VeChain (VET) pushed out Dogecoin (DOGE) out of the picture of top 20 trading currencies taking over its place several weeks ago, once the hype around DOGE started to wear off.
Having VET slowly progressing against the fiat, driven by the latest positive trends in the market, VeChain Foundation added some new names to their portfolio of partnerships, which should further aid VET in bouncing back up in the market.
VeChain managed to score two prominent partnerships in the first days of November, that way gaining more positive in and outside the crypto market.
VeChain Partners with ENN and Shanghai Gas
The first partnership in November acquired by VeChain foundation was announced on November 1st, with an official announcement on Twitter where the team representatives stated that the partnership will enable Liquefied Natural Gas solution.
Prior to announcing this combo partnership, VeChain foundation announced that ThorBlock.io is officially released and live on the VeChain Thor network, representing the “first communal funding turnkey solutions” on the network.
The foundation also wrote about their newly acquired partnership on Medium, stating that the new solution for the Liquefied Natural Gas will be provided entirely by VeChain Thor blockchain, adding another set of prominent partnerships to the list of VeChain partners.
VeChain Partners Invest Cyprus to Enable Fintech Development in Cyprus
Only a single day after the initial announcement on the ENN and Shanghai Gas partnership, VeChain foundation announced another major agreement made in collaboration with the Republic of Cyprus.
The agreement was made on November 2nd, between Invest Cyprus, which is actually an investment partner of the Republic of Cyprus on a national level, which adds more importance to this partnership.
One of the parties entering the agreement is a blockchain-driven company based in the US, called CREAM.
Together with CREAM and Invest Cyprus, VeChain will be working on providing means for fintech blockchain development in Cyprus, meaning that the foundation alongside with other partners will be leading Cyprus into a new digital era, set to provide a strong basis for blockchain-based and fintech investing in this area.