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Verasity
About Verasity
Verasity is a video sharing platform that utilizes blockchain technology to empower content creators and users. It allows content creators to choose their preferred method of monetization and gives users more content and options. Users can also choose whether or not to view advertisements and will be rewarded for doing so. Verasity uses the VRA token as a payment and reward method within the platform, and it is based on the Ethereum network.
Verasity (VRA) is a utility token based on the Ethereum blockchain, which powers the Verasity ecosystem. The token plays an integral role in the Verasity platform, providing incentives and rewards for user interaction and engagement.
The Verasity platform itself is a suite of blockchain-based products and services focused on video sharing and gaming. It aims to disrupt traditional online advertising models by integrating blockchain technology directly into video player experiences, creating a direct and transparent relationship between creators, advertisers, and viewers. The platform uses a proprietary technology called "Proof-of-View" to ensure accurate and secure audience metrics, thereby addressing issues like fake views and bots that can impact traditional digital advertising.
The Verasity token (VRA) has several uses within the platform. Primarily, it is used as a reward token for viewers who watch and engage with content. This incentivizes viewer engagement and provides a more interactive viewing experience. Advertisers also use VRA to fund their campaigns on the platform, and content creators receive VRA as part of their earnings. Additionally, VRA is used for transactional purposes on the platform, including in-game purchases and accessing premium content.