NFT News Official TheBitTimes.com

The VeChain team announced the implementation of a new feature that would eliminate gas fees in the VeWorld web wallet. The protocol named ‘fee delegation’ is among the most powerful feature that may attract new users to VET. The ‘fee delegation’ removes the need for enterprises and retail users to manage their fees, making it easier to initiate transactions on VeWorld. “We’ve just implemented fee delegation in our Web Wallet providing developers with powerful capabilities by removing the need for users to pay gas fees,” their latest blog read. Also Read: China’s Yuan Will Likely Displace U.S. Dollar as the Number One Currency: Trump The move is bullish for the long run as blockchain adoption depends on the ease of its utilization. Eliminating gas fees and other features that previously stopped users from initiating transactions will only help the cryptocurrency industry in the long run. The development may open the doors to mass adoption in the future making VET sta...

VeChain has doubled in price since the start of 2023, going from a low of $0.015 to a high of $0.032 by the end of February. It has been among the top 10 best-performing cryptocurrencies, but at press time, the asset faced massive corrections. The cryptocurrency crashed by nearly double digits on Friday, falling from $0.028 to $0.024. VET slipped 8.5% in the last 24 hours, shedding a portion of the gains that it generated last month. Will VeChain plummet further and erase all the returns it delivered this year? Let’s find out! Also Read: Can These Bullish Factors Take VeChain to $1? Source: CoinGecko.com VeChain: Why Is It Crashing? The overall cryptocurrency market crashed on Friday, as $185 million was liquidated in the last four hours. Bitcoin nosedived 5% within minutes, dragging all altcoins down with it. Read here to know in-depth information on why the markets crashed today and what Silvergate has to do with it for a better understanding. Also Read:...