- VeChain is up 26% today.
- Microsoft and VeChain Thor collaborate on a retro game project.
- It’s been a good few months for VET.
While the rest of the market continues to torment investors, one cryptocurrency is covering some significant ground. VeChain (VET) is up 26% today and showing no signs of slowing down, but what’s driving the token?
Impressively, the token is back to price highs not seen since May this year.
VeChain up 26% | Source: Coinmarketcap
It seems a trifecta of partnerships, progress, and listings still make the biggest difference in this market. There has been no lack of the aforementioned for VeChain of late, citing several bullish coalitions, all of which look to drive the project further.
A Retro Collab with Microsoft
By far, the biggest propellents thrusting VeChain moonward – is the project’s recent collab with Microsoft on a re-release of the 1980’s gamebook: “The Way of the Tiger.”
Announced on December 1, this rehash of a 1980’s bestseller claims the VeChain Thor blockchain as a host.
Bringing together Microsoft, major game developer, Eidos, gamebook creator, fabled Lands, and, of course, VeChain, The Way of the Tiger, stands as a retro collaboration for the modern age.
The specific use of VeChain Thor enables the ability to create non-fungible tokens (NFT). These NFTs are unique tokens stored and transferred via the blockchain. They are most commonly used as blockchain game items (think CryptoKitties) and – thanks to their inimitability – can end up fetching exorbitant prices.
Reasoning his choice of blockchain, gamebook writer Jamie Thomson noted the benefits of NFTs:
We were going to relaunch the series into a computer game format but this new technology (blockchain),
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