Verasity

Verasity

Created using Figma
Created using Figma

Last Update

Apr 4, 2018

VERASITY is a platform thatentirely restructures video economy by transforming the relationships between advertisers, content creators, and consumers. Unlike current video sharing platforms that feature several layers of vendors and middlemen between ecosystem participants, this ecosystem skew the content value so that high volume engagements benefit the consumer and content creator.Verasity features an effective Proof of View, makes Viewers the center of content transactions and utilizes blockchain technology.
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Public Sale
Jun 1, 2018
Jun 30, 2018
100% completed
$46 800 000
374% goal completed
Goal 12 500 000.00 USD
past
  • 1 VRA
    =
    0.01 USD
Public Pre-sale
May 1, 2018
May 31, 2018
100% completed
Raised funds - no Data
Goal 11 200 000.00 USD
past
  • 1 VRA
    =
    0.0075 USD
Private Sale
Mar 1, 2018
Apr 30, 2018
100% completed
Raised funds - no Data
past
Token Details
Ticker
VRA
Accepted Currencies
ETH, BTC
Company Details
Registered Country
Cayman Islands
Additional Details
MVP/Prototype
Yes
Platform
Proprietary blockchain built upon the Graphene framework.
Whitelist
Yes ,
KYC
Yes
Categories
Platform, Cryptocurrency, Media, Entertainment

About Verasity

Verasity is a disruptive next-generation video-sharing platform. Taking the best elements from traditional models such as advertising, SVOD and crowdfunding, our decentralized blockchain takes intermediaries out of the equation and keeps value within the community.

Our patent pending “Proof-of-View” technology ensures only legitimate video views get committed to the blockchain. On Verasity, viewers determine the value of content by their consumption - rather than third-parties or advertisers.

Viewers are rewarded with VERA cryptocurrency for watching and sharing videos. If they choose to watch adverts the rewards increase.

The platform gives creators and publishers a variety of monetisation solutions to choose from including donations, pay-per-view, and subscriptions. Creators can also opt to sell ‘VeraSparks’ in their channel and accelerate their growth. The users who buy them from the 'Spark Marketplace' then share in a channel’s on-going financial success.

Features

Verasity for Viewers:

View great video content
Verasity’s economy is designed to help Viewers find the content that they really want to watch. Direct commercial relationships between channel owners and their Viewers, ensure no third party can bias content suggestions.

Get rewarded for viewing
Verasity incentivizes Viewers to engage with the platform by rewarding them with VERA for the content they watch. Advertisers directly reward Viewers who choose to watch their adverts.

Earn VERA by supporting channels
Within Verasity, Viewers can help support the growth of a content channel through VeraSparks. If Viewers own VeraSparks in a channel, they receive a portion of the VERA collected by the channel.

Verasity for Video Content Creators:

Create channels and upload videos
Any Verasity user can become a Creator and launch a channel. Verasity uses proven, scalable and high-quality video streaming technology that ensures the best experience for Creators and their fans.

Multiple monetization methods
Verasity enables microtransactions that create the most flexibility for Creators and Publishers to monetize their content. No more waiting on payments as Verasity transactions are fast, secure and transparent.

Fund development of your channel
Through VeraSparks, Creators can sell a portion of their channel’s future revenue on Verasity, in exchange for VERA. This VERA can be used to accelerate growth in a channel and users who buy VeraSparks share in the success they helped to create.

Verasity for Advertisers and Sponsors

Brand new value
Verasity creates a direct value exchange between brand spend and Viewer interaction. With Verasity’s Proof-of-View technology, each view will be recorded in a way that is transparently auditable within the Verasity Blockchain.

Advertisers
Verasity enables Advertisers to directly pay Viewers VERA in exchange for their attention. Advertisers are guaranteed to reach engaged Viewers who voluntarily accept to watch the adverts.

Sponsors
Verasity enables Brands to transact with Creators directly through the platform using VERA. This assures sponsorships and brand placements are verified through Verasity’s Proof of View technology.

