Verida Price

Verida is a cryptocurrency launched in 2024 that operates on the Polygon platform. It is designed as the world's first private self-sovereign database DePIN (Decentralized Physical Infrastructure Network) for Web3. The Verida Network provides secure and private database storage, allowing users to own and control their personal data. Key features of Verida include: 1. Verida Wallet: A mobile wallet supporting zk proofs, crypto, identity, data storage, and encrypted messaging. 2. Network Design: Optimized for fast commits, advanced security, and built-in unlimited scalability. 3. Data Control: Enables users to free their data from centralized platforms and access it across multiple chains and platforms. 4. Total Supply: 1B VDA VDA 5. Current Price: $0.003144 6. Market Cap: $73.53K 7. 24h Trading Volume: $10.79K Verida aims to revolutionize data ownership and privacy in the Web3 ecosystem, providing users with greater control over their personal information while enabling seamless cross-platform access and integration.

Verida was created on May 16, 2024. The cryptocurrency was launched on the Polygon platform as an ERC-20 token. Verida aims to provide a decentralized infrastructure for private, self-sovereign databases in the Web3 ecosystem. Since its creation, Verida has been working towards enabling users to have full control over their personal data across various platforms and blockchains.

The founders of Verida (VDA) are Chris Were and Michael Yates. They established the project in 2018 with the vision of creating a decentralized network that gives users control over their personal data. Chris Were serves as the CEO, bringing extensive experience in blockchain and software development. Michael Yates is the CTO, with a strong background in cryptography and distributed systems. Together, they have led the development of Verida's innovative self-sovereign database technology and privacy-focused wallet. The founding team's expertise in Web3, data security, and decentralized infrastructure has been crucial in positioning Verida as a pioneering project in the DePIN (Decentralized Physical Infrastructure Networks) space.

Verida operates on the Polygon blockchain as a decentralized private database network for Web3. It utilizes a self-sovereign data model, allowing users to securely store and control their private data across platforms. The VDA token powers the network's ecosystem, incentivizing node operators and facilitating transactions. Key features of Verida include: 1. Secure database storage for user-owned data 2. Cross-platform and multi-chain data access 3. Support for zk proofs, encryption, and identity management 4. Fast transaction commits and advanced security measures 5. Built-in scalability for growing network demands The VDA token has a maximum supply of 1B VDA, with 23.38M VDA currently in circulation. Its current price is $0.003144, with a 24-hour trading volume of $10.79K. The token reached an all-time high of $0.1242 on May 29, 2024, and an all-time low of $0.00227 on April 6, 2025. Verida's innovative approach to data ownership and privacy in the Web3 space positions it as a potential disruptor in the decentralized infrastructure sector.

Verida utilizes a decentralized architecture built on the Polygon blockchain. Its technical structure includes: 1. Smart contracts: Deployed on Polygon for token management and network governance. 2. Database layer: Provides secure, private database storage for users to control their data. 3. Wallet integration: The Verida Wallet supports zk proofs, crypto transactions, identity management, data storage, and encrypted messaging. 4. Scalability features: Designed for fast commits and unlimited scalability to handle growing network demands. 5. Cross-chain compatibility: Enables multi-chain access and interoperability with other blockchain networks. 6. Privacy-preserving mechanisms: Implements advanced security measures to protect user data and transactions. 7. DePIN infrastructure: Supports decentralized physical infrastructure networks for Web3 applications. This architecture allows Verida to offer a unique combination of data sovereignty, privacy, and scalability for Web3 users and developers. The network's design prioritizes user control over personal data while facilitating seamless integration with various blockchain ecosystems.

The future and roadmap of Verida (VDA) look promising. The project aims to revolutionize Web3 data management by providing a private, self-sovereign database solution. Key milestones in the roadmap include: 1. Expanding the Verida Network to support more blockchains beyond Polygon. 2. Enhancing the Verida Wallet with additional features like advanced zk proofs and encrypted messaging. 3. Developing partnerships to integrate Verida's technology into various Web3 applications. 4. Improving scalability and performance of the network to handle increased adoption. 5. Launching new data-centric DApps built on the Verida infrastructure. By 2026, Verida aims to have a significant presence in the Web3 data management space. The team is focused on user acquisition and expanding use cases for their technology. Long-term goals include becoming the standard for decentralized identity and data storage in Web3 by 2030. This could potentially drive the VDA token price to $0.006874, assuming continued adoption and market growth. While the current price is $0.003144, analysts project it could reach $0.003852 by 2026 and $0.005067 by 2025 + 3 as the project gains traction.