What is VIDY?
Vidy (VIDY) is a revolutionary decentralized video ad distributor that revolutionizes the way videos are integrated into web pages. Utilizing the world's first NLP (Natural Language Processing) protocol, Vidy embeds videos behind text, creating a seamless integration of video content into people's online experiences. By incorporating advanced computational techniques to analyze natural speech and language, Vidy's NLP protocol enables the creation of "Vidys" - tiny videos that contain essential information embedded behind contextual text lines.
One of the key objectives of Vidy is to address the issues associated with abusive, annoying, and ineffective advertisements. The platform achieves this by introducing a tri-layer system built on top of the Ethereum blockchain. These three decentralized layers work in harmony to revolutionize the ad distribution process.
The first layer, the Data Layer, securely tracks and stores all incoming data in an immutable Vidy ledger using smart contracts. These self-regulated contracts, written in lines of code, ensure transparent and tamper-proof data management.
The second layer, the Consensus Layer, leverages precise NLP matching to decentralize ad placement fairly and efficiently. By accurately matching ads to relevant content, Vidy ensures that users are presented with targeted advertisements that align with their interests and preferences.
The third layer, the Application Layer, serves as the consumer-facing distribution channel for video ads across the web. It seamlessly embeds video ads behind text, enabling users to access the video content by simply interacting with the associated text. Additionally, the Application Layer provides valuable feedback by sending event reports back to the Data Layer, allowing for continuous improvement in NLP placement.
Vidy's innovative blockchain-based solution also addresses various other challenges in the advertising industry. It establishes a global User Interface (UI) standard for ads, ensuring consistency and ease of use across platforms. Furthermore, Vidy's pre-loading feature eliminates slow page load times by loading video ads in the background, enhancing the overall user experience. Users are empowered to choose which ads they engage with, avoiding the intrusive nature of traditional banner ads.
To further enhance the ecosystem, Vidy introduces the One Tap Purchase Model (OTP), enabling users to make purchases, reserve tables, or arrange deliveries with just a single tap after interacting with an embedded video ad. The platform also incorporates the Detecting Bot Product, a sophisticated system that analyzes user behavior to detect and prevent bot activity, ensuring a secure and authentic user experience.
The platform's native token, VidyCoin (VIDY), operates on the ERC-20 standard and serves as the primary medium of value exchange within the ecosystem. Users who interact with embedded videos earn VidyCoin based on their hold time, incentivizing active engagement. Advertisers, on the other hand, receive VidyCoin payouts for products purchased through the OTP feature.
Patrick Colangelo, the CEO and Founder of Vidy, leads the team behind this groundbreaking project. Working alongside him is co-founder Matthew Lim. The project's whitepaper, v1.0.6, was launched on August 15, 2018, outlining the vision and technical details of the platform. The total supply of VidyCoin (VIDY) is set at 10,000,000,000 tokens.
With its innovative NLP protocol, decentralized architecture, and focus on enhancing user experience while revolutionizing digital advertising, Vidy (VIDY) aims to reshape the way video ads are distributed and consumed online. By seamlessly integrating videos into textual content, Vidy creates a win-win scenario for advertisers and users, ushering in a new era of contextual and engaging advertising experiences.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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