Technical Info

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

Verasity Economics Paper: https://verasity.io/documents/verasity_economics_eng.pdf

Verasity Token Sale Document: https://verasity.io/documents/verasity_token_sale_proposal.pdf

Verasity Roadmap

  • Q3 2017

  • Founders identified opportunity for blockchain based video platform and started investigations - Delivered
    Adapted an existing white label UDP video player and CDN which has proven scale - Delivered
    UDP Video Player technology built into Chromium. TCP fallback integrated into player for seamless use on non-UDP enabled browsers - Delivered
  • Q4 2017

  • UDP video player tested with Akamai at 30m+ unique users per month - Delivered
    Assemble core team and advisors - Delivered
    Write and validate white paper - Delivered
    Investigation into Blockchain ledger - Delivered
  • Q1 2018

  • Creation of Foundation structure - Delivered
    Release VeraPlayer prototype - Delivered
    Announcement of project, publish whitepaper - Ongoing
    Launch Public sale website - Ongoing
  • Q2 2018

  • Fundraise through private sale - Ongoing
    Launch public sale
    Release Wallet prototype
    Expand team of engineers
  • Read More
  • Q3 2018

  • Release and test Blockchain
    Release VeraWallet
    Convert VERA onto Verasity Blockchain
    Launch CMS and Analytics
  • Q4 2018

  • Launch beta of consumer platform to a select group of Creators
    Launch VeraPay
  • 2019

  • Launch full version of site
    Launch Spark Marketplace
    Add advertising as a monetization option
  • 2020

  • Launch mobile apps
    Scale platform to 15m VeraWallet holders
  • Q1 2021

  • VOD sharing platform (veraesports.com/video)
    Release of proprietary VeraEsports video player
    VOD content acquisition
    Current VOD library
    Streamer/influencer VOD upload
    Third party compiled highlights, on-going
    Search function for VODs
    Verasity proprietary adstack on VOD player
    VRA Rewards on VOD player
    Livestream viewing VRA reward system
    VeraWallet - Automated Withdrawals
    VeraWallet - Instant Stake ETH and BTC added
    VeraEsports - Added automation and other features
    VeraEsports - Added Dota 2 and Free Fire
    VeraEsports - Tournaments added
    PROJECT
    Verasity - Proof Of View enabled smart contract (ERC777)
    Verasity - Swap from ERC20 to ERC777
    Verasity - Proof of View Patent #1095693 awarded
    Added exchanges: Bittrex, MXC, Gate.io, DigiFinex, UniSwap, DoDo & Bitribe
    Keynote speech at 2021’s CoinTelegraph's Global Hot Trends Summit
    MARKETING ONGOING
    Monthly community tournaments with newly signed partners
  • Q2 2021

  • PRODUCT
    VeraWallet - Staking program extended
    VeraWallet - Improved security by adding mandatory 2FA
    VeraWallet - Minimum stake reduced to 10k VRA
    VeraWallet - USD reference values added
    VeraWallet - OAuth letting users sign in with VeraWallet on other publisher sites
    VeraWallet - Feature for cancelling withdrawals
    VeraWallet - Multi threaded withdrawals processing to increase speed
    VeraWallet - Improved instant staking deposits monitoring
    VeraEsports - Facebook, Huya, Youtube live streams support
    VeraEsports - Social sign in with Facebook, Google, Twitch and VeraWallet
    VeraEsports - Redemption Store Launch
    VeraEsports - Regional Control over Tournaments to ensure quality connectivity
    VeraEsports - Established comprehensive CS:GO infrastructure with reliable anti-cheat mechanism
    Rewards SDK - Rewarded campaign limits visible display
    Rewards SDK - Gift codes & VeraEsports points system added as a new reward type
    PROJECT
    Listing on Bithumb
    Listing on OKEX
    Riot Games partnership for Valorant Challengers
    Increase viewership by 1.6 Million followers by onboarding more streaming partners
    Hosted 27 community tournaments and UWS Dota 2 tournaments for SEA & China with $18,000 in the prize pool
    Added reward system to allow partners to add physical prizes to tournaments
    In-game advertising with CS:GO gaming partnerships
  • Q3 2021

  • PRODUCT
    VeraViews - Ad Tech Platform is rolled out
    VeraViews - Side Chain launched
    VeraViews - Proof of View in closed Beta implemented on Side Chain
    VeraWallet - Purchase VRA with Credit Card via Transak is enabled
    VeraWallet - 2FA Flow is improved
    VeraWallet - Withdrawal fee is reduced
    VeraWallet - Bug fixes
    VeraWallet - Backend improvements
    VeraWallet - Security improvements
    VeraEsports Redemption store launched & live
    VeraEsports Points Rewarding Program is launched
    VeraEsports - Sign-in with Kakao accounts is implemented
    VeraEsports - Entirely new esports tournament site in development replacing Q3 VeraEsports Product upgrades
    VRA - Shop on major online marketplaces
    PROJECT
    Verasity - Second patent awarded
    Verasity - VRA enabled purchases for game hardware via shopping.io launched
    Verasity - Ambassador program is launched
    Verasity - PoV NFT Patent new claims is published
    Verasity - Twitter community exceeds 150k followers
  • Q4 2021

  • PRODUCT
    NFT Marketplace - In development of an NFT Marketplace to include creator perpetual licenses for resales, In-game cosmetics minted as NFTs and application of PoV to NFT Marketplace to stop NFT fraud
    VeraPlayer - Launch with VeraAds on enterprise distribution video platform
    VeraViews - Extends closed beta to enterprise distribution video platform
    VeraEsports - Launch backend video CMS for video content on enterprise video platform
    VeraEsports - Live Streaming enabled on enterprise video platform
    VeraEsports - Additional in-game cosmetics + in-game currencies purchase through Store with VRA
    VeraEsports - Branded highlighted tournaments for influencers and streamers
    VeraEsports - Ticketing support for VeraEsports
    VeraEsports - Entire revamp of esports tournament site launched with gaming partners to be announced
    Create tournament flow is rethought and simplified
    Join the tournament flow is simplified
    Create and join teams functionality is improved
    Rewards accounts integration is implemented
    Tournament check-in feature added
    Individual matches check-in feature added
    Map voting feature added
    PROJECT
    Verasity - Verasity corporate site revamp
    VeraViews - Ad Fraud detection with Proof of View with partners
    VeraViews - View verification Proof of View on chain
  • Q1 2022

  • PRODUCT
    Proof of View - Admin panel for Brightcove publishers
    Proof of View - Analytics dashboard for Brightcove publishers
    Proof of View - Closed beta with initial Brightcove Customers
    VeraEsports - Tournament creation flow improvements
    VeraWallet - Account transactions history export functionality
    VeraWallet - Automated KYC
    PROJECT
    VeraEsports - Major Official Tournament with Partner Launched
    VeraEsports - Large number of Tournaments for 2022 to be announced
    VeraEsports - Substantial increase in Game Titles Announced
    MARKETING ONGOING
    Monthly community tournaments with newly signed partners
  • Q2 2022

  • PRODUCT
    Proof of View Live with Brightcove Customers
    PoV enabled smart contracts for NFTs
    NFT marketplace development and closed beta for gaming publishers
    Vera Card partnership launched
    VeraEsports - Live chat functionality for live events
  • Q3 2022

  • PRODUCT
    NFT marketplace MVP public launch
    Introduce a platform for in-game redeemable NFT items creation, minting and sell for game Publishers
    Purchase functionality for Marketplace Buyers
    Re-sell functionality for Marketplace Sellers
    Introduce public user profiles and NFT collections
  • Q4 2022

  • PRODUCT
    VeraWallet - Website revamp
    VeraEsports - New video library tagging and categorization system
    Verasity - Single Sign-On across the Verasity products - major update
    Verasity - Identity and access management service for user authentication and authorization
    Verasity - Improved account security by introducing phone number Multi-Factor Authentication
    PROJECT
    Verasity - Integrated support across Verasity services

Activity

Activity:
490
VERY HIGH
Merit:
114
MEDIUM
Posts:
741
HIGH
Views:
17 738
VERY HIGH
Users:
143
MEDIUM

Participation in events

Verasity Team

Verified 92%

Attention. There is a risk that unverified members are not actually members of the team

David Orman
CEO
verified
Scott Brown
Project and Video Network Expert
verified
Chris Morof
Lead Engineer
verified
Andy Long
Blockchain & Data Centre Expert
unverified
Kyrylo Bybyk
Senior Blockchain Developer
verified
Ievgen Iegorochkin
Blockchain Developer
verified
Dmytro Medianik
High-load back-end developer & security engineer
verified
Mykolai Chapny
Blockchain and back-end Developer
verified
Anton Lukashenko
Full-stack Developer
verified
Jon Hook
Advertising Technology Expert
verified
Danielle Francis
Marketing
verified
Merv, Leslie
Social Video Expert
verified

