Vivid Labs

The VideoCoin Network is a revolutionary blockchain-based system that provides a decentralized platform for video encoding, storage, and content distribution. It enables cloud-based video services to be transformed into an efficient algorithmic market, with a native protocol token, VideoCoin (VID), to facilitate transactions. Think of it as the Uber or Airbnb of video delivery across the internet. By leveraging a global distributed cloud video infrastructure, the VideoCoin Network is set to revolutionize the video industry using blockchain technology. It offers benefits such as lower costs by utilizing idle computing resources, enabling new applications with open source-based development, disintermediating media conglomerates with peer-to-peer video distribution, and increasing privacy with end-to-end encryption.