What is Verasity crypto & why has VRA token’s volume rocketed 250%?

3 min read | January 21, 2022 08:46 AM PST | By Manu Shankar

Google News:

What is Verasity crypto & why has VRA token’s volume rocketed 250%? — Image source: © Jntvisual | Megapixl

Recent News

The Quiet Market Rotation Gaining Fresh Attention

Nuclear Utility Stocks Gain Focus As AI Power Demand Expands

Utility Stocks Face AI Power Demand & Rising Rate Pressure

Software Stocks Split As CrowdStrike Drops and AI Names Rise

Make Kalkine Media
My Trusted Source

Highlights

Launched in 2018, Verasity (VRA) is considered to be an extended version of the gaming blockchain system, aimed at creating a fair system which not only allows developers to earn but also offers a unique opportunity to advertisers to gain value over ad spend.

Founded by a group of professionals from the video and media industry, it is led by Mark R.J. and aims to increase engagement and eliminate ad fraud.

Ranked 374, the VRA token was trading at US$0.025695 with a 24-hour trading volume of US$85,452,246.

Launched in 2018, Verasity (VRA) is a next-gen of video-sharing protocol, aimed at creating a fair system which not only allows the developers to earn but also offers a unique opportunity to advertisers to gain value over ad spend. Founded by a group of professionals from the video and media industry it is led by Mark R.J. and aims to increase engagement and eliminate ad fraud.

Powered by the Ethereum blockchain, the VRA token offers the users a patented Proof-of-View system which aims to resolve issues pertaining to video advertising and NFT fraud. The VRA token was making noise on Friday following its Huobi listing on 21 January.

Also read: Is LOKA the fastest growing blockchain-based game?

Huobi lists VRA token

Huobi opened VRA spot trading (VRA/USDT) from 5:00 UTC on the condition that its deposit volume meets the demand of market trading. Although the trading will begin on Friday, withdrawals will only start from 22 January 13:00 (UTC).

However, despite the announcement, it did little good to market sentiment as it was down by 8%. But while the price was down, there was movement in the volume, which was up 250% in the past 24 hours.

VRA is expected to boost the esports industry and online gaming community by offering a reliable Proof-of-View security functionality along with its video entertainment platform VeraPlayer.

Also read: UK’s FCA eyes crypto ad regulation, denounces ‘refer-a-friend' offers

How is VRA faring?

Ranked 374 as per CoinMarketCap, the VRA token was trading at US$0.025695 with a 24-hour trading volume of US$85,452,246. At the time of drafting, Verasity was down by 4.86% over a day with a live market cap of US$114,863,007 and 4,470,185,346 VRA coins in circulation.

Verasity might prove a solution for esports fans and could act as a bridge between them and the crypto industry, boosting revenue for esports advertisers and enthusiasts. How well the token performs remains to be seen, and ever-looming is the hyper volatility of the crypto space.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.