Video Streaming on the Blockchain Just Got Better Through Verasity: The first community driven video platform

The internet technology has provided a wide range of improvement opportunities to all and sunders be it individuals or business entities. In fact as it stands now, there is no sector of the economy that can deny the great opportunities that have been offered to them by the technology. The most obvious is the content industry which will be my main focus in this post today.

Hundreds of years back when there was no internet technology, people only got information and entertainment through physical contact with themselves and also radio stations which leaves them with no choice than to make do with what is being brought to them. Now people can endlessly information and also get entertained with smart devices through the internet technology without any stress.

Youtube as a popular video search engine is known to be a free website where users can easily log onto and get entertained through watching of videos and other contents but this platform is so discouraging for premium video producers as they are not being rewarded rightly and as such, it has led to the creation of other platforms by these premium content producers in order to prevent being extorted by the monopoly system of the video industry. An example of this case is the advent of Disney platform which decided to establish its own platform and be independent in order to get direct relationship and feedback from their subscribers and users which can only be made possible by creating their own platform.

That being said, you will agree with me that if all premium video producers get on this thread and start creating their own platforms, then it will cause a lot of diffusion of goodfcontents which will make it stressful for us to get good videos on a single platform, we will have start logging on to several platforms to get a good video which obviously seems too tiring and unrealistic.

Another problem worthy of mentioning in this industry is the rising trend of fake views on videos as a result of inability to get organic views, this might be due to the fact that viewers are not being compensated for their actions and as such, video producers are being discouraged often.

These problems have been carefully studied by Verasity team, they have come up with a lasting solution through their platform.

Verasity is a fully functional blockchain based platform that rewards the video viewers for their actions with the native token of the platform (VRA token).

I am sure you are also amazed as I am that you get to earn while watching videos on the platform, yes, Verasity makes you also earn while being entertained. This is done mainly to help generate traffic for video publishers. Also, you get to earn more videos by sharing, videos and referring new users to the platform. Isn’t that awesome?

This solution by the platform will surely be of great advantage to video producers and watchers because of the incentive program.

On this platform, there’s availability of wallet (VeraWallet) which allows viewers to earn, store and also transact with their VRA tokens securely and is available from any compatible video player that has integrated Verasity rewards SDK.

The system has also been designed in such a way that video publishers can set up a reward campaign to their own taste by using VRA tokens in their wallet which can be used as incentives for other users as they watch their videos.

Other Features of the Platform

• HTML5 Video Player which Can run with or without Google IMA SDK
• Built-in player wallet( VeraWallet)
• 1080p / 60 frames per second full HD ready
• Built-in notifications system
• Third Party Publisher widgets
• Referral system and social sharing features
• Embed technology making it available across any website
• Lightweight and adaptive for mobile screens and
• Back end database structure.

Verasity Platform in a bid to make its platform more effective in incentivizing the video industry has announced a partnership with Binance chain on 24th of may, 2019which will help a great deal in making the platform’s vision become a reality. Also, the partnership will provide more liquidity for VRA token as we are all aware that Binance exchange is a top leading cryptocurrency exchange globally with the highest recognition as well.
VRA token has a total supply of 10,839,985,784 tokens with a circulating supply of 3,803,335,583 VRA. He team also has plans to conduct token buy back and burning which will obviously lead to its value increase.

Verasityis already setting a new standard for video platforms which is a win-win for both video watchers and producers and with the several plans being put in place by the team to improve the video industry through its incentives, it will surely make the platform be a game changer for the whole of video and blockchain industry.

For more information about Verasity, please check the links below;
WEBSITE
WHITEPAPER
ANN
TELEGRAM
TWITTER
FACEBOOK
REDDIT

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