What is the V and the Mark minecraft multiplayer UI, under the ping icon

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Why is the V and the green mark under the ping icon, I capture this from a Youtuber.
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What does v mean on Minecraft?
Level 5 (Power V) Description. Increases the amount of attack damage dealt to a player or mob when using your bow.How do you check your Ping in Minecraft multiplayer?
Multiplayer is the server-based version of Minecraft that enables multiple players to interact with each other on a single world, allowing them to work together to mine ores, build structures, and fight mobs (or each other), or to simply play together.What is MP Minecraft?
LAN Games. A local area network (LAN) game is a type of multiplayer game that allows other people in your local network (i.e. just the people connected to your router/switch) to join a Minecraft world. Players over the internet cannot connect unless other workarounds (such as port forwarding or Hamachi) are set up.How To Get Lower Ping in Minecraft Servers.
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
Images: Charles Parker, Asad Photo Maldives, Asad Photo Maldives, Mutlu Burak Paksoy