Verasity Price Stats
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Market Cap: $45,062,191
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Circulating Supply: 10,343,094,362
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Supply Cap: 110,356,466,695
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All-Time High: $0.086208(November 1, 2021 -95.0%)
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All-Time Low: $0.00199511(February 23, 2021 117.7%)
Brief History of Verasity
Verasity is a next-generation video-sharing platform aimed at creating a fair system for creators to earn from their work and advertisers to gain value for their ad spend. Verasity aims to significantly increase advertising revenues for video publishers in any video platform through its rewarded players and ad stack utilizing its patented protocol layer on the blockchain PoV(Proof of View) which is the only protocol layer patented technology for the blockchain. Verasity was launched in December 2018. It was one of the first ICOs in the industry, and most investors were skeptical about the potential. However, the ICOs success has spurred a lot of interest. Its first big push was in early 2021 when Bitcoin had reached new all-time highs. Then veracity spiked again, reading its first all-time high of $0.05 per coin. Then, the price fell to $0.01 in July but soon recovered to a new all-time high of $0.086.
The Team Behind Verasity
Verasity was founded by a team of professionals with a proven record in the video and media industry. They work full-time at Verasity, and they have been collaborating since 2017. Mark R.J., the founder of Verasity, was involved in the research and development of a compression algorithm for streaming applications used at Action TV in the United Kingdom in 2000. He later had a stint as CEO at a data management company — Datagard, which included several popular brands. Mark managed and founded other companies in media technology and privacy management before starting Verasity. He has over two decades of experience in media technology and streaming applications. Director of the Verasity Foundation, David Archer is a Solicitor, Barrister, and graduate of the London School of Economics and Political Science. Sergy Molybog, Kyrylo Bibik, and Dmytro Medianik are all specialists in general and object-oriented programming languages. They develop and manage the technology stack with other members of the Verasity team.
Advantages of Verasity
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PoV technology patented.
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Support staking(passive income while increasing demand for VRA).
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Propriety technology.
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The patent extends to NFT.
Disadvantages of Verasity
- Not fully decentralized.
Use Cases of Verasity
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Esports Fight Club.
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Verasity tv.
Summary
The veracity blockchain has been rapidly developing since 2019, and it aims to have a blockchain that will be secure, auditable, and accurate for verification. By utilizing a blockchain with high transaction rates and excellent utility, VRA is a very promising one to watch.
