Price
$0.0161
12/3/2022, 7:26:25 PM
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Market

Market stats

Market cap

$2.7M

Volume (24h)

$65,971.65

Circulating supply

166.1M VID

All time high

$25.2M

Price change (1h)

-0.05%

Price change (24h)

-0.45%

Price change (7d)

+1.85%

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Vivid Labs is on the rise this week.

The price of Vivid Labs has risen by 1.85% in the past 7 days. The price declined by 0.45% in the last 24 hours. In just the past hour, the price shrunk by 0.05%. The current price is $0.0161 per VID. Vivid Labs is 100.00% below the all time high of $25,164,938.12.

The current circulating supply is 166,087,301.319 VID.

About

What Is VideoCoin (VID)?

VideoCoin, currently known as Vivid Labs, is a blockchain-based decentralized platform that offers cloud video infrastructure like video encoding, storage, and content delivery network (CDN) services. Cloud video infrastructure refers to the video services provided through the cloud computing model, which is based on delivering different services through the internet. CDN is a collection of networks distributed geographically that provides fast content delivery services. The VideoCoin network also enables brands, retailers, and content creators to mint and sell NFTs.

VideoCoin constitutes the majority percentage of internet data, and it is a catalyst for innovation on the internet. The platform aims to integrate video and decentralized networks to accelerate the next generation of video applications.

The whitepaper of VideoCoin states that the team seeks to establish a class of video miners who can compete with other miners and earn rewards. Such rewards may be earned by providing disk space for video storage, internet bandwidth for content services, and a graphics processing unit (GPU), a specialized processor for enhancing graphics for video encoding.

The team of VideoCoin aims to integrate the VideoCoin network with Public Mint, a blockchain platform that enables users to pay or send money to anyone instantly. This enables the users of the VideoCoin network to pay by credit card, wire, and Automated Clearing house (ACH). (ACH is a network for transactions and payments.)

VideoCoin is updated as Vivid Labs, encrypted with a private key that makes the network more resilient. The official website of Vivid Labs states that the network enables the users to create NFTs from any media format like MP4 videos, 3D objects, MP3, and JPEG. The network is also updateable, which indicates that more media can be updated to the NFTs even after they are sold or minted.

VID is the native ERC-20 token of the VideoCoin network and currently powers the Vivid Labs platform. VID token ensures the functionality, efficiency, and stability of the network. The token is utilized for rewarding the users of the platform. 

History of VideoCoin (VID)

The whitepaper of VideoCoin was published on November 7, 2017. The total token supply of VID is 265 million.

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FAQ

What is the current price of Vivid Labs?

The price of 1 Vivid Labs currently costs $0.0161.

What is the market cap of Vivid Labs?

The current market cap of Vivid Labs is $2.68M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Vivid Labs?

The all-time high of Vivid Labs is $25,164,938.12. This all-time high is highest price paid for Vivid Labs since it was launched.

What is the 24 hour trading volume of Vivid Labs?

Over the last 24 hours, the trading volume of Vivid Labs is $65.97K.

What other assets are similar to Vivid Labs?

Assets that have a similar market cap to Vivid Labs include GPEX, BiFi, Aidos Kuneen, and many others. To see a full list, see our comparable market cap assets.

How many Vivid Labs are there?

The current circulating supply of Vivid Labs is 166 million.