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Why VeChain Is Buzzing Again: Unpacking the Reasons Behind VET’s Second Trending Wave

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  • VeChain launches MaaS platform in collaboration with Gresini Racing, expanding its blockchain ecosystem to motorsports.
  • The introduction of VeBetterDAO and B3TR tokens encourages sustainability, incentivizing participation in green and social activities.

The recent rise in the price of VeChain (VET), marking a 4% increase in the last 24 hours and maintaining an 8% rise compared to last week, can be attributed to several key factors stemming from its latest activities and developments on its blockchain.

New Product Launches and Strategic Partnerships

VeChain recently introduced a digital asset tokenization platform, MaaS (Marketplace-as-a-Service), in partnership with Gresini Racing, a champion MotoGP team. This partnership allows Gresini Racing to interact with its audience through NFTs and digital collectibles, which not only expands VeChain’s reach within motorsports but also demonstrates the versatility of its blockchain technology for real-world applications. These types of strategic collaborations underscore VeChain’s commitment to expanding its ecosystem and increasing its visibility in various sectors.

Development and Expansion of the VeChain Ecosystem

VeChain is not only focused on partnerships, but also on launching proprietary initiatives that strengthen its blockchain.

For example, the recent introduction of VeBetterDAO, a sustainability platform developed in collaboration with the Boston Consulting Group. This platform incentivizes users to participate in sustainability activities, aligning with other VeChain efforts such as X-2-Earn.

The launch of B3TR tokens to incentivize participation in these sustainable activities has also contributed to VeChain’s interest and perceived value, thus promoting an increase in its price.

Related: VeChain’s RWA tokenization generates bullish momentum: EFP price targets 100 percent rise

Focus on Sustainability and Web Applications3

VeChain’s commitment to sustainability and the development of blockchain applications for the Web3 sector is reflected in its recent projects and launches.

The VeBetterDAO platform and tokenization of digital assets with MaaS demonstrate a focus on creating solutions that not only benefit the crypto sector but also the world at large.

This focus on practical and sustainable applications of blockchain technology is likely to attract investors and users interested in the social and environmental impact, in addition to the financial potential.

You can read: VeChain treasury report: Positive outlook for PEFs amid $440 million asset holding

Market Recovery

The increase in VeChain’s price is also influenced by the overall recovery of the cryptocurrency market. After a period of bearish trends, the market is showing signs of recovery, which benefits cryptocurrencies with solid fundamentals and active developments such as VeChain.

The current price of VeChain (VET-USD) is $0.046063, up $0.000511 or 1.12% .


The market recovery amplifies the effects of VeChain’s positive internal developments on its price.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628