VeChain has partnered with EVearn and Tesla to introduce the innovative ‘Charge2Earn’ dApp, which promotes sustainable driving practices. This collaboration not only showcases the potential of blockchain technology in sustainability efforts but also has the potential to increase VeChain’s value significantly.
In a recent announcement by CNF, VeChain has joined forces with WoV Labs to explore the possibilities of ‘Phygital’ tokenization, bridging the gap between physical and digital assets using Web3 technologies. This new partnership aims to make sustainability more mainstream by encouraging community participation in eco-friendly activities, amplifying their impact on the environment.
The ‘Charge2Earn’ application, powered by VeChain and Tesla, was unveiled by blockchain influencer Collin Brown on his X account. This app connects to Tesla’s computer systems to monitor energy consumption and distance traveled, rewarding users with charging discounts and other perks. VeChain’s technology ensures the security and reliability of this process, protecting against fraudulent activities.
Despite currently being limited to Tesla vehicles due to their open operating system, there are plans to expand the app’s features to other electric vehicles in the future. The integration of VeChain’s dApp with Tesla’s onboard computer data has already attracted significant interest, with 3.5 million B3TR tokens in circulation and a Total Value Locked (TVL) of around 1.37 million USD.
VeChain’s market value currently stands at $0.03541, reflecting a 1.61% increase in the past day and a 0.22% rise over the last week. These gains highlight the positive market response to VeChain’s collaboration with VeBetterDAO, which seeks to incorporate blockchain technology into sustainable practices. Investors are optimistic about this development, as evidenced by the upward movement in VeChain’s market value.