With a large number of crypto projects in the market, it is sometimes difficult to discover valuable initiatives. Verasity (VRA) is one of these cryptocurrency and blockchain projects that could become a top 10 project.
In recent months, VRA price massively surged and it could continue doing so in the future. In the coming sections, we will share with you what Verasity (VRA) is and why you should pay close attention to it.
Disclaimer: the information shared by AltSignals and its writers should not be considered financial advice. This is for educational purposes only. We are not responsible for any investment decision you make after reading this post. Never invest more than what you are able to lose. Always contact your professional. financial advisor.
Verasity claims to be a Protocol and Product Layer Platform for Esports and Video Entertainment. The goal is to increase the engagement of the community that enjoys gaming and e-sports videos and streams on a regular basis.
At the same time, wit Verasity it is also possible to make it easier for video publishers to get access to revenue from viewers in VRA tokens. The project works with a Proof of View (PoV) protocol.
The whole ecosystem is divided into the PoV Protocol, the Product Layers and the platforms. In this way, users can get access to VRA rewards (through the product layer). Moreover, there are other key parts of the ecosystem that include a proprietary video player, a proprietary Adstack a proof-of-view patent and the VeraWallet.
There are different companies that are already working with Verasity. These firms include Youtube, Vimeo, Brightcove, Twitch, Flowplayer and many others. This shows that Verasity has already reached a large number of users and continues to grow.
The problem they want to solve is the one related to the inefficient streaming business. Nowadays it becomes very difficult for individuals and streamers to get access to their funds. They have to be compliant with many regulations and just after tedious procedures, they are able to get their commissions.
By using a platform that directly integrates with many others and includes a proprietary cryptocurrency, makes it easier and faster for streamers to get their rewards. The entire gaming industry could start using Verasity. If just a small part would do so, we could see this project reaching a $1 billion market valuation.
The main goal is to increase advertising revenues for video publishers. This does not only include gamers but all types of videos. Everything works on the blockchain and uses the unique Proof of View protocol layer that has been patented in the world.
Vera (VRA) makes revenues with the esportsfightclub.com tournament platform and the subscriptions that come from it. There are also other ways for VRA to make money, these include ad revenues from videos and also transaction fees.
VRA will also be releasing its B2B products as soon as during the second half of 2021.
The price of the VRA cryptocurrency has been growing for several months now. The virtual currency was able to massively grow as the project expanded and reached new records. The bull market was very positive for VRA that is now being traded just below $0,05.
A few weeks ago this coin was being traded close to $0.0004. This is why we say that this cryptocurrency has been growing massively over the last months.
Some experts consider that VRA could reach the top 100. If that happens VRA could be worth more than $0.50. Nevertheless, this is a very risky prediction and we cannot confirm this would happen. This shouldn’t be considered investment advice.
At the moment VRA is just available on just a few exchanges. However, in the future, they could also be added to Binance and other recognized platforms to trade digital assets.
It is worth mentioning that VRA is also available on the WETH/VRA trading pair on Uniswap (V2) for users that prefer to get access to these virtual currencies using decentralized exchanges (DEX) or platforms.
Adding VRA to new exchanges could increase demand and consequently its price.
Verasity is a strong competitor of Theta (THETA), one of the top 15 cryptocurrencies in the world. This is why it is important to understand how far this digital asset could go. Indeed, the coin might be able to get a lot of attention from THETA investors that could move part of their funds to Verasity.
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