A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Verasity, a leading video platform providing unique Rewarded Player Technology to major publishers across the globe has arrived.
"YouTube, Instagram, Facebook and Twitter have become ever-present parts of our culture due to an endless supply of user-generated content. But what kind of value have their users received in return?
Beyond the dopamine hit of our likes and shares, it’s not much. While an enterprising few have used those social media platforms to create a personal brand and make some money, that number is dwarfed by the overall financial success of these companies.
Now several video-sharing companies are looking for a more equitable model. Powered by blockchain technology, these startups are hoping to lure in users from the dominant platforms by putting a few dollars into their pockets."
With that being said, .Verasity’s video player solution offers the perfect vehicle for viewers, publishers and content creators to benefit from the utility of blockchain technology.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is VERASITY?
As depicted earlier and as indicated on the official website of Verasity, Verasity is a video-sharing platform that caters for content creators and rewards viewers with VRA tokens just for watching content, sharing videos, watching ads and for referrals. Verasity is a disruptive video sharing platform designed to pivot the online video ecosystem by enabling a direct and transparent relationship between viewers, content creators and advertisers. Powered by existing cutting-edge video player technology, Verasity provides a high-quality viewing experience. Verasity’s proprietary Blockchain technology (PoV™) creates a transparent economy powered by a new cryptocurrency called VRA.
The Verasity protocol aims to power the future of digital entertainment. It will be adopted by Content Publishers, Creators and Advertisers as a replacement for traditional content monetization channels. Verasity will challenge the hegemony of the tech giants who are rapidly becoming digital cartels.
Verasity is presently incorporated by SDK with Twitch, Vimeo, JWPlayer, Brightcove, Kaltura and Video.js. Through these incorporations, the Verasity player innovation would already be able to be utilized by over 1.6M video distributors with 1.1B clients and 110B month to month sees.
Various publishers have officially coordinated the innovation live and 100 are arranged throughout the following two months with scaling to thousands of every 2021.
Video-Sharing Platforms and Browsers attempt to change the distributer's work process - enormous publishers are bolted into their present video stages or have worked in IP and won't move.
Hard to change Viewers' propensities and inclinations - This is about outlandish given the assets and decisions are given by the goliaths. A genuine case of this is the biggest YouTuber, PewDiePie, who moved to DLive solely. Disregarding the move despite everything he has 95M supporters on YouTube and just 0.25% or 250,000 moved to DLive.
Verasity innovation is currently coordinated into the accompanying video players on distributers' locales: YouTube, Twitch, Vimeo, JWPlayer, Brightcove, Kaltura, VideoJS, Flowplayer, and Ooyala which speaks to over 95% of all the video players used.
HTML5, full HD video player that works across all mobile and desktop browsers and supported by our fully functional online video platform.
Integrated as an SDK into all major online video platforms (over 90%), provides rewards for actions without changing the publishers’ workflow or the viewer’s habits or preferences.
VeraWallet in-video app allows publishers to fund campaigns, viewers to Earn VRA, Stake VRA , Send and Spend VRA.
Verification and Analytics (Proof of View)
Patent pending blockchain technology that produces accurate, secure and auditable audience verification metrics.
Within the Verasity ecosystem, video content Creators, Viewers, Advertisers and Brands interact directly with one another. All transactions are powered by VRA and therefore they are fast, secure and transparent.
There is no need for intermediaries that exist in traditional media ecosystems. Verasity retains all the value generated by the community within the ecosystem.
About The Verasity Token (VRA)
VRA is an ERC20 utility token for Verasity.
Total Supply – 10,839,985,784 VRA
Circulating Supply – 3,803,335,583 VRA
The Verasity token (VRA) has different utilities:
Publishers Grow their Audience by purchasing VRA on trades to remunerate their watchers.
See: https://verawallet.tv/develop your-group of spectators
Viewers procure VRA watching substance or promotions: https://verawallet.tv/gain VRA
Users can stake VRA and gain enthusiasm for VRA: https://verawallet.tv/stake-vra
Users spend VRA for merchandise at stores: Keyie.store and eBonus.gg as models
Send VRA to verawallet or trades: https://verawallet.tv/send-vra
By incorporating into the present video stages, watchers don′t need to do anything. They don′t need to change to another stage, download anything or change their survey propensities or inclinations. Moving watchers from their preferred stages is a test that has not scaled for any of the numerous video sharing stages.
Since we propelled as of late with distributers, a huge number of watchers over the world have utilized the administration and have been remunerated. Before the finish of 2019, we expect to focus more than one million watchers and 10 million out of 2020.
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.