VeChain’s sustainability platform, VeBetterDAO, is making waves with a high-profile partnership with Italian flour-milling giant Molino Bruno. This collaboration marks a significant milestone for VeBetterDAO’s GreenCart dApp, the first on the platform to secure such a prestigious partner.
VeBetterDAO: A Sustainability Ecosystem Powered by Blockchain
Launched in February 2024, VeBetterDAO aims to revolutionize sustainability efforts by leveraging blockchain technology. The platform boasts two native tokens, B3TR and VOT3, and facilitates the creation of a cross-industry ecosystem of sustainability-focused dApps. This innovative framework aims to accelerate Web3 adoption among both businesses and individuals.
Following the successful launch of a testnet with airdrop campaigns to incentivize user participation, VeBetterDAO smoothly transitioned to the mainnet. Now, the platform is experiencing impressive adoption rates, particularly in Japan, which boasts over 3,496 unique users in the last week. The US and Vietnam follow closely with 1,594 and 1,069 users, respectively.
Global Adoption on the Rise, But Concerns Linger
While Japan leads the charge, some crypto commentators express concerns about engagement levels in other regions. Germany and the Netherlands, for instance, contribute a lower number of users (between 651 and 544). Despite a strong presence in the top five, countries like South Korea, Italy, and the UK still hover around the 200-500 unique user mark.
VET Token Primed for Bullish Run?
Analysts foresee this growing adoption translating to a positive impact on VeChain’s native token, VET. Analyst EGRAG predicts a potential upsurge for VET, citing technical indicators like wave analysis. EGRAG suggests VET might be nearing the completion of a corrective wave, paving the way for a more explosive “wave three”. This optimistic forecast projects a potential price range of $1.5 to $1.8 for VET, a significant jump from its current price of $0.025 (as of press time).
The Road Ahead
VeBetterDAO’s partnership with Molino Bruno and its growing user base across the globe paint a promising picture for the future. However, addressing concerns about user engagement in certain regions and continuing to build the platform’s value proposition will be crucial for sustained growth and the potential price increase for VET anticipated by some analysts.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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