Advisors

Verified 50%

Attention. There is a risk that unverified members are not actually members of the team

2 ICO

$76 800 000

Dr. Christian Jaag
Economic Advisor
verified
Matt Haiman
Advisor, Investor, Media Expert
unverified

Verasity Interviews

David Orman
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Very excited to be part of Verasity's next generation video platform project. Launching a new cryptocurrency (VERA) and utilising the blockchain to solve many of the big issues in the media world.
Scott Brown
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
The prospects of Verasity are so exciting, solving and evolving the legacy issues in media ecosystems through blockchain and digital economies. The opportunity for for disruption in multiple dimensions is simply limitless, not to mention the satisfaction of helping content creators and consumers to get the most out of their engagements with the platform.

Very excited to be involved with the project.
Chris Morof
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Being an active part of the video community both in ad tech and video tech we are working together for the common goal of disrupting the video world. As a Verasity team member I am actively consulting the team relative to tech, being an active developer
Dr. Christian Jaag
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Introducing its own token allows Verasity to organise its video platform as an independent economy, and therefore to use tools from fiscal and monetary policy to stabilize price levels and foster growth.
Kyrylo Bybyk
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Blockchain Developer
Ievgen Iegorochkin
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Within the Verasity team I work closely with the other developers on our team to ensure high performance of all blockchain elements within our products.
By utilizing some unique technology, Verasity is able to facilitate a complete ecosystem where both video creators and viewers can thrive.
Dmytro Medianik
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Having worked on multiple projects during my career, Verasity is a stand out project in so many ways. The fundamental idea, great team and overall technology are in a prime position to build a platform built to last. My role in the team is to ensure the security and scalability of the platform for our community.
Mykolai Chapny
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Having worked within online video for many years, helping to build the future of the industry is extremely exciting. My role within the project is to make sure all the backend technology and blockchain features work well together!
Anton Lukashenko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
It is great to be part of such a talented and innovative team. I'm looking forward to helping the whole online video industry utilize Blockchain technology in a way that helps drive the growth and development of content creators!
Jon Hook
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Advisor to the Verasity.IO team.

New revenue models for content creators, publishers and advertisers need to be created as the current digital advertising model is failing and in serious decline. There is too much "smoke and mirrors' in the current video advertising ecosystem with a lot of advertiser money lost in hidden tech fees, meaning the publisher/creator lose out, the consumer loses out and so does the advertiser.

The Verasity team are focussed on developing the new consumer video model, building on existing and proven digital formats that have worked well in the gaming space such as rewarded video. From my time in the gaming and mobile word this trend and type of "ad format" is continuing to grow and break into mainstream premium publishers. Verasity's vision and tech is the next step in this process.
Danielle Francis
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Advise Marketing team on user growth and mobile products.
Merv, Leslie
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Provide a helping hand to ensure that Verasity is a content-first environment. Putting premium creators and their content at the centre of it all
$ 0.0086
-5.14%
Crypto Stats
Daily, %:
-5.14%
Weekly, %:
-14.26%
Monthly, %:
-58.06%
Market Info
Market Cap:
$ 38.445 M
Volume 24h:
$ 20.4 M
Circ. Supply:
4.47 B VRA
Ticker:
VRA
ICO profit
X 1.47
ICO Price~$0.0058

Verasity Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

VERASITY is a platform thatentirely restructures video economy by transforming the relationships between advertisers, content creators, and consumers.  Unlike current video sharing platforms that feature several layers of vendors and middlemen between ecosystem participants, this ecosystem skew the content value so that high volume engagements benefit the consumer and content creator.

