Verasity – a next-generation video sharing platform

YouTube, Facebook, and Vimeo and other platforms have propelled video into the mainstream. But, controlled by the middlemen, the majority of the value generated by viewers still goes to a small fraction of top-tier creators, the video platforms, and corporations rather than being fairly distributed to all participants.

Verasity is a Blockchain-enabled video sharing platform which by removing the middlemen will liberate creators and benefit viewers and reward creators and viewers with an internal cryptocurrency, VERA tokens.

By enabling direct value exchange between the viewer and the creator Verasity promises to put the power back into the hands of the users.

A very interesting point is that on Verasity, users will be able to earn VERA by simply watching videos.

The company is also developing the Spark Marketplace, a marketplace which will allow video creators to crowdfund their projects by selling users shares of their future revenue.

The technology

The team at Verasity has developed a patent-pending Proof of View (PoV) system based on blockchain to provide accurate audience metrics. These accurate audience metrics will ensure the ecosystem retains a fair commercial relationship between all participants.

Currently in development, Delegated Proof of Stake Blockchain (based on the Graphene DPoS Blockchain) will be a secure transaction ledger and will power Verasity’s wallets and exchange.

Progress, sale, and airdrop

The team already has a working online video platform for high quality video playback which should help drive mass adoption of the platform.

Verasity’s video player has been in development for 4 years and the prototype is live now.

But the full version of their site will be launched not sooner than in 2019, and the mobile app – a year later.

Currently, the team is running a private sate till May 31, immediately followed by a public sale. A total of 12,491,500,000 ERC-20 tokens will be created.

As of the time of writing, they are running an Airdrop campaign and giving away 10 million VERA Tokens to 25,000 people. Tokens will be released to lucky ones within a month of the public token sale finishing in June. Airdrop participants will need to complete full KYC/AML procedures before we release tokens. Individuals from Cayman Islands, Kuwait, Saudi Arabia, and the United States are unable to take part in this airdrop and will not receive tokens.

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