VERASITY ATTENTION-BASED PLATFORM FOR VIDEO REWARDS.
Online video is among the fastest-growing mediums with a worth of 312 billion dollars. The invention of online video platforms, video creation and consumption are now more accessible than ever.Online video platforms offer video systems for broadcasters,creators and publishers but they are costly to operate and monetize. Most publishers have preferred Youtube and Facebook to monetize their content with inadequate revenues to support their business models.
Audiences’ data is sold to corporations for more specific advertising, while on the other hand creators and publishers get small percentage of revenue after the platform and intermediaries take a significant share of the advertising revenue. Without a disruptive change, we are beholding a possible fall caused by differing priorities between content creators, advertisers, and their current platforms.
Trends such as Video on Demand are driving the video demand on the market, the availability of cheap internet and the growth of smartphones has also resulted in the growth of the industry.
Today, I came across a very interested blockchain technology project that i'm going to discuss with you:
VERASITY, THE SOLUTION.
Verasity team has come up with a video player system that provides video publishers and creators a technique to enhance their audience’s video involvement by rewarding viewers for watching a video. Viewers watch incredible quality content and also receive VRA tokens,which is a cryptocurrency used on the platform as a reward.
The objective of this platform is to improve online video involvement,maximize publisher monetization and create a fairer online economy by eliminating the need for intermediaries. Verasity infrastructure has been integrated into the highest-ranked video platforms to make it easy for publishers to add Verasity SDKs or APIs to their existing video players. Such video platforms include Youtube,Vimeo etc
VRA ECONOMY FLOW.
Demand for VRA.
Publishers also purchase VRA to reward more viewers for watching their content,visit their websites and this investment converts into higher revenues for the publishers and more viewers with higher involvement. The token is also purchased by advertisers to involve viewers and reward them for their attention. Video viewers may also decide to buy VRA from the various exchanges to send to the staking wallet and are rewarded interest in VRA.
Staking VRA.
Verasity ecosystem adds additional incentives to hold VRA through the VRA stalking program while at the same time increasing the demand for the utility of the token across an enormous network of publishers and their communities.
Earning VRA.
Viewers can earn VRA tokens from watching videos on publisher’s domain or from sign-ups,sharing videos,referrals,playing games or watching ads.
Spending VRA.
Viewers can convert VRA for other cryptocurrencies, for instance, Bitcoin across various exchanges. Publishers can spend their VRA on rewarding new viewers to engage with their content thus generally improving the economy.
Vera Wallet.
This is the viewer’s entry point to the Verasity network, and it allows viewers to securely store, earn and transact with VRA token. It is reachable from within any compatible video player who has integrated Verasity rewards SDK. From the wallet, the viewers can access their main account, escrow account and staking account.
CONCLUSION.
Videos are a great way to educate, engage and also entertain and this platform offers the perfect solution for publishers, viewers and content creators to benefit from using blockchain technology. Verasity is a suite of blockchain enhanced video platform technologies which is purposely designed to change the online video ecosystem. Join the movement!
Website: https://verasity.io
WhitePaper: https://verasity.io/documents/verasity_whitepaper_eng.pdf
Telegram: http://t.me/verasitychat
Twitter: https://twitter.com/verasitytech
Facebook: https://facebook.com/verasitytech
LinkedIn: https://www.linkedin.com/company/verasity
Reddit: https://www.reddit.com/r/verasity
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to Verasity OFFICIAL WEBSITE
