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US Intellectual Property Office Grants Full Patent Approval for Rewarded Video by Verasity

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.London, United Kingdom, 23rd November, 2022, ChainwireVerasity, an open-ledger ecosystem designed to provide rewarded video services and prevent advertising fraud, announced today that it has received full patent approval for its rewarded video system and method in the United States (with international priority).

The patent approval represents Verasity’s most significant milestone in protecting and licensing its rewarded video technology to date.Rewarded video is any type of incentivised viewing that provides rewards to users for watching a video.

The rewarded video format is particularly popular in mobile gaming, where users may receive in-game credits, items, currency, or even traditional cash as a reward for watching video content or ads displayed within an app.

All of these types of rewarded video would now fall under Verasity’s patent, entitled ‘System and Method for Reward Video Viewing’, and for which license fees will be due.Within the Verasity ecosystem, rewarded video is made available through a feature named Watch & Earn.

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