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Why is the VRA coin rising in 2023?

Robyn Abrahams

News Writer

Jan 24, 2023 at 07:05

What is VRA, and what is its price?

Verasity, or VRA, is a decentralized cryptocurrency platform that utilizes smart contracts to host dApps and facilitate value transactions. It was created in 2016 as a fork of Ethereum Classic (ETC) following a disagreement within the Ethereum community over the principle of immutability. Unlike Ethereum Classic, which maintains its original blockchain and technical roadmap, VRA has undergone changes and forks to improve its network security and functionality.

VRA utilizes a Proof-of-Work consensus mechanism, in which miners validate transactions by solving complex puzzles and producing blocks. Its decentralized governance structure allows for a community-driven approach to decision-making and development, enabling the creation of new cryptocurrency tokens and dApps on its blockchain network.

What sets VRA apart from other blockchain-based platforms is its unique patented Proof of View system, which aims to solve the problems of video advertising and NFT fraud. Verasity’s product lines range across multiple industries, but all are built with the Proof of View platform as their backbone. It also offers a VeraWallet on its blockchain network, where the VRA token is used as the main currency for participating in the online video economy and gaming. Overall, VRA offers a secure and versatile platform for decentralized transactions and applications, with a strong commitment to community-driven decision-making and development.

How does Verasity (VRA) work?

Verasity, or VRA, is a blockchain-based protocol and product layer platform for esports, video entertainment, and digital content management. Its products include a proprietary ad stack, the VRA rewards system, and patented Proof of View technology. The VRA rewards system has been integrated into SDKs for YouTube, Twitch, Vimeo, and all major video platforms. Proof of View uses blockchain-powered AI, transparency, and immutability to defeat online ad fraud.

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Proof of View ensures that every view captured on the ledger is authentic, providing stakeholders within the video ad space with a trusted, single source of truth for capturing verified human views in real time. Verasity helps to power the rapidly growing esports industry and gaming community by offering reliable server infrastructure, Proof of View security functionality, and the VeraPlayer — a product layer platform for video entertainment.

On November 8th, Verasity announced that its Esports Fight Club (EFC) platform was rebranded to VeraEsports, representing the company’s updated vision for its technology. This expanded vision includes a new offering known as “Watch & Earn” — which allows users to stream content, earn, and compete on the VeraEsports website, while advertisers still benefit from Verasity’s Proof of View technology. With this solution, Verasity looks to provide a bridge to bring esports fans into the crypto industry, while boosting revenue for esports advertisers and enthusiasts.

VeraEsports offers access to streams from some of the biggest names in gaming, with tournaments hosted by the likes of Valorant, Riot Games, and Axie Infinity. It has also teased an upcoming NFT marketplace with both in and out of game content for its users. Verasity has also expanded its Proof of View patent to include NFTs, providing marketplaces and buyers the ability to verify the authenticity and accuracy of NFTs, ensuring that those minting or selling the NFT are who they say they are, and the NFT is what it claims to be. Overall, Verasity aims to create a secure and reliable ecosystem for esports, video entertainment, and digital content management through its patented Proof of View technology and VRA rewards system.

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VRA price prediction for 2023

“The experts hold a mostly positive view of Verasity with those price predictions. Investors will note that the crypto is trading for $0.00444 as of Wednesday morning. Also, that comes after a 20.4% increase over the prior 24-hour period. “ — William White, writer for http://InvestorPlace.com

As of January 18, 2023, VRA is currently trading at $0.00442, and according to our data, the asset has been on a downward trend for the past year. Verasity has been showing a decline, and it appears that similar market segments have not been very popular during this period.

We consult numerous sites that employ deep learning algorithms to predict the future valuation of crypto tokens like VRA to determine if it will be a good addition to their portfolio in the future. The algorithms take into account various factors such as volume changes, price changes, market cycles, and similar coins.

According to our predictions, the future price of VRA is expected to reach $0.028570733085836 (546.397%) in a year. This means that if you invested $100 now, your investment could potentially be worth $646.397 on January 18, 2024.

In summary, Verasity (VRA) could be a good addition to your portfolio, as investing in bullish markets is always easier. However, it is always recommended to do your own research and make investment decisions based on your own risk tolerance and financial situation.

