Verasity – The Disruptive New-Age Video Sharing Platform for All

The internet has become the go-to for various forms of information and entertainment as consumers have found it a convenient haven for their digital entertainment. This is why online video industry has been massively rising and expanding with a current market worth of $312 billion. Online video platforms provide the meeting point for content creators and consumers but obviously with priorities unaligned with those of the users. The current advertising models in online video business are contentious and represent an imbalance to the different interests of stakeholders. The big players are majorly concerned with revenue generation and so sell off the personal data of users while also compelling them to watch ads embedded in contents on their platforms. Content creators are being used as cash bait while being underpaid on income generated through their published contents. This has resulted in a barrage of poor quality contents on many online video platforms as creators in a bid to compensate for the low revenue generated, increase the volume of content.

Now the revolution has come; Verasity is poised to change the status quo and bridge the interests of all stakeholders in a transparent and secure manner. Verasity is introducing an innovative model to empower content creators and improve viewer experience by helping creators monetize their content effectively and providing high-quality videos for viewers without compelling them to watch ads. Verasity is completely transparent, allowing direct transaction between creators and viewers. This transparency, powered by the blockchain, eliminates the chains of intermediaries such as middlemen and vendors and retains value within the ecosystem.

Why Choose Verasity?

Verasity as a visionary project has studied the landscape of traditional online video sharing platforms and other similar projects on the blockchain, identified the weaknesses and challenges inherent in all these platforms, and come up with viable solutions. Verasity is set to revolutionize the online video ecosystem and economy by engendering trust, transparency, and integrity, and realigning the relationships and interests of all participants within the ecosystem. Unlike what obtains in most video platforms today where viewers and creators are being unfairly controlled, monetized and rewarded, value flow in Verasity economy is mutually inclusive, and ensures that all parties are fairly treated and compensated for their contributions.

Verasity Suite of Products and Technology

Verasity is backed by an array of working products and cutting-edge technologies providing all the Verasity features for running, supporting and expanding the Verasity economy and ecosystem.

*The video hosting and technology consists of the next-generation video player, VeraPlayer, which provides high-quality video experiences with user-friendly UI. VeraPlayer has been demonstrated to power more than 8 Petabytes of video traffic per month.

*The Verasity blockchain is a decentralized proprietary blockchain designed to drive transactions through VeraPay and smart contracts, store VERA tokens on the mobile and desktop wallet, and more importantly support the patent pending ‘Proof of View” technology (PoV).

*PoV will ensure accuracy and integrity of audience metrics by eliminating manipulation of content view statistics to fraudulently generate revenue. This will help boost the confidence of advertisers and sponsors and reassure them of the legitimacy of their investment. In order to achieve this, Verasity will implement publicly auditable logs containing all views, recommendations and anonymized viewer information with strict adherence to regulatory compliance and user privacy. For a content view to be counted as authentic, it must meet the following requirements; viewer must sign in, one video at a time per user (multiple views running simultaneously will not be counted), video must be streamed to browser, and the video player must be in view.

*VeraSparks: To support and facilitate the growth of the Verasity ecosystem, Verasity is providing VeraSparks and the Spark Marketplace for creators and publishers to develop brand loyalty. VeraSparks are a smart contract which gives the owner a right to share in the VERA generated on the channel. The Spark Marketplace is an internal marketplace for trading VeraSparks. The content management and discovery system consists of tools for managing, promoting and moderating videos.

*VERA Token: The Verasity platform is fueled by VERA token (VRA), a digital utility token which will serve as the exchange medium for transactions within the Verasity ecosystem. The total supply of VERA will be 12,491,500,000 out of which 22% will be put up for sale during the pre-sale and public sales period. Users of the Verasity Platform can earn VERA by watching videos and through other promotional means including sign-up, referral, and content sharing. Transaction in the DPoS blockchain are confirmed by participants called Verafiers who are voted in by VERA holders. Verafiers are also rewarded with VERA for their services.

Dedicated Team of Professionals

The Verasity team consists of seasoned professionals and successful entrepreneurs drawn from the media, video and technology industries. Led by David Orman as the CEO, the core team, development team, and the management have proven their mettle in their various endeavors and are collaborating together to build the next-generation of online video sharing platform for all.

Strong Partnerships

Verasity is currently in partnership with a host of well established companies such as North Block Capital, Black Green Capital, MLG, Tokeny, Cryptecon, Akamai, Hypercube, and so on.

Summarily, Verasity believes that viewers should be able to access online videos on any device and operating systems without restriction to location. Therefore, they are providing a level-playing field for all participants to thrive. With Verasity, the future of online video sharing has come.

To learn more about the project:

Website: https://verasity.io/

Whitepaper: https://verasity.io/documents/verasity_whitepaper_eng.pdf

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