Blockchain technology can help create secure and inclusive platforms for adults

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The cryptocurrency market is no stranger to speculation. Keep in mind that despite the growth of this industry, many continue to view these assets and associated technologies as a bubble about to burst.

As history has proven, overcoming the technology adoption curve comes down to an important use case, or the so-called “killer app.” While there is no clear frontrunner, the adult entertainment industry has proven that it has significantly improved new technological iterations in the past and offers an interesting proposition for the future of cryptocurrencies.

The adult entertainment industry is believed to be worth billions of dollars, giving it significant influence on the world’s leading technologies. While it does not create these new technologies, it is often the first to adopt and do so successfully.

For example, the industry was one of the first to make money on the Internet, where it still brings in more than $1 billion a year. In part, this is because, unlike other industries pitted against “big box” retailers, the adult entertainment industry does not have to deal with traditional distribution issues.

While it is just one example, this industry continues to demonstrate a history of adopting the latest forms of media to get their content across to viewers. To illustrate, let’s look at the transition from VHS to Blu-ray to Internet streaming.

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From Betamax to Blu-ray

On a trip back to the 1970s, users are introduced to the debate between the Betamax and the VHS, two devices that can play a movie and thus set a standard in viewing technology.

In one corner, the Betamax has a wide format that allowed the device to capture better quality recordings, although only holding an hour of video footage. In contrast, the VHS offered a lower quality, but with triple storage capacity (up to three hours). As a result, VHS took over, with adult entertainment viewers now getting access to 180 minutes of content.

In an industry as large as this, this small transition extended the life of the VHS and effectively ended Betamax.

Look forward to a more recent example and consider the technology transition between the HD DVD and Blu-ray. The HD DVD was already largely successful when Blu-ray was introduced and was a tough market to compete in. However, Blu-ray had more capacity to hold things like deleted scenes, behind-the-scenes footage and other actor commentary, a reality realized in the adult entertainment industry. Therefore, like Betamax, the HD DVD was dead.

With technology moving beyond Blu-ray to Web3, it’s only natural to conclude that the adult entertainment industry will once again pioneer a new era of technological evolution.

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Heralding a new era for decentralized payments

Today, the porn industry has evolved far beyond studio-controlled content distributed by Blu-ray to a model where creators are in charge of their creations. Despite having more autonomy, creators still face one barrier, which is how they will receive payment.

Makers have little choice but to accept money through traditional banking solutions, forcing them to pay high fees, payment cancellations, chargebacks and account closures. Not to mention audience restrictions due to privacy concerns.

Cryptocurrencies try to solve this by working without an intermediary to ensