VeChain Foundation works with UN to raise VET

The VeChain Foundation has announced a collaboration with the United Nations to use the VeChain blockchain to help achieve the UN’s SDGs by 2030. VeChain’s native token, VET, rose following the announcement.

VeChain’s United Nations Partnership

In a tweet posted on January 25th, VeChain announced a partnership with the United Nations focused on improving the sustainability of the world.of Tweet Said;

This newly built alliance means that VeChain will become the go-to chain for achieving the UN’s SDGs.

The SDGs are a set of goals set by the United Nations to address various conservation issues. The SDGs address poverty, clean water and sanitation, hunger, health, education, clean energy, sustainable cities, decent work, economic growth, responsible consumption and more.

The VeChain Foundation works hard to achieve its goal of using blockchain to promote sustainability in the real world. On the other hand, the VeChain blockchain supply chain related issues. Last year, the network Eco-friendly PoA 2.0.

While making a recent announcement, VeChain Releases Blog Post Detail the purpose of the partnership. The Foundation noted the positive impact its digital ecosystem has on society while emphasizing sustainability.

In addition, VeChain unveiled a newly formed concept “Digital Ecosystem” which aims to help achieve the SDGs by 2030. VeChain did not elaborate on the concept of the digital ecosystem.

However, we have promised to release details by the end of the first quarter of 2023.

The foundation also highlighted its roadmap for the next year and a half, with a strong focus on sustainability. Goals for the first half of 2023 include building a Carbon Footprint Explorer and carbon footprint model.

VET rally following the announcement

The announcement by VeChain has led to some notable price action for its native token VET. At the time of the report, the coin was trading at $0.024. However, this was up 5.69% from his 24-hour price.

Source: Coinmarketcap

Just prior to VeChain’s announcement, their token was trading at just $0.0217, according to Coinmarketcap charts. Shortly after the announcement, the token surged rapidly to reach its current value. The coin gained over 10.5% in value after its announcement.

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