Verasity (VRA) offers a unique patented Proof of View system through which it plans to solve the problems of video advertising and NFT fraud. Verasity’s product lines range across multiple industries but are all built with the Proof of View platform as their backbone. It offers a VeraWallet on its blockchain network on which the VRA token is used as the main currency for participating in the online variety gaming and video economy.
How Does Verasity (VRA) Work?
Verasity is a protocol and product layer platform for esports, video entertainment, and digital content management. Its products include a proprietary ad stack and the VRA rewards system which has been integrated into SDKs for YouTube, Twitch, Vimeo, and all major video platforms. As well as its patented Proof of View technology, which uses blockchain-powered AI, transparency, and immutability to defeat online ad fraud. Proof of View ensures every view captured on the ledger is authentic and ultimately provides stakeholders within the video ad space a trusted, single source of truth for capturing verified human views in real-time.
Verasity (VRA) helps to power the rapidly growing esports industry and gaming community by offering reliable server infrastructure, Proof of View security functionality, and VeraPlayer — a product layer platform for video entertainment.
On November 8, it announced that its Esports Fight Club (EFC) platform was rebranded to VeraEsports — representing the firm’s updated vision for its technology. This expanded vision includes a new offering known as “Watch & Earn” — which allows users to stream content, earn and compete on the VeraEsports website, while advertisers still benefit from Verasity’s Proof of View tech.
With this solution, Verasity looks to provide a bridge to bring esports fans into the crypto industry, while boosting revenue for esports advertisers and enthusiasts. VeraEsports offers access to streams from some of the biggest names in gaming, with tournaments hosted by the likes of Valorant, Riot Games, and Axie Infinity. It has also teased an upcoming NFT marketplace with both in and out of game content for its users.
Verasity has also expanded its Proof of View patent to include NFTs. The product offering will provide marketplaces and buyers the ability to verify the authenticity and accuracy of NFTs — ensuring those minting or selling the NFT are who they say they are, and the NFT is what it claims to be.
VRA Token Use Cases
Staking
VRA can be staked as part of Verasity’s VRA staking program. The rewards earned are proportional and based on the number of tokens staked. As it stands, the platform currently offers 25.5% APY on staked tokens until March 2022 – although this may be extended.
Earning
Users can participate in the activities offered by the VRA network to earn tokens. For example, they can watch videos on a publisher’s domain or on the VeraEsports website, refer their content to others, and perform other actions that directly increase the popularity of a domain to earn VRA tokens.
Spending
Users have the option to convert their VRA tokens into other cryptocurrencies on exchanges. They can also use the VeraWallet to buy and sell VRA in return for fiat currency.
Verasity (VRA) Tokenomics
The total supply of VRA tokens is 10,368,525,869 and the circulating supply of VRA tokens currently stands at 4.47 billion.
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