VeChain News Today: VET At $0.0036 After New Partnership

The crypto news recently showed that VeChain enters a new partnership with a startup from the United States – something that will lead the efforts to verify the authenticity of 200,000 KN95 masks which the network is preparing. When it comes to the price of VET, the VeChain news today show that the coin managed to add a couple of percentage points and is now prepared to breach the $0.0037 levels.

The collaboration between VeChain and Tricol Group (makers of protective masks) has been viral everywhere. According to reports, the goal of this partnership is to integrate the VeChain NFT into 200,000 KN95 masks, allowing buyers to prove the origin and authenticity of the masks.

In times of a pandemic and a COVID-19 crisis, the US-based firm has joined forces with Tricol Group from China in a partnership that will make the fight against the coronavirus easier. As one tweet by Real Items shows, China’s Tricol Group can make more than 200,000 KN95 masks per day.

The report has been in the VeChain news today on all sites. According to it, all of the orders that were made through the firm’s partner as well as realitems.io (which is the marketplace of Real Items) are going to use a VeChain NFT. With this, it will be entirely possible for every buyer to verify the authenticity of their products.

The next REAL ITEMS verified are KN95 masks from Tricol Group. Capacity to make 200,000+ masks per day, All orders made through https://t.co/5PFrDDObQ6 and our partners will have a #VeChain NFT for product authenticity on each box. #coronavirus #KN95 #kn95mask #cdctips pic.twitter.com/HRUxJ8BEJW

— Real Items Ⓥ (@itemsdapp) April 3, 2020

People who do not know about this development should know that the VeChain NFT (Non-Fungible token) standard was issued by the VeChain Foundation last year. The main goal of this solution is to allow the VeChain network to offer basic functionality for NFTs in smart contracts. What everyone should know at this point is that NFTs are impossible to swap and used to embed unique data like information about the ownership of a product and a lot more.

Aside from all this, the VeChain news today show that the price surge for VET was also sparked by a recent addition of the VET/KRW trading pair by a leading South Korean Bitcoin trading location.

The altcoin news at press time show that VET is trading at $0.0036 and was also changing hands with $0.0038. The coin has a total market cap of more than $200 million according to data from CoinMarketCap.