HomeNewsVechain's Tech Marvels: Dive into December's VeWorld and VORJ Updates

Vechain’s Tech Marvels: Dive into December’s VeWorld and VORJ Updates

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  • Vechain introduces a comprehensive tech update, including the VeWorld wallet, a new dApp kit, and enhanced Node Infrastructure.
  • Significant advancements include the integration of Fiat On-ramps and Ledger Live, and the development of Marketplace-as-a-Service (MaaS) and Account Abstraction.

In a substantial leap forward for blockchain technology, Vechain has announced a series of major updates to its ecosystem. These enhancements, ranging from the VeWorld app to the introduction of a new dApp kit, mark a significant stride in blockchain’s practical application and developer support.

VeWorld: A New Gateway to Vechain’s Ecosystem

The VeWorld mobile app, Vechain’s newly launched official wallet, has already seen significant adoption, with over 210,000 installations across Apple and Android devices. With the VechainThor mobile wallet being deprecated by the end of December, users are encouraged to transition to VeWorld, ensuring a seamless migration of their assets and key store.

Innovative dApp Integration and Fiat On-Ramps

Vechain’s commitment to enhancing user experience and expanding developer capabilities is evident in the upcoming release of the ‘Discover’ tab in the VeWorld app. This feature will allow users to effortlessly find, access, and interact with their favorite decentralized applications (dApps) directly from the VeWorld wallet.

Further bolstering its ecosystem, Vechain has integrated Coinbase Pay’s fiat on-ramp, enabling users to purchase VET directly from VeWorld. This integration will soon be complemented by another fiat on-ramp, Coinify, and the full integration with Ledger Live, allowing users to manage VET and VTHO on the Ledger platform.

Empowering Developers with the New dApp Kit

For developers, Vechain’s newly launched official dApp Kit marks a major advancement. Requiring minimal code, the kit simplifies integration with VeWorld, allowing developers to harness the platform’s robust wallet infrastructure.

VORJ: Bridging the Physical and Digital Worlds

Vechain’s flagship product, VORJ, continues to evolve, now supporting ERC-5660, which brings redeemable functionality to ERC-721 smart contracts. This update is pivotal in merging the physical and digital asset realms, positioning VORJ as a powerful solution in the burgeoning phygital marketplace.

Marketplace as a Service: A Game-Changer for NFTs

The upcoming Marketplace-as-a-Service (MaaS) module within VORJ is another milestone, with its front-end design phase completed and smart contracts audited by Hacken. This module will facilitate card purchases on the MaaS platform, revolutionizing the way NFTs are traded and utilized.

Introducing Account Abstraction and Token Bound Accounts

Vechain’s implementation of ERC-4337 Account Abstraction and ERC-6551 Token Bound Accounts introduces a new custody experience, where tokens can have their own smart contract accounts. This innovation is set to redefine user experience and security in the blockchain space.

Node Infrastructure and Rewards Platform Updates

Updates to Node Infrastructure and the successful launch of a new Node Rewards Platform are also part of Vechain’s comprehensive update. These enhancements ensure high-quality, reliable node operations and offer users detailed metrics and insights.

As Vechain continues to push the boundaries of blockchain technology, these updates not only highlight the team’s dedication but also signal a promising future for the Vechain ecosystem in 2024 and beyond.

Connect with Collin Brown on X (Twitter) for valuable market insights, frequent updates, and a touch of humor!

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Marcel Knobloch
Marcel Knobloch
Marcel is the managing partner of ETHNews and is also known as Collin Brown in the crypto community. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Marcel endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Marcel's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Marcel continues to be a driving force in the cryptocurrency community. Business Email: marcel.knobloch@hotmail.com Phone: +49 160 92211628