The price for Verasity in December 2023 can range between $0.005 and $0.006. While the average trading price should be around $0.005.” – Price Prediction team

Where to buy VRA tokens?

How to buy VRA tokens?

  1.   Create a Coinbase account

Create an account on the Coinbase crypto exchange, and then complete your KYC registration successfully.

 

  1.   Securely store your recovery phrase

It is important to store your recovery phrase in various places. Be careful when storing your phrase online, where hackers can steal your details.

  1.   Buy and transfer ETH to Coinbase wallet

Ethereum (ETH) is one of the most popular crypto pairs for VRA (Verosity)

 

  1.   Use your ETH to buy Verasity in the trade tab

You can swap ETH for VRA through the asset tab and then select VRA as your asset. This can be done as soon as you’ve added your ETH from your wallet to Coinbase.

Latest VRA news

The Verasity (VRA) team is excited to share that their staking program has been extended for another year until March 31, 2023! The daily reward rate will now be 0.05% per day, equating to 18.25% per annum, and will be effective starting April 1, 2022. The minimum amount of VRA required to stake remains at 10,000 VRA, and there are no changes to the staking terms.

For those looking to withdraw their VRA, the minimum amount remains at 5,000 VRA and the fee for withdrawals remains unchanged at 700 VRA. The team will continue to monitor Ethereum network costs and will update the community if the withdrawal fee needs to be adjusted.

For current stakers, there is no need to do anything, as your VRA tokens will remain staked and begin accruing rewards at the new rate starting April 1, 2022. No action is required on your part and there will be no need to restake your VRA.

VeraViews announced a partnership with @NewDigitalAge1’s NDA Heroes Away for 2023. This award was created to recognize the most innovative media agencies, publishers, and tech providers in the UK.

The National Digital Awards (NDA) has announced the launch of the NDA Heroes 2023, an awards program that recognizes and celebrates outstanding individuals in the digital media and marketing industry. The awards will recognize those who have made a significant impact on their clients, companies, colleagues, and the industry.

The program will consist of eight categories and one overall prize, with two winners in each of the four sectors covered by the NDA: AdTech, Agencies, Brands, and Publishers. The categories are designed to recognize and reward collaboration, partnership, and innovation within the industry.

A panel of industry experts will create a shortlist in each category from all the nominations received, and a public vote will decide the winners. NDA Editor Justin Pearse stated that the awards aim to reflect the editorial ethos of the NDA by highlighting the people who power the industry.

The NDA Heroes 2023 allows the industry to unite and recognize the hardworking individuals who drive it forward. The awards program is open to all industry professionals, and nominations can be submitted through the NDA website.

 

 

How can I make money on this?

There are two primary ways to earn money with Verasity. The first is through the Watch2Earn model. Verasity, or VRA, offers a unique way to earn cryptocurrency by simply watching content on its platform. The company partners with top publishers, content creators, and live streamers to offer VRA rewards for watching videos on their sites. Here’s how it works:

          Watch videos from your favorite creators on Verasity’s platform.

          When you see the trophy turn green, click on it to claim your reward.

          Create a Rewards Wallet account in just a couple of clicks.

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          The VRA earned by viewing videos is paid out immediately to your Rewards Wallet.

This is a great way for content creators and publishers to monetize their content and for viewers to earn cryptocurrency for doing something they already enjoy. It’s a win-win for everyone. With Verasity’s platform, earning VRA is as easy as watching videos from your favorite creators.

The second method that the Verasity platform has for its users to earn money with VRA is through Staking.

Staking rewards are a way for holders of VRA tokens to earn additional tokens by depositing a portion of their tokens into a staking smart contract. The yield, or return, on staking, is often given as a percentage. The number of rewards a user earns is based on their “stake,” which is the portion of tokens they control or own relative to the total number of tokens staked.

For example, suppose Elon and Jeffery both own VRA tokens, and there are 100 tokens in the staking smart contract. In that case, Elon stakes 10 tokens, and Jeffery stakes 1 token. Elon will get 10 times more rewards than Jeffery, despite the stable percentage return. The staking rewards will often accumulate in a user’s wallet and be added to their staking balance, similar to compound interest in traditional markets. This incentivizes long-term participation in the staking ecosystem, making it a worthwhile option for those who plan to hold onto their tokens for a long period of time.

All information provided on this website is for educational and informational purposes only. Please consult with our Disclaimer.

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