Massive development for VeChain (VET) as self-custody wallet goes live

• VeChain has officially launched VeWorld, its self-custody wallet.
• VeWorld supports features such VIP-180 tokens, currency conversion and fee delegation.

VeChain has announced the official launch of VeWorld, the enterprise-focused L1 blockchain’s new self-custody wallet.

VeWorld integrates with WalletConnect, an open-source blockchain standard that allows users’ wallets to connect and interact with decentralised applications (dApps) and other wallets. It’s a bridge that connects the Web3 wallet to the dApps ecosystem, bringing the benefits of interoperability to developers and the broader VeChain user base.

As such, the mobile wallet’s unveiling means the VeChain ecosystem has added a key piece of infrastructure for crypto. It also marks a milestone achievement for the developer team.

“Our developers have been working diligently, day and night, to build and deliver a superior VeChain wallet. Today marks the culmination of those efforts,” reads part of a blog post announcing VeWorld.

Features include currency conversion and fee delegation

VeWorld’s first iteration includes features such as support for VIP-180 tokens (VeChain’s native token standard), currency conversion (either in Euro or USD), and fee delegation. The wallet supports both iOS and Android.

It's finally here – the VeWorld mobile wallet is officially launched!

Our developer teams have been working tirelessly to deliver a new level of quality for vechain's wallet infrastructure – we're super excited to share it with the world.

The current iteration is just the start… pic.twitter.com/081bJrWup3

— vechain (@vechainofficial) September 20, 2023

In the future, VeWorld will be upgraded to bring numerous features to users, including VeChain dApp store integration, fiat on/off ramp, DEX functionality, support for asset-bridging and carbon footprint tracking.

VeChain (VET) price

VeChain (VET) traded around $0.01720062, roughly 2.6% down in the past 24 hours. The declines for VET came as the broader crypto market dropped 1.8% amid price slips for Bitcoin (BTC) and Ethereum (ETH). 

BTC was down to $26,600 and ETH to below $1,600 as markets reacted to central bank monetary policies. Continued FUD across the crypto market was also weighing on sentiment.