FAQ Vivid Labs Previously VideoCoin Network

When sending to an external destination marketplace, VIVID will export whichever assets in the NFT+ are supported by the destination. Natural Selection Tour injected full NFT capabilities seamlessly into their beautifully designed website front end using our simple-to-use NFT platform. Via the VIVID NFT Shopify app and Shopify payment rails, NST was quickly able to set up their NFTs just like any other consumer product for sale on their site. No crypto is necessary, dramatically lowering the barrier to entry for NST fans and buyers.

Can Video Tokens be used outside of the platform?

Anyone who obtains the VaID token (available on Kucoin, Bittrex, and Uniswap) can support Worker nodes through staking, and receive rewards for doing so. Vivid Labs is the producer of VIVID, the next-generation NFT publishing platform that allows anyone to create, manage, and sell advanced NFTs. Powered by the VID token, VIVID enables new use cases and business models evolving NFTs into complete media experiences. The VideoCoin Network will start integration of its decentralized video processing network with Filecoin, which has a large and low-cost storage network, to offer a platform optimized for video NFTs. The tech could be useful for folks like movie makers or video game streamers. VideoCoin is a decentralized video platform that aims to redefine the process of creating, storing and distributing video content.

• An alternative to costly cloud storage, the Filecoin network offers efficiently priced and geographically decentralized storage, minimizing financial barriers, and allowing users to take advantage of its unmatched network capabilities.
• This means that VIVID NFT+’s can be exported to marketplaces built on any of those chains, preventing lock-in.
• The main goal is to revolutionize the massive video services market by allowing users to be part of it.
• VIVID is the technology platform the industry has been waiting for to rocket the business of NFTs to the next level.
• Oh, and he’s come up with a way for content creators to pay owners of the computers they’re effectively renting that uses a new blockchain-based cryptocurrency called VideoCoin.
• And then from our standpoint, we can prove who did what so that they can be compensated for it.

Why Does the Ability to Develop Applications Matter?

The entire thing runs on the new blockchain developed by the team and uses VideoCoin (VID), the native protocol token. VIVID NFTs are stored on partner Filecoin’s NFT.Storage network, with its enormous capacity, reliability, and power to handle storage on a massive scale. This ensures that NFTs minted using the VIVID platform will have robust resiliency and longevity, unlike many NFTs currently being minted on other platforms. VIVID NFTs won’t break or vanish if the marketplace or provider disappears or shuts down. VIVID creates NFTs from any type of media, including JPEGS, video, audio and more. Its advanced decentralized video processing infrastructure handles the complex tasks of video encoding and transcoding, and cost-effectively processes video of any length and format – from TikTok videos to feature-length movies.

VideoCoin raises $35M for blockchain to rival Amazon video

VIVID removes the complexity and risk from NFT marketplaces by streamlining the basic minting of NFTs and storing them using our unique cryptographic methodology on partner NFT.Storage/IPFS/Filecoin’s robust, massively distributed storage network. This ensures the security and resiliency of NFTs minted using the VIVID platform, unlike many other NFT platforms whose tokens and underlying assets are both subject to loss or breakage using ordinary methods on often-proprietary storage platforms. Filecoin, the world’s largest decentralized network, allows users to store, request, and transfer data via a verifiable marketplace with the goal of providing a robust foundation to store the world’s most valuable data sets. An alternative to costly cloud storage, the Filecoin network offers efficiently priced and geographically decentralized storage, minimizing financial barriers, and allowing users to take advantage of its unmatched network capabilities. VideoCoin was already building its decentralized video network as a way to bring the costs of video distribution, and it needs Filecoin for the low-cost storage, said Live Planet CEO Halsey Minor.

VIVID is the technology platform the industry has been waiting for to rocket the business of NFTs to the next level. Every NFT minted on the VIVID platform gets up to 32GB of free storage on the Filecoin Network. Capture the vibrant ongoing life of the music, updating the NFT with media from performances, the tour, studio sessions, and beyond. Fiat ramps act as the critical spark igniting the wildfire of mass digital https://www.tokenexus.com/ currency adoption, aiding the conversion of conventional, government-backed fiat into high-profile cryptocurrencies like Bitcoin and Ethereum, and vice versa. For more than a year, the entrepreneurs had been searching for the best location. After Hurricane Maria decimated Puerto Rico’s infrastructure in September and the price of cryptocurrencies began to soar, they saw an opportunity and felt a sense of urgency.

