forces with WoV Labs to explore ‘Phygital’ tokenization, a groundbreaking concept that merges physical and digital assets using Web3 technologies. With a focus on mainstreaming sustainability, VeChain is leading the way in encouraging collective action for positive environmental impacts, engaging communities in eco-friendly initiatives to make a real-world difference.
The ‘Charge2Earn’ application, powered by VeChain and tailored for Tesla vehicles, was unveiled by blockchain influencer Collin Brown on his X account. This app connects seamlessly to Tesla’s computer systems, monitoring energy consumption and distance traveled to reward users with discounts on charging and other perks. VeChain’s robust technology ensures the security and reliability of this process, safeguarding against any potential fraudulent activities.
In response to queries from the community on X, it has been confirmed that although the app currently supports Tesla vehicles exclusively due to their open operating system, plans are in motion to expand these features to other electric vehicles in the future. This expansion will allow users to leverage the dApp in conjunction with their vehicle’s onboard data to earn rewards, with further details to be disclosed in an upcoming article.
With 3.5 million B3TR tokens currently in circulation and a Total Value Locked (TVL) of around 1.37 million USD, there is a growing interest and investment in sustainable blockchain applications. VeChain (VET) is currently trading at $0.03541, reflecting a 1.61% increase in the past day and a 0.22% rise over the last week. These positive market movements underscore the favorable response to the collaboration between VeChain and VeBetterDAO, which aims to integrate blockchain technology into sustainable practices. Investors are optimistic about this development, as evidenced by the rise in VeChain’s market value.
For more information on VeChain, check out our recommended guides on buying VET, setting up a VET wallet, monitoring VET prices, and staying updated on the latest VeChain news.
