Non-fungible tokens (NFTs) are digital assets that represent objects such as works of art, collectibles, and in-game items. They are traded online, usually in cryptocurrency, and are usually encrypted in smart contracts on the blockchain. Public interest in NFTs soared in 2021 when their market posted record sales, but little was known about the overall structure and development of their market. As of October 15, 2021, the aggregated number of sales over 30 days reached approximately 73 thousand. As of that period, over 38 thousand sales came from the primary market.

Non-fungible tokens (NFTs) have impacted the art world and the novelty they represent to the majority of the public. This revolution is not limited to the art market. Although the introduction of NFT in games has reached a certain level of maturity, for example in the transaction of in-game items, other various industries, particularly those involving the production of digital content such as music or videos, are experimenting with this technology.

In this article, we’re going to explore the features and differences between Verasity and Dvision Network

Verasity

Verasity is a protocol and product layer platform for esports and video entertainment. This unique position in games, videos, advertising and blockchain makes Verasity difficult to compare with other projects.

Verasity is a leading provider of award-winning video player technology to leading publishers around the world. The patent-pending video player can activate Tokenized Rewards (VRA) and loyalty programs in the video player wallet. Now available to more than 2 million video publishers with 550 million users and 110 billion monthly page views, this unique technology brings engagement and revenue to the publisher’s website. Verasity’s attention-based model is creating a thriving VRA economy among viewers, video publishers, and advertisers.

How Does Verasity (VRA) work?

1: Buyers buy VRA: Game developers, influencers, publishers/sponsors buy VRA with credit cards/exchanges to fund their tournaments or campaigns that build valuable audiences and monetize significantly.

2: Editors’ Reward VRA: To reach and engage potential users in tournaments, playing games or watching videos – sponsors, game developers and publishers buy VRA to reward their users.

3: Users earn VRA: Influencers, players and viewers can earn VRA from their activities.

4: Truthfulness wins: Verasity earns a percentage of all activities: Tournaments, Campaigns, Announcements and Sponsorships.

5: VRA stake: VRA holders wager their VRA for daily rewards. The VRA Staking program encourages the economy to maintain VRA.

Verasity Features

• VRA Rewards – Product Layer

• Proprietary Video Player – Product Layer

• Proprietary Adstack – Product Layer

• Proof of View (Patent Allowed 16/023,354) – Protocol Layer

• PoV is the only Protocol Layer patented technology for the blockchain

• VeraWallet – Product Layer Payment System

Dvision Network

Dvision Network is essentially a blockchain-based VR content ecosystem and also supports the NFT market in its virtual reality. Dvision Network shows a new virtual reality world in which people can lead prosperous lives at the centre of the fourth industrial revolution based on ICT.

Dvision has 3 important platform pillars, which can simply be explained as NFT-Market (VR-Market), where you can also create and trade unique items; a Tailored Virtual Reality (VR-Space) where you can customize and acquire virtual space; and a Collection of VR-Spaces (VR-City), where you can enjoy the metaverse with other users.

Dvision Network Features

• Play To Earn: Combat Mode and LAND Purification Process

• New NFT Use-Cases: PET, LAND, AVATAR and ITEMs

• Updated Tokenomics: Governance, Utility, Staking.

• DVG: newly added in-game reward currency (non-token)

• DAO: upgraded governance system

Differences Between Verasity and Dvision Network

Verasity is based on Proof-of-View technology is designed to securely, accurately and publicly verify audience metrics, while almost totally eliminating the possibility of generating fake views by bots/click farms.

Verasity provides programmatic pre-roll ad inventory for advertisers looking to reach engaged audiences across its global network. It also offers custom rewards and points that can be set by the publisher and does not include cryptocurrency.

While the Dvision network is based on Proof-of-Authority (PoA), a unique consensus mechanism that reduces power consumption

Dvision has also collaborated with top blockchain network including Ethereum, Binance Smart Chain, Efinity, Enjin’s carbon-negative JumpNet network, TribeOne and Alpaca Finance to integrate NFTs and lending features within its metaverse.