What is Vivid Labs? What Does VID Do?

What is Vivid Labs? Vivid Labs (VID) is a Blockchain platform that enables the creation and management of multimedia NFT tokens.

What is Vivid Labs? What Does VID Do?
What is Vivid Labs? What Does VID Do?

What is Vivid Labs? Vivid Labs (VID) is a Blockchain platform that enables the creation and management of multimedia NFT tokens. As Coinzigzag.com, in this article, we have answered the questions asked by investors such as what Vivid Labs is, what it offers, what is VID coin, what is it for, how to get it. Now, let's examine this project together, which aims to be a pioneer in NFT innovation.

What is Vivid Labs?

VideoCoin, a full-service NFT technology and strategy provider, was 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.

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+ is bridging NFT markets for the NFT industry.

What does Vivid Labs offer?

After the rebrand, 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 marketplaces 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 on Shopify stores with the "NFT for Shopify" tool.

What is VID? What does it do?

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.

What is Vivid Labs? How to get a VID?

Vivid Labs is currently trading on KuCoin and Bittrex exchanges. Therefore, investors who want to buy VID need access to one of these exchanges. After that, they can become a member and buy the token by depositing money in their wallets.