Deep Dive
1. BNB Smart Chain Integration (18 August 2025)
Overview: VRA launched on BNB Smart Chain, enabling cross-chain interoperability and reducing transaction fees by ~70% compared to Ethereum.
This update introduced BEP-20 VRA tokens, allowing users to leverage BSC’s high throughput (2,000+ TPS) and sub-$0.10 fees. A bridge facilitates ERC-777 ↔ BEP-20 conversions, though VeraWallet support remains pending.
What this means: This is bullish for VRA because broader accessibility could attract BSC’s 1.4M+ daily active users. Lower fees may boost microtransactions for Verasity’s ad-reward ecosystem.
(Source)
2. VeraWallet Off-Ramp Launch (30 July 2025)
Overview: VeraWallet added a fiat off-ramp via Paybis, letting users cash out VRA to bank accounts or cards.
The feature requires KYC verification and initially supports ERC-777 VRA. Transaction limits vary by region, with EUR/USD/GBP as primary fiat options.
What this means: This is neutral for VRA because liquidity access improves usability, but the lack of BEP-20 support limits immediate impact. Success depends on adoption rates and regulatory compliance.
(Source)
3. BEP-20 Wallet Support (In Progress)
Overview: VeraWallet engineers are developing BEP-20 compatibility, as confirmed in a 15 August 2025 community update.
The team cautioned users against depositing BSC-based VRA until upgrades conclude, citing potential token loss. No hard deadline was provided.
What this means: This is bullish for VRA because seamless BSC integration could reduce friction for new users. Delays, however, risk fragmenting liquidity between chains.
(Source)
Conclusion
Verasity is prioritizing ecosystem scalability (via BSC) and user liquidity (via off-ramps), though execution risks remain. Will BEP-20 adoption outpace ERC-777 dominance as the primary VRA standard?