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Vid aims to become a next-generation video journaling application that gives control to its users. Data is secured through zero-knowledge encryption, so only the user can access their content. Blockchain technology powers the company’s internal VID Token, which is a digital currency used to transfer value across the network.
Content creators can earn VID Tokens when other users view their videos. Brands and advertisers can also pay content creators directly with the VID Token, without Vid taking a cut.