VeChain, the enterprise-focused L1 blockchain, has officially launched VeWorld, its self-custody wallet. The wallet supports features such as VIP-180 tokens, currency conversion, and fee delegation. VeWorld integrates with WalletConnect, an open-source blockchain standard that allows users’ wallets to connect and interact with decentralized applications (dApps) and other wallets. The mobile wallet’s launch is a significant milestone for VeChain, as it adds important infrastructure to the crypto ecosystem.
Features of VeWorld
VeWorld’s initial release includes support for VIP-180 tokens, currency conversion in Euro or USD, and fee delegation. The wallet is available for both iOS and Android users. In the future, VeWorld will be upgraded to include features such as VeChain dApp store integration, fiat on/off ramp, DEX functionality, support for asset-bridging, and carbon footprint tracking.
VeChain (VET) Price
The price of VeChain (VET) is currently trading around $0.01720062, down approximately 2.6% in the past 24 hours. This decline is in line with the broader crypto market, which experienced a 1.8% drop due to price slips in Bitcoin (BTC) and Ethereum (ETH). BTC dropped to $26,600, and ETH fell below $1,600 as market sentiment was impacted by central bank monetary policies and ongoing fear, uncertainty, and doubt (FUD) in the crypto market.
What is VeChain?
VeChain is an enterprise-focused blockchain platform that aims to provide businesses with supply chain management solutions using blockchain technology.
What is VeWorld?
VeWorld is the self-custody wallet launched by VeChain. It allows users to securely store and manage their VeChain tokens and provides features such as currency conversion and fee delegation.
What are VIP-180 tokens?
VIP-180 tokens are a token standard on the VeChain blockchain. They are similar to Ethereum’s ERC-20 tokens and allow for the creation and management of fungible tokens on the VeChain platform.
What is WalletConnect?
WalletConnect is an open-source blockchain standard that enables wallets to connect and interact with decentralized applications (dApps) and other wallets. It acts as a bridge between Web3 wallets and the dApps ecosystem, promoting interoperability.
What future features are planned for VeWorld?
In the future, VeWorld will be upgraded to include features such as VeChain dApp store integration, fiat on/off ramp, decentralized exchange (DEX) functionality, support for asset-bridging, and carbon footprint tracking.