Weekly Update – July 19th

July 16th – 1.1 million clauses:

With this new record high, VeChain’s daily mainnet activity catapulted into third highest for all public chains. More impressively, 99.74% of this transactional volume came from enterprise dApps, burning over 35 million VTHO. The mainnet now has over 10.7 million clauses (previous monthly high was 5.3 million) with only two-thirds of the month gone. With an average of over 500K clauses per day this month, VeChain is steadily climbing up the rankings of busiest public chains.

Official Mobile Wallet Update:

The VeChainThor Wallet (v1.4.1) expanded the functionality with some new features. Tokens amounts can now be displayed in legal currency values, while VTHO has been restored to its former position below VET on the asset list.

More importantly, users are now able to access Vexchange’s decentralized exchange through the discover tab. This allows users to buy or sell VET and other tokens (such as VTHO or EHrT) without having to leave the wallet.

Vexchange’s VTHO to VET token swaps within the mobile wallet.

Strategic funding in Jur:

Jur have signed a Strategy and Development Agreement with VeChain. This includes an investment to help Jur provide legally compliant blockchain solutions for businesses using the VeChain blockchain as a technical framework. As one of the newest projects entering the VeChain ecosystem, the team’s impressive professional background and connections to European and San Marinese regulatory organizations are sure to catch the attention of future investors.

“As VeChain we decided to invest and select Jur as the infrastructural partner for the legal solutions on blockchain. It is invaluable to create solutions for enterprises for creating legally binding agreements on-chain in an easy way and solve disputes easily and we as VeChain are focused on adoption by businesses. We welcome Jur as our Partner and foresee a great level of use by the community”

Sunny Lu, VeChain Foundation CEO

OceanEx’s Big Week

The biggest announcement was that they had raised millions of dollars in Series A funding, allowing them to move forward with their next steps towards global compliance as a top exchange. They announced that in addition to an IEO platform, they were also planning on rolling out Fiat-to-Crypto services by the end of the year.

On July 20th, OceanEx will have a global meetup in Frankfurt. In addition to team members, VeChain CEO Sunny Lu is expected to be in attendance, as they jointly answer questions while exploring new collaborations with partners and community members. For those who missed it, they also listed Ravencoin (RVN/VET, RVN/USDT) and Decred (DCR/VET, DCR/USDT).

5th Annual China International IoT Expo in Xiamen

July 11th-13th had VeChain’s CTO Gu Jianliang representing the foundation at the international event. An impressive collection of attendees included Huawei, Alibaba, Tencent, China Telecom, China Unicom, China Mobile, Amazon, and a number of universities and institutions.

Gu Jianliang’s speech entitled “Scenario Driven Application, Linking Limitless Possibilities” was delivered during the RFID Industry Application and Innovation Forum. He discussed the combination of RFID and blockchain while also introducing ToolChain and VeChain.

Third Party Projects

Cecil Alliance:

The project dedicated to building the Internet of Animals released their first article in a series entitled Discover Cecil. It covered a section from their upcoming whitepaper, which should be released later this month.

Plair:

The gaming platform released their quarterly update which featured a summary of their last three months as well as a look ahead to the future. They announced new additions to the team, as well as plans to move from alpha testing to public beta by the end of next month.

Decent.BET:

Three weeks after their launch on PlayDecent.gg, the platform announced their new ad series to target new users. Gamers are now able to compete for tokens in PUBG, APEX Legends, Rocket League, DOTA 2, Fortnite, and Hearthstone, with Magic: The Gathering expected to launch in two weeks.

Lastly, a reminder to keep an eye on the X-Node transfer market as one node sold for only 10,000 VET. With the average price around 400,000 VET, this was quite a bargain. Using email notifications from the Wallü wallet tool, you can be notified if someone lists an X-Node below or at a certain price point.

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