• The VideoCoin Network is a decentralized system for distributing, encoding, and storing content.
• Learn how Vivid Labs’ integration with Filecoin’s robust worldwide decentralized storage network ensures your NFTs will never vanish.
• The VID token is an ERC-20 utility token using proof-of-stake optimization to determine which workers on the platform perform the work.
• We reimagine NFTs as storytelling media, capable of weaving multiple elements into a compelling and ongoing narrative over time.
• NFT+ enables several unique advanced features, transforming ordinary NFTs into rich, programmable multimedia experiences.

And, the tracks would not be tied together in any way – each track would exist as an individual and independent NFT. But with NFT+, the artist can combine all the tracks into a single NFT, and also add cover art, liner notes, photos, “in the studio” videos, and more, to enhance the experience and its value. This is something that simply cannot be done with ordinary NFTs on any other platform. VIVID makes how to buy videocoin this complex process easy through the unique multi-format/multi-asset property of NFT+. Create vibrant, updateable NFT experiences combining multiple media assets of any type. Filecoin is the world’s largest distributed blockchain storage network and ideally suited for the Video NFT platform; the project recently announced it had exceeded 2.5 billion GBs of storage capacity through its global community.

APR 13 NFT Evening

VIVID is a next-generation NFT publishing platform that allows anyone to create, manage, and sell advanced NFTs. Many of the advantages of VideoCoin over existing video service providers are due to its leverage of the blockchain, which it does in several ways. Both encoding and storage are done via the blockchain, as these tasks get submitted to the network along with parameters for encoder configuration. Miners compete against each other to win bids and deliver the storage space or compute power. Using the CDN configuration parameters, distribution and retrieval tasks get submitted to the network. Miners compete to win bids for retrieving videos from the storage miners and then distribute that video to end-consumers, as with a CDN.

Case Study:Empowering a New Kind of Music Experience

The main goal is to revolutionize the massive video services market by allowing users to be part of it. The VideoCoin token is an important part of the ecosystem and is its native protocol token. Storage miners can earn VideoCoin tokens by storing videos, and they receive better rewards by pledging more storage. Distribution miners earn tokens by delivering videos, and the more bandwidth they offer, the better their rewards.

• Vivid Labs is the producer of VIVID, the next-generation NFT publishing platform that allows anyone to create, manage, and sell advanced NFTs.
• Anyone who obtains the VaID token (available on Kucoin, Bittrex, and Uniswap) can support Worker nodes through staking, and receive rewards for doing so.
• It takes existing cloud-based video services and turns them into an efficient algorithmic market.
• The VIVID platform makes it easy for anyone to rapidly create an NFT marketplace with all the core capabilities of NFTs.
• As mentioned, developers will be able to create applications thanks to VideoCoin’s open-source nature and APIs.
• Many of the advantages of VideoCoin over existing video service providers are due to its leverage of the blockchain, which it does in several ways.

Natural Selection Tour x Vivid Labs:Trailblazing NFT experience for action sports

NFTs gained enormous traction in 2021, merging the digital art market with blockchain technology. Since early in the year, NFTs have taken hold in numerous other industries, led by gaming, sports, and music, but rapidly exploding into virtually every commercial sector. It’s clear that NFTs are headed towards mainstream adoption, with people ranging from famous artists to celebrities, to retail brands large and small, to small-scale creators promoting and utilizing this technology on a massive scale. Today, NFTs allow musicians to experiment with novel ways to create, fund, and release music – but they fall short of the full album experience. Our NFT+ features allow artists to recreate that complete experience and more, combining multiple pieces of media such as album art, audio tracks, lyrics, liner notes, photos, and music videos clips in a single NFT. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 845 exchanges.