Verasity: The View Changer of Video Industry




Introduction-
The first thing any does after turning on the laptop is connect it to the internet. The basic tabs browsed by users surely include YouTube or Vimeo or Dailymotion. Video industry is huge and saturated and exploding. There is a lot of content. Every other teenager is trying his/her luck in making videos. Vlogs, that is video blogs, are a rage today. Videos have become the basis of expression. From comedy gigs to short movies, from celebrity gossip to education, everything is explained with lucidity the video industry. And there is equivalent response from the people as well. People spend their entire time watching videos. And since there is a vast variety of content, people get to see new things every day. Hence the industry is expanding and growing bigger and centralized with a few huge industries ruling that realm.
Current Scenario-
With great quantity comes reduced quality. Because every other person is able to post videos anywhere, the authenticity of the content is questionable. Fake accounts spreading wrong information is common. The centralized industry prevents small scale video makers to rise in the ladder. Working under a central authority they lose their freedom and get no recognition. Furthermore, new comers with quality content get lost among the thousands of video makers who already have a customer base in millions.
Personal user data is often sold to make targeted ads. People are used as commodity. The most annoying part of any video is the advertisement. Instead of helping advertisers promote their products, it irks the people who use ad block technology to block them. This is turn, lessens the money gotten by the ad industry which pays lesser revenues to the platform. The platform keeps most parts of the revenue for operations and profit. In the end it is the creator who is at loss. Even though video industry is a well-established industry, such is its condition.
How Verasity Works-
Verasity is a new video platform that is a dream come true for viewers, creators and advertisers alike. Verasity pays its users for watching videos! And it lets it users to decide if they want to watch ads or not and it they do, they get paid for it too! It also helps curb intermediaries so that content creators can get the revenue they deserve. And they help advertisers advertise their content as users have the freedom of choice and are payed for their attention. Veracity will work through VERA coins which will be the primary transaction method across platforms but it also would be interconvertible to other forms of currencies.
Another advantage of Verasity is, it works on any browser without a necessity for an external plug in or software. It uses Proof of View so that no fake views can be generated and scams can be avoided. It uses Delegated Proof of Stake so that transactions can be transparent and fair. Another feature of Verasity is its Spark Marketplace where users can buy and sell VeraSparks and fund their favourite channels and in return get a portion of the channel's revenues.
Conclusion-
Thus, Veracity is a very interactive platform that has many perks which could help improve the online video industry manifold. Along with safety and transparency it has a lot of features to ensure quality content from its creators, with deserving revenues and of course the attractive offer of earning money in return of watching videos. The users get enlightened, entertained and earnings. The creators get exposure, appreciation, fan base and deserved revenues. The platform get its shares for operations and profits. The advertisers get the user attention as well as monetary benefit. The sponsors get their profit.
In all, the Verasity ecosystem creates a real bond between creators and viewers along with satisfying both of them. With its team working hard to help the industry and its people, it will surely become a successful endeavour.
Website - https://verasity.io/
Whitepaper - https://verasity.io/documents/verasity_whitepaper_eng.pdf
ANN - https://bitcointalk.org/index.php?topic=3208145
Telegram - https://t.me/verasitychat
Author: johnthedon
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1860087

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