Verasity is an open-ledger ecosystem designed to combat advertising fraud, provide open access to infrastructure for publishers and advertisers, and reward users for watching video content. It uses blockchain technology to address ad fraud and enhance the digital content creation economy through its VeraViews ad tech stack and Proof of View (PoV) technology.
Verasity operates on a proprietary high-performance blockchain, creating a transparent relationship between viewers, content creators, and advertisers. It employs a combination of off-chain and on-chain solutions for efficient video delivery and microtransactions while ensuring transparency and auditability. The key technology, Proof of View, uses AI to verify and record ad views in real-time by analysing viewer behaviour to distinguish between human and bot activity.
Verasity (VRA) has diverse use cases across several industries. Some key applications include:
Industries leveraging Verasity include esports, digital content management, advertising technology, and video entertainment. Notable partnerships, such as with Amazon Ads Partner Program and Brightcove, enhance its ecosystem.
Verasity's founding team, with considerable expertise from the media and technology sectors, identified the opportunity for a blockchain-based video platform in 2017. The project publicly launched in Q1 2018, followed by the roll-out of products like VeraPlayer and VeraWallet prototypes. Significant milestones include the integration of PoV technology, development of VeraViews, and the launch of VeraEsports. Major updates have seen Verasity expand market presence through listings on major exchanges and partnerships to broaden its ecosystem.