U.S. Intellectual Property Office Grants Full Patent Approval for Verasity Award-Winning Video

U.S. Intellectual Property Office Grants Full Patent Approval for Verasity Award-Winning Video

[PRESS RELEASE – London, United Kingdom, 23rd November 2022]

Verasity, an open-ledger ecosystem designed to deliver award-winning video services and prevent ad fraud, today announced that it has received full patent approval for its award-winning video system and method in the United States (with international priority ). The patent approval represents Verasity’s most important step in protecting and licensing its award-winning video technology to date.

Rewarded video is any type of incentivized viewing that offers rewards to users for watching a video. The rewarded video format is especially popular in mobile games, where users can receive game credits, items, currencies, or even traditional money as rewards for watching video content or advertisements displayed within an app. All of these types of rewarded videos would now fall under Verasity’s patent, titled “System and Method for Viewing Rewarded Videos”, and for which licensing fees will be due.

Within the Verasity ecosystem, the award-winning video is made available through a feature called Watch & Earn. Consisting of a rewarded viewing video distribution module and a video player, Watch & Earn can present video content to a user and provide the viewer with market credit based on the value of the video or advertisement that they receive. ‘he is watching.

However, the patent granted to Verasity more broadly covers any video in any digital format for which a reward is granted to the viewer, opening up a host of new business and licensing opportunities.

Highlighting the importance of the patent, RJ Mark, Founder and CEO of Verasity, says:

“Awarded video is a huge and growing market. This patent is the culmination of years of hard work by the Verasity team to secure an internationally recognized patent for the awarded video market. This patent covers all forms video where a user receives any type of reward for watching a video on a digital platform.

The award-winning video has already been deployed by leading game companies such as Blizzard Activision, and major video platforms such as YouTube, which may now infringe our patent. As Verasity has obtained the US patent for all forms of rewarded video, we intend to use this patent to its full effect, pursuing licensing opportunities for all platforms offering rewards to video viewers, which are now protected by our patent. Revenue generated from these license agreements will be used for VRA buybacks. »

The awarded patent application can be viewed here. Verasity will now seek opportunities to license its award-winning video technology and ensure that its intellectual property is protected under this patent for all forms of award-winning video.

About the truth

Verasity is an open registry ecosystem designed to fight ad fraud, provide open access to infrastructure for publishers and advertisers, and reward users for watching video content. With product verticals in the advertising, esports, and video player industries, Verasity connects its ecosystem to its patented blockchain-based “Proof of View” technology. The $VRA token, which is used to fund ad campaigns, stake through VeraWallet, and distribute Watch & Earn rewards, is at the heart of the Verasity ecosystem as a single utility token with a multitude of applications. Learn more about Verasity at www.verasity.io

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