What is Varasity?
Verasity is developing a next-generation video sharing platform. This platform will empower Creators and
improve the experience of watching video online.
There are many existing challenges identified with the online video space today. Verasity’s team of media,
technology and blockchain experts are building a new model where Creators and Viewers transact directly on
the Blockchain, removing the need for intermediaries. The Verasity Player and online video platform is fully
functional and can be seen at: verasity.io This includes the Verasity Player Wallet prototype.
The “VERA” token is a new medium of exchange and reward for video creation, sharing and viewing across the
Verasity community. Anyone watching videos can earn VERA currency. If they choose to watch adverts or
share the videos with their network, they will then receive further rewards in VERA. The platform gives Creators
and Publishers a variety of monetization solutions to choose from. Verasity’s mission is to help them generate
more value from their content. All transactions of the VERA token will be tracked and stored on the Blockchain
utilising Delegated Proof of Stake (DPoS).
In a goal to bring Creators and Viewers together to support the creation of great video content. “Spark” is a
brand new take on a Marketplace where Viewers can fund Content Creators using VERA. Creators can opt to
sell a “stake” (VeraSparks) in their channel to finance production of new high quality content. Then those who
have supported them can share in their success.
To ensure transparency and integrity for the community, Verasity are developing a proprietary “Proof of View”
technology. Every video view will be securely tracked and stored on the Blockchain. This provides the security,
flexibility and scale to support a flourishing new environment for Content Publishers, Advertisers and Viewers.
The project vision is for the Verasity Protocol to also be adopted across the wider web and for VERA to
become the cryptocurrency to power the future of online video.
https://medium.com/verasity/why-do-i-need-to-register-and-do-kyc-1972ced61744