PROS

  • The veracity Content management system is easy to use and creators can easily publish and manage their videos. Creators can easily upload, share, monetize and take control of the distribution of their content.
  • It also provides trust, transparency and integrity to the video sharing community. This will create fairness and ensure that every participant gets what they deserve.
  • The platform benefits from additional data on how viewers value content through transaction data. It also gives creators and publishers a direct platform to promote their content on the platform.
  • Viewers get the opportunity to buy and view high-quality content across different devices and operating systems in any part of the world without latency, buffering and playback challenges.
  • The platform is optimized for high-quality consumer experience besides minimizing the cost of distribution thus creating more margins for content creators and reducing prices for consumer.
  • The team; there is a large number of team members, each of whom is highly qualified and specialized in different aspects of the ecosystem
  • The whitepaper; besides being available in different languages, the whitepaper is comprehensive and uses a simple language that is easy to understand.

CONS

  • The whitepaper uses minimal visual illustrations like charts, pictures, and graphs. It also focuses more on the benefits of the ecosystem and less on the technical aspects.
  • VERA, the system tokens is not compatible with fiat currency. Users who are not in possession of popular cryptocurrencies may have a hard time acquiring the tokens.
  • The transaction fee retained to run the platform is not given an exact figure. A potential investor needs this information when deciding whether to invest in the platform or not.

SUGGESTIONS

  • The whitepaper should be balanced in the style; visual display, plain content, and illustrations make the piece interesting to read.
  • VERA should be made compatible with fiat currency to motivate content creators and consumers who are not conversant with digital currency to use the platform
  • The team should decide on the exact amount of transaction fee as this play a crucial role when an individual is making a decision to invest.

NOTE:

Verasity features an effective Proof of View, makes Viewers the center of content transactions and utilizes blockchain technology, making it a very irresistible platform. I will invest, therefore, in this attractive platform.

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DiddyCarter
B+
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icopools.io
analysis

Market:
The competition on the market of video platforms is very high, over 20 ICO projects were held for the year, which were Youtube “killers”, but there were no significant shifts on the market.
The main competitors in the decentralized environment:
Theta token - in the course of ICO $20M was raised, capitalization - $139M, ROI USD - 1.81x
FLIXXO - raised - $4,7M, capitalization - $7,36M, ROI USD - 1,02x
Viuly - capitalization - $4,1M, ROI USD - 0,04x
Viewly - raised - $12M, ROI USD - 0,43x
BitTube - capitalization - $10M, from the time of entering exchange the price decreased 2 times
As distinct from competitors, which use decentralized p2p system, Verasity uses the centralized model of video content distribution and additional economic incentives for platform participants. The project founders named a new economy of advertising income distribution and the opportunity of crowdfunding for video bloggers’ channels the main advantages over Youtube.

Social activity:
The marketing activity of the project team in the Internet is high, although the community’s interest in the project is low. Verasity is represented on more than 30 news resources, almost in all social networks: Facebook, Medium, Reddit, Linkedin, Steemit. There’s also a channel in Discord and a Telegram group. The record number of subscribers is in Facebook – 284K users, in Twitter 11,2K, however the average number of likes and shares per post in FB and Twitter is 50, which indicates audience cheat. The official chat in Telegram counts 47900 users, but their activity is as low as discussion of posts in Medium and Reddit.

Verdict:
The focus of competitive advantage of the project is on a new economy, and not technological innovations. The algorithm Proof of View is being patented, and its operating principle is not disclosed, also there’s no possibility to get to know the project developer’s pride - the source code of VeraPlayer. However, the team experience and several methods of income receipt for content creators and viewers are potential for the project’s success. However, the influence on the market of video hosting of world giants Youtube, Netflix will scarcely be reduced in the next 5 years.

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Ian Scarffe
Blockchain ICO Consultant / Advisor. Founder at Crypto Consulting and Investments LTD.

There is a strong and knowledgeable team leading this, and they are also have a strong vision in what is a competitive market. I look forward to seeing how this one develops over the coming months

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icocrunch.io
review

Verasity is going to bring transparency and security traditional for blockchain technology to the video sharing industry. Though the hype around the project is quite high, the platform has multiple competitors to fight with. A significant advantage of the platform is their partnership with Akamai, a global content distribution network, so the scalability problem is partly resolved. Their hard cap which is quite high is another disadvantage. Anyway, considering huge size of the video sharing industry, its high demand, the strong team, and the idea realized in a scheme attractive for all parties, Verasity is an excellent project.
Yet another platform for media content, this time it’s about videos, that solves transparency problem and making the entire process, from ordering video content till viewing it, attractive for everyone.

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