• VeChain-backed ExoWorlds has hinted at a potential DEX based on VeRocket
• VeChain, and ExoWorlds continue fueling the development of metaverse innovations.

VeChain, a protocol designed to enhance supply chain management and business processes, is becoming a household name in the blockchain and Web3.0 ecosystem, with many organizations utilizing most of its solutions to enhance their processes. 

Per an October 19th post on the X app, VeChain-built Non-Fungible Token (NFT) blockchain ExoWorlds hinted at a potential launch of its Decentralized Exchange (DEX). ExoWorlds emphasized that the new protocol will be released and hosted on its website and would leverage VeRocket’s API.

This promises to offer a seamless, user-friendly experience to customers who get to trade EXO/VET tokens with ease and under secure conditions. According to its website, ExoWorlds is a science and finance (SCI-FI)-based NFT blockchain that is built on the VeChain blockchain. Moreso, it is a Play-to-Earn (P2E) metaverse with a collection of 10,000 unique and procedurally generated Planet NFTs.

Markedly, the integration of ExoWorlds sets VeChain up for the metaverse with the projection that it would increase its investment by securing a fraction of the total addressable market for the metaverse, likely to reach $8 trillion to $13 trillion by 2030. However, at the current $4 trillion state of the metaverse, VeChain believes that its protocol is scalable enough to cater to the industry. 

Sp4ce and Other Partnerships in Favor of VeChain 

Over a year ago, this interest in the metaverse and gaming fueled the launch of “VeChainHasNFTs”, an all-inclusive community built to advance the interest of the VNFT ecosystem. Shortly after, ExoWorlds began to ink new partnerships in support of reaching the VeChain goal in terms of its metaverse solutions. To achieve this, ExoWorlds partnered with Sp4ce Games, a blockchain gaming firm. 

Based on the terms of their agreement, Sp4ce was expected to assist the NFT blockchain protocol with a couple of operations including content creation, strategy, marketing, and other essential growth techniques. The collaboration showed how effective the use of VeChain’s Proof-of-Authority (PoA) consensus mechanism is in the blockchain gaming industry. Amongst other solutions, it offers minimal transaction cost and compared to Ethereum (ETH), it reduces server workload up to three times faster.

For VeChain, this was the beginning of its deployment and the utilization of its technology in the blockchain gaming ecosystem, indicating a huge milestone. Before this time, VeChain had established a niche in the logistics market where it is said to have dominated a reasonable portion of the sector. Its prowess is seen in its partnerships with top industry players like Walmart China and BMW.

One of VeChain’s latest projects is its interest in improving transportation and supply chains in the waterways where there is an increasing demand. The sustainability and supply chain management firm is focused on revolutionizing the global logistics system and offers product authenticity and compliance while at it. At the same time, VeChain’s balance sheet shows that it is reaching its goal and performing optimally.

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