VideoCoin and Filecoin will power video NFT marketplace

What is VideoCoin

VideoCoin uses blockchain technology to ensure security and transparency of transactions. Creators of VIVID, the next generation NFT publishing platform that allows anyone to create, manage, and sell multimedia NFTs. We live in a world of high resolutions and billions of colors. So large that they need to be compressed, encoded, stored in bits, delivered in bits, decompressed, reassembled, and finally burnished back to that highest quality. These words may seem flashy but there is a compelling reason why we at VideoCoin believe these words and our expertise in video will shape the future of digital media. Of the total 882 million tokens, 12 percent, or 106 million, were allocated for the presale.

  • And that is why we think video NFTs are worthy of being done right.
  • VideoCoin is valuable because it is a digital currency that uses blockchain technology.
  • The Network will feature in-depth and engaging VR programming from top blockchain industry influencers such as theBad Crypto Podcast, Crypto Trader, Boxmining, BLOCKTV, and us.
  • We want to tell you how the news matters to you — not just as a decision-maker at a game studio, but also as a fan of games.
  • CoinCarp(CC) provides Crypto Price Tracking, Exchange Ranking, Crypto Wallet Ranking, Crypto Data Analysis, and Crypto News & Information.

Finally, you will need to add each of the copied URLs into your account’s “Uploads” section. You can do this by clicking on the “Add Video” button next to each of the URLs and entering the What is VideoCoin required information into the fields provided. It validates our approach and our tech and places us in conversation with one of the most successful and respected projects in the market.

Can I use my hardware wallet for staking VideoCoin ?

I am also an active member of the blockchain community, and I am passionate about building innovative technology solutions that can improve people’s lives. That means anyone can take what we started and add to and innovate however their imagination develops. We can’t wait to see how media companies, advertisers, brands, agencies, social media, and so on innovate the space. They can incorporate our solution into their existing platforms or be inspired to build entirely new applications using our set of tools — all powered by and running through our network. About six months ago, as NFTs began to go mainstream, Minor’s team launched the NFT video project. The NFT video marketplace will be available sometime in the future, Minor said.

Video NFTs can be just as artful as JPEGs and GIFs and just as collectible. But video NFTs also have great potential beyond just being collectible. Imagine if we could ascribe creative authorship to a TikTok meme. Imagine empowering news organizations to attack deep fakes by creating immutable records of historical fact. Imagine video NFTs becoming evidence in legal disputes from insurance to home invasions. Imagine minting moments from your own life to be authenticated, exchanged, and passed on to friends and generations of family members.

Everybody Wants to Get Into the NFT Act!

Because of this, the full lifetime supply (881.94 million tokens) will not be reached for several decades. Eventually, block rewards will be very scarce, only impacting the Verifier Pool, which will always remain incentivized via transaction and wattage fees. They represent the so-called cold wallets, meaning they operate offline – unless a payment needs to be made. Hardware wallets store your private keys on a storage medium, and usually connect to a computer via USB to make a payment transaction, after entering a pin.

What is VideoCoin

Once the world understands what we have here, we believe the next generation of anything-you-want-to-do-with-video will be built on the VideoCoin Network. And that is why we think video NFTs are worthy of being done right. Minor said the company will use its own native blockchain that won’t be as expensive as trying to encode videos onto the Ethereum blockchain. But the VideoCoin blockchain will have a gateway to Ethereum. In the past few months, NFTs have exploded in other applications such as art, sports collectibles, and music.

What is the price of Vivid Labs (VID) token?

The VideoCoin Network is a decentralized system for distributing, encoding, and storing content. It takes existing cloud-based video services and turns them into an efficient algorithmic market. The entire thing runs on the new blockchain developed by the team and uses VideoCoin (VID), the native protocol token. VideoCoin is a new cryptocurrency that uses blockchain technology to create a secure and transparent online marketplace for video content. The VideoCoin blockchain allows users to buy, sell, and trade videos with each other without the need for a third party. It depends on your personal risk tolerance and investment goals.

  • The team expects the costs to drop somewhere between 50 and 80 percent by taking advantage of previously unused compute resources.
  • Over the past three months, we’ve watched as non-fungible tokens (NFTs) have reimagined the value of digital imagery.
  • The VideoCoin Network is a decentralized system for distributing, encoding, and storing content.
  • The best desktop VideoCoin wallets are Bitcoin Knots, New Power Coin Wallet, Ledger Stax.
  • And he expects there will be further applications beyond celebrity videos.

Once you have found some videos to upload, you will need to copy the URL of each video into your videoCoin wallet. You can do this by clicking on the “Copy Video URL” button in your videoCoin wallet and pasting the relevant information into the text field provided. Next, you will need to find some videos to upload to your account. You can do this by searching for videos on YouTube or by using the built-in search function in your videoCoin wallet.

Halsey Minor’s VideoCoin is Coming for a $30 Billion Industry

Powered by a large-scale, distributed cloud video infrastructure, the VideoCoin Network will usher in “the new cloud” by marshaling computing resources from around the world to revolutionize video with blockchain technology. We are revolutionizing the massive video services market and we want you to be part of it. VideoCoin aims to enhance the way that users experience, store, and process videos. As a decentralized video platform, VideoCoin makes improvements over traditional video platforms by leveraging blockchain technology. The presale has already ended, and tokens will be distributed soon, with the product launch next year.

CoinCarp does not currently have price data for Vivid Labs as it has yet to be listed on any cryptocurrency exchanges (CEX or DEX). Once Vivid Labs is live on an exchange, CoinCarp will provide real-time Vivid Labs (VID) token prices from different exchanges. VideoCoin has a unique blockchain technology that allows users to share videos, earn rewards, and vote on content. This system will help to ensure that the best videos are shared and promoted, which will lead to increased viewership and adoption of VideoCoin. VideoCoin is a new cryptocurrency that aims to revolutionize the video sharing and streaming industry.

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