The online video sharing ecosystem has come to be one of the most prevailing things of our time and something with a lot of significance,a lot of information is been shared through online videos on online video platforms every day and people get to learn tons of things from it.
This was a very good initiative until the advent of advertisement on these videos where content creators have no option than to host advertisements on their videos to make money out of it in exchange for their time and money spent to make these videos that contain information.
In the same vein,viewers are forced to watch these advertisements in order to access videos by content creators and unfairly enough,even the content creators go home with just a little fraction of the money realised from advertisement and majority of the money goes to the owners of the video platforms.
This method is not sustainable as existing content creators will get fed up as time goes on due to low income and infant video creators don't even stand a chance at all to earn a substantial amount of money where as the advertisers do not get the right attention required because viewers are not properly motivated to view videos and advertisements.
That is why VERASITY has come to liberate video content creators and make sure that viewers, advertisers and everyone else in the video sharing ecosystem is fairly compensated and can all positively interact and benefit from the video sharing ecosystem.
WHAT EXACTLY IS VERASITY
VERASITY is a next generation video sharing platform that is using the power of the blockchain technology to strategically liberate video content creators and create a fair and self sustainable video sharing ecosystem.
HOW DOES VERASITY WORK
There are various mechanisms the verasity platform utilises to enable its successful and amazing existence,all participants in its existence can select which lane they wish to follow to interact in the verasity ecosystem,these include:
FREE TO VIEW AND OPTIONAL DONATION MECHANISM
In this model,the video content creator creates his/her channel and hosts his content on it and all users in the verasity ecosystem.Also he can enable the donation feature which establishes that viewers can decide to willingly donate some VERA(verasity main token) directly to the video content creator if they love his/her video and wish to show appreciation for the creators effort.
The bigger picture in this model is that individuals all around the world with outstanding talents will be delighted to showcase their talents through verasity and get compensated for it by users worldwide.
In the same vein,individuals who have something viable to offer such as practical video tutorials and how to videos will be encouraged to do so and get handsome donations in return.
PAY PER VIEW
In this model,video content creators can easily monetise their content by directly charging users for their content for a one time view of the video,viewers have to pay a certain amount of VERA to the content creators to make such contents available for watch.
MONTHLY SUBSCRIPTION
This simplifies the pay per view mechanism for viewers,instead of paying for a certain content everyday,this model enables users to pay for a month at once at a preferably discounted price or as specified by the content creator/channel owner.
ADVERTISING (AVOD)
This model makes a lot of sense and is a major upgrade for the old video sharing system,on verasity,creators can create videos as usual and host advertisements on the videos,viewers who intend to view the videos can easily select whether they want to watch the ads and get paid for it or not watch the ads and enjoy the video but won't get paid anyway.
SPARK MARKETPLACE MODEL
This is the investment model in the verasity ecosystem, verasity incentively recognises the impact of investors in its ecosystem,not every individual is interested in creating and viewing online videos, some individuals rather prefer to invest their money and use it to make more money.
Investors who decide to invest their money into verasity through verasparks(proof of ownership in a channel) will get dividends in form of VERA from the total amount of VERA generated by the veraspark channel they invest into.
Here is how verasparks and spark marketplace work
Individuals who intend to start their online video sharing adventure but don't have enough funds to launch their business can introduce investors to invest in them through the purchase of verasparks(smart contracts on verasity) and in turn, the investors get VERA later on based on the amount of verasparks they own in the channel.
Additionally both the investors and channel creators can earn even more money due to the fact that value is tied to verasparks and its a utility token of its own,inflation might occur on the verasparks that they own and hold
Conclusion
VERASITY is a world changing platform not only for the online video sharing industry but also a technology that will revolutionise the online space.
For more details and information,you can refer to these relevant links
Website - https://verasity.io/
Medium - https://medium.com/@verasity
Reddit - https://www.reddit.com/r/Verasity/
Bitcointalk - https://bitcointalk.org/index.php?topic=3208145.0
Steemit - https://steemit.com/@verasitytech
Facebook - https://www.facebook.com/verasitytech
YouTube - https://youtube.com/channel/UCKtqeA8hvWYeTfuyjFJTNww
Twitter - https://twitter.com/verasitytech
LinkedIn - https://www.linkedin.com/company/verasity/
Whitepaper - https://verasity.io/documents/verasity_whitepaper_eng.pdf
Token sale proposal - https://verasity.io/documents/verasity_token_sale_proposal.pdf