- Starting next week, users can use EVearn’s ‘Charge2Earn’ app on Tesla EVs.
- Users can leverage Tesla’s onboard computer data to earn rewards.
- VeChain (VET) saw a 1.61% intraday increase, reflecting investor optimism.
Cryptocurrency figure Collin Brown announced an exciting collaboration between VeChain, EVearn, and automotive giant Tesla. Starting next week, users can utilize EVearn’s ‘Charge2Earn’ app on Tesla EVs. This development helps align Blockchain technology to sustainable practices within the automotive industry.
Using the ‘Charge2Earn’ dApp, users can leverage Tesla’s onboard computer data to earn rewards by monitoring energy consumption and distance traveled. The underlying VeChain’s technology ensures the integrity of this process, preventing fraudulent activities and enhancing trust within the ecosystem. Brown stated:
“Here’s how it works: EVearn connects with your Tesla’s computer to track usage – like energy and distance. Get rewards like charging discounts or freebies! VeChain ensures safety and fairness, preventing cheating,”
At present, 3.5 million B3TR tokens are circulating, with a Total Value Locked (TVL) of approximately $1.37 million. This indicates a renewed interest to invest in sustainable blockchain applications.
In a related development, VeChain has entered into a partnership with WoV Labs to advance ‘Phygital’ tokenization. This collaboration aims to bridge physical and digital assets through Web3 technologies.
Furthermore, the enterprise-grade L1 smart contract platform has partnered with VeBetterDAO to enhance mainstream sustainability. In essence, the partnership encourages collective action for environmental impact and emphasizes community involvement in eco-friendly activities.
In the broader market, Cathie Wood, CEO of Ark Investment Management, dubbed Tesla the “biggest AI project on earth.” Despite concerns about a slowdown in electric vehicle adoption, Ark expressed confidence in the sector’s long-term prospects. The asset manager increased its position in Tesla during the first quarter.
VeChain (VET) traded at $0.03541 at press time, marking a 1.61% intraday rise. These gains reflect positive market response to the collaborations between VeChain, EVearn, and VeBetterDAO.
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