Home » Crypto » What is Vivid Labs (VID) coin and how does it work?

What is Vivid Labs (VID) coin and how does it work?

by Financial Economy

Vivid Labs (VID) is a Blockchain platform that enables the creation and management of multimedia NFT tokens. In this article, we tried to answer the questions asked by investors such as what is Vivid Labs (VID) coin, how it works, what is it for, how to get it. You can browse here for information about Blocery (BLY) coin.

What is Vivid Labs (VID) coin and how does it work?

VideoCoin, a full-service NFT technology and strategy provider, rebranded as Vivid Labs in 2021. The new brand identity is related to Vivid Labs’ mission to be at the forefront of NFT innovation. The blockchain project aims to drive wider adoption of NFTs as a media format. For this, it creates a special asset class called “NFT 2.0”. Users gain access to many unique features by creating and using these NFTs.

How does VID token work?

Vivid Labs allows anyone to create, manage and sell advanced NFTs. Powered by the VID token, the project provides new use cases and business models that transform NFTs into complete media experiences. The platform transforms simple NFTs into multi-format, multi-asset, updateable and programmable multimedia experiences. It does this with a set of tools it calls NFT+. Additionally, NFT+ bridges NFT markets for the NFT industry.

Vivid Labs features!

After the brand change, Vivid Labs launched two separate platforms. These were: VIVID Open and VIVID PRO. VIVID Open is an open source solution that allows developers to quickly and easily set up their own NFT marketplace with video. PRO enables NFT+ applications with a wide range of features for businesses. Both versions integrate with NFT.Storage powered by IPFS and Filecoin for secure asset storage. In addition to the two platforms, users can also publish their NFTs in Shopify stores with the “NFT for Shopify” tool.

How to use VID coin?

VID is the native cryptocurrency of the Vivid Labs platform. This Ethereum-based cryptocurrency works via the ERC-20 smart contract. The blockchain platform enables all businesses to print and sell advanced multimedia NFTs. It also allows developers to create NFT marketplaces compatible with all major blockchains. It offers a decentralized SaaS solution for this. The VID token can be used for payments such as gas fees at this point. In addition, users can earn income by staking this cryptocurrency.

Which exchange is VID coin on?

Vivid Labs coin is listed on some cryptocurrency exchanges such as KuCoin, etc.

How to buy VID coins?

Vivid Labs coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

VID token supply!

Total supply of Vivid Labs coin is 265.000.000 units.

VID token price!

As of December 26, 2022, at the time of the writing, 1 Vivid Labs token price is around $0.01236 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

Related Posts

Leave a Comment