- VeChain’s VeBetterDAO platform has partnered with Italian company Molino Bruno, marking its first major collaboration.
- This development is driving significant user adoption and boosting the market performance of VeChain’s native token, VET.
VeChain’s VeBetterDAO platform has achieved a significant milestone as one of its decentralized applications (dApps), GreenCart, secured a groundbreaking partnership with the renowned Italian company Molino Bruno. This collaboration marks the first high-profile partnership for VeBetterDAO, a platform dedicated to fostering sustainability through blockchain technology.
GreenCart’s Landmark Partnership
Launched in February this year, VeBetterDAO is a sustainability-focused platform that introduced two new tokens, B3TR and VOT3. The initiative, developed in collaboration with Boston Consulting Group, aims to drive the mass adoption of Web3 technology across various industries and individual users. GreenCart’s strategic partnership with Molino Bruno signifies a substantial step towards achieving this vision.
To promote VeBetterDAO, a testnet was initially launched with a series of airdrop campaigns, distributing $B3TR tokens to encourage user engagement. Following a successful transition to the mainnet, the platform has seen impressive adoption rates, particularly in Japan.
Global Adoption Rates and Market Impact
Data reveals that Japan leads in VeBetterDAO adoption, with 3,496 unique users engaging with the platform over the past week. The United States follows with 1,594 users, while Vietnam ranks third with 1,069 users. Despite the strong numbers from these countries, other regions show varying levels of engagement. Germany and the Netherlands contribute between 651 and 544 users, and countries like South Korea, Italy, and the UK have between 224 and 492 users each. Other nations such as France, Taiwan, and Spain show engagement from 100 to 200 users, while Australia, Belgium, and Indonesia report between 90 and 130 users each.
Analysts suggest that the native token of VeChain, VET, is poised for an upsurge in response to these developments. EGRAG, a prominent analyst, highlights a potential bullish trend, noting that VET is nearing the end of corrective wave two and is on the verge of entering the explosive wave three. This phase could see the price of VET reach between $1.5 and $1.8. Currently, VET is trading at $0.025, having experienced a 1.7% increase.
VeBetterDAO’s partnership with Molino Bruno not only underscores its commitment to sustainability but also strengthens VeChain’s position in the blockchain industry. As adoption rates rise and strategic collaborations continue, VeChain’s influence and market performance are set to grow significantly.
