VIDY
Crypto Overview
Project Overview
VIDY was launched as a blockchain-powered decentralized advertising platform that aimed to embed invisible video ads into text content. The project claimed to use AI and blockchain technology to match relevant ads with content and track user engagement.
Purpose and Utility
The intended purpose was to create a transparent advertising ecosystem where publishers could monetize content through embedded video ads, with VIDY tokens serving as the payment medium between advertisers and publishers. Users would earn VIDY tokens for watching ads.
Current Status
As of 2023, the project appears to be inactive. The official website is no longer accessible, social media channels have been dormant since 2021, and there is no evidence of ongoing development or adoption of the technology. Trading volume has dropped significantly, and the token shows minimal market activity.
Business Model Analysis
While the original business model of creating a decentralized advertising platform would be compatible with Islamic principles, the project's apparent abandonment raises significant concerns about its current utility and purpose.
Crypto Impact
To assign a comfort level investing in VIDY from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to VIDY.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.