• VeChain achieved over 2 million transactions in August with updates to VeBetterDAO and new dApp tools.
  • VeChain’s $VET and $VTHO tokens are now available on Coinbase in New York, expanding market access.
  • New partnerships and industry recognition, including a feature in a blockchain research article, highlight VeChain’s growing influence.

VeChain has solidified its position at the forefront of tokenization and the Internet of Things (IoT) in the month of August. The platform has been actively enhancing its ecosystem, focusing on sustainability and technological advancement. The latest updates reveal impressive progress and ongoing development within the VeChain network.

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#VeChain WINS for the month of August! 🔥

There's a reason why @vechainofficial stays on top of the #RWA and #IoT trend, focusing on tokenization, sustainability, and internet of things!!

August Recap:

🔸 New Update on #VeBetterDAO – OnChain sustainability proofs for dApps has… pic.twitter.com/RkwKo5oXFr

— CryptoBusy (@CryptoBusy) September 3, 2024

Major Updates on VeBetterDAO

VeChain introduced new features on VeBetterDAO, marking a significant advancement in on-chain sustainability proofs for decentralized applications (dApps). Since its launch, the platform has seen substantial activity with 800,000 transfers of VOT3 and over 1.5 million transfers of B3TR, totaling more than 2 million transactions. These milestones reflect VeChain’s commitment to fostering a sustainable future.

Expansion of Development Tools

The introduction of dApp templates allows projects on VeChain to create and deploy dApps more efficiently. Additionally, the new SDK is witnessing 1,100 downloads weekly, while the dApp kit has garnered 490 downloads each week. The growing number of developers applying for grants and building on VeChain underscores the platform’s expanding influence and utility.

Industry Recognition and New Partnerships

VeChain has been featured in the ‘Blockchain 2030: Revolutionizing the Future of Digital Trust’ article by the International Research Journal of Scientific Studies. Furthermore, VeChain’s $VET and $VTHO tokens are now available to Coinbase users in New York. Partnerships with the Crypto Carbon Rating Institute and the recent audit by HackenClub further validate VeChain’s commitment to security and sustainability.

Ongoing and Upcoming Initiatives

VeChain continues to attract significant projects and partnerships. Noteworthy collaborations include Solarwise’s grant , the expansion of Oobit on iOS, and WovLabs’ integration of digital passport solutions into soccer jerseys in partnership with Empoli FC. The launch of the VeChain community forum on Discourse and various NFT projects also highlight the platform’s vibrant ecosystem.

VeChain’s continuous development and strategic partnerships in August highlight its pivotal role in the blockchain space. The platform’s focus on innovation, sustainability, and expanding its ecosystem positions it strongly for future growth and impact.

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