VeChainThor Achieves Milestone with 3M Wallets

VeChain introduces VeWorld, a new wallet with enhanced features, transitioning from the VeChainThor mobile wallet.

The development of the VeChainThor blockchain has accomplished a noteworthy milestone with the attainment of unprecedented levels of activity (ATH) on the chain.

More specifically, the platform has experienced a significant milestone in its expansion trajectory by constructing more than three million distinct VET wallets.

This significant achievement showcases an extraordinary increase of 50% in a relatively brief period of one year and one month. This observation underscores the increasing prevalence and extensive acclaim of the VeChain ecosystem among consumers internationally.

VeChain alludes to forthcoming noteworthy advancements within its ecosystem, capitalizing on the resilient infrastructure of the VeChainThor blockchain in light of this accomplishment.

The VeChain Foundation additionally conveyed its delight in observing the growth of the VeFam community and commemorating the groundbreaking advancements on the network.

Utilizing incentives derived from hackathons and tools such as VORJ and the VeBetterDAO, users are actively adopting and contributing to the advancement of the platform’s offerings.

Amidst the flourishing VeChain ecosystem, the VeChain Technology Centre declares the impending introduction of VeWorld, a revolutionary new wallet that will bring about a substantial paradigm shift.

VeWorld, an impressive improvement over its predecessor, the VeChainThor mobile wallet, offers a range of enhanced features such as a dApp explorer, a Coinbase fiat gateway, and an incorporated NFT viewer. These enhancements significantly improve the user experience and functionality of VeWorld.

Beginning on December 31, 2024, the VeChainThor mobile wallet will transition to a storage-only mode to facilitate the migration of the entire community to VeWorld.

This improves the user experience and guarantees asset security, consistent with VeChain’s dedication to continuous innovation and user-centric design.

To assist users throughout this process, thorough migration guides are readily accessible.

These guidelines provide detailed, step-by-step instructions on importing addresses into VeWorld using a seed phrase, keystore file, or Ledger device.

By releasing these updates, VeChain reinforces its position as a frontrunner in the blockchain industry, positioned for further expansion, advancement, and extensive integration within digital assets.

The VeChain team has reportedly unveiled a new software development kit (SDK) designed to encourage developers to build applications for the platform.

Developers fulfill a vital function in proposing groundbreaking resolutions to practical obstacles, thus augmenting the efficacy and reception of the network among users.

This increase in demand further enhances the worth of the native token, VET, within the VeChain ecosystem as the platform acquires traction.

VeChainThor’s Future Developments

Vechian has recently introduced VeBetterDAO, a decentralized autonomous organization (DAO), to promote encouragement initiatives and community participation.

To enhance functionality, the platform has implemented two fundamental tokens, VOT3 and B3TR. According to the report, VOT3 is a governance token, enabling holders to vote on proposals and accrue rewards via staking.

In contrast, B3TR facilitates the operational activities of the DAO as a whole, encouraging participation, fostering innovation, and providing support for environmentally sustainable initiatives.