Verasity is a project focused on providing a new experience powered by decentralization through blockchain technology across esports, AdTech, and Digital Rights Management (DRM). The platform leverages a unique patented protocol layer, Proof of View, to provide higher transparency, accountability, and security within its infrastructure.
$VRA is the native token of the Verasity ecosystem, which supports the exchange of value across its core verticals. It can be used for transactions involving games, esports, NFTs, and video content on the network.
As of July 2022, the VRA token is held in more than 300,000 VeraWallets and is listed on over 24 global exchanges for trading. It is an ERC-777 token developed on the Ethereum blockchain with a max supply of 110.36 billion and a current circulating supply of 10.36 billion.
Verasity aims to develop global communities across gaming, esports, blockchain, NFTs, and AdTech through its innovative offerings. The company’s services are supported in 18 international languages until July 2022, and it plans to add support for more languages to cater to its growing global community.
Verasity believes in leveraging the power of blockchain to increase engagement and monetization opportunities for digital content creators and consumers. Video publishing and consumption are among the key focus areas for the company.
In addition, the following are among the leading offerings from Verasity:
Verasity has partnered with leading esports brands, including PUBG, Mobile, VALORANT Challenger, CS: GO, Tencent Games, and Athena Gaming, to offer a unique gaming experience powered by blockchain. VeraEsports allows users to play and watch esports and earn crypto rewards in the form of VRA tokens for their contributions.
The official digital wallet of the Verasity ecosystem, VeraWallet, allows users to store their cryptocurrencies and NFTs securely. The VeraWallet is also an exciting way to earn passive income, giving users APYs of over 18% for staking VRA.
Verasity's offering in the AdTech space, VeraViews, is an end-to-end ad-stack solution developed on the blockchain. It leverages the project’s patented proof of view technology to tackle the problem of ad fraud with complete transparency and accountability.
The $VRA is the native digital currency of the Verasity ecosystem and serves many purposes. Let’s take a look at some of the leading use cases for the VRA crypto:
VRA is the currency that you can use to conduct transactions across the Verasity ecosystem, including on VeraEsports, VeraViews, and VeraWallet. To play or watch esports, you can earn rewards in VRA crypto on VeraEsports. You can also receive VRA rewards for watching and engaging with video publishers' content within the Verasity platform.
You can stake VRA via the VeraWallet for high APYs of 18.25% per annum. The $VRA Staking Program is one of the most lucrative ways to grow your crypto portfolio and contribute to the development of the Verasity project.
To grow your crypto portfolio, you can buy or sell VRA against other cryptocurrencies on supported exchanges and platforms. You can also hold VRA long-term if you believe in the future potential of Verasity. Review the real-time Verasity price, VRA market cap, 24-hour trading volume, and news before you trade VRA in the market.
In addition to staking VRA on VeraWallet, KuCoin offers a risk-free and convenient way to put your VRA crypto to work and generate passive income. Head to the KuCoin Crypto Lending section to lend liquidity in VRA to the exchange. Earn attractive daily interest for your contribution over seven days, 14 days, or 28 days.
Period | Change | Change (%) |
---|---|---|
Today | $0.000089 | 2.80% |
7 Days | $0.000069 | 2.16% |
30 Days | $0.000406 | 14.21% |
3 Months | $-0.000267 | -7.54% |
Verasity is among the crypto projects with the potential for making profits from real-world applications. What makes it especially appealing is its use cases for blockchain and decentralized technology beyond fintech and DeFi, targeting several other lucrative avenues such as NFTs, gaming, and AdTech.
The Verasity price could see an uptick amid the rising adoption of its ecosystem by enterprises, content creators, advertisers, and consumers. More partnerships, especially for VeraEsports, could also increase the value of Verasity as an investment opportunity, offering support to the VRA price statistics and making it an appealing crypto asset to invest in.
In addition to increased adoption and partnerships, the Verasity price could also see an uptrend amid an improvement in the overall market sentiment. Investors’ bullish mood towards cryptocurrencies triggers higher buying activity across the board, attracting more investors into the market looking for new and exciting projects to invest in.
Verasity was founded by RJ Mark, a renowned entrepreneur, and technologist who previously developed various products across PC, Mac, Android, and iOS platforms. The core team and advisors of the project were assembled, and work on the white paper started in Q3 2017.
The Verasity white paper was published in Q1 2018, along with the launch of its token sale website. The public sale of VRA also occurred in the same quarter and ended in the year’s second quarter.
Q2 2018 saw the team focus on several technical features, including the design and architecture of the Verasity blockchain, the development, and audit of smart contracts for VRA, and the release of POC for VRA earning apps across desktop and mobile platforms.
2019 saw Verasity launch SDK integrations with leading video streaming platforms, such as YouTube, Vimeo, Kaltura, Flowplayer, and the launch of advertising monetization services. The publisher mobile app rewarded users with VRA for interacting with and watching ads and went live in Q4 2019.
2020 saw Verasity’s team focus on VeraEsports and blockchain gaming experiences. Staking on VeraWallet came along in Q2 2021, followed by the development of the NFT marketplace, which began in Q4 of the year. The NFT marketplace MVP public launch is slated for Q3 2022.
As of July 2022, the Verasity price was trading well below its all-time high of over $0.08 in November 2021. With the right market conditions and growing adoption of its ecosystem, the VRA price could reclaim this level and soar beyond its ATH.
However, touching the critical $1 level would be a considerable challenge for this cryptocurrency. One of the biggest challenges is VRA’s high circulating supply of over 10 billion. For the Verasity price to touch $1, the project’s market capitalization at the current rate would cross the $10 billion mark, an extremely steep valuation for any project in this space to date.
However, in the future, as the Verasity team burns more VRA tokens and brings down its circulating supply, the $1 level would become an even more realistic and achievable target for the Verasity price. Amid faster token burning reducing the total supply, increased adoption of its ecosystem by projects and end users, and bullish market sentiment towards cryptocurrencies, theoretically, the VRA price could touch the $1 mark.
Staking VRA token offers a lucrative opportunity to put your Verasity holdings to work and earn passive income. Here’s how you can stake VRA tokens on VeraWallet for high APYs:
1. Create an account on VeraWallet with your email if you don’t already have one.
2. Add funds to your VeraWallet by buying $VRA on KuCoin or other platforms that support the cryptocurrency. Review the current price of VRA, 24h volume, and latest crypto news before placing a new trade in the market.
3. Withdraw the funds from your trading account to your VeraWallet by entering your wallet address.
4. Head to the Stake VRA section in your VeraWallet after funding it with VRA tokens.
5. This feature lets you stake anywhere between 10,000 and 200 million $VRA.
6. Enter the number of VRA tokens you wish to stake and review the APYs and staking rewards you can earn.
7. Click on Stake to confirm your order, sit back and watch your VRA holdings in your VeraWallet grow through staking.
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