What do you mean by excessively verbose? They seem to make a point at being minimalist and the comparison with JSON schema in the README page seems to attest to it.
Compared to a struct in C, Rust, Golang, or Java it takes more key presses on behalf of the programmer and only works in (/is optimized for) a narrowly specific set of circumstances.
Convenient in some ways (e.g. if you are only comfortable in JS), and does nothing useful in other contexts.
Nothing inherently wrong with it, other than it seems like a missed opportunity.
This is a easier write, easier to read, compatible with JSON Schema alternative. Spartan Schema could be used instead of JSON Schema to make the document easier for humans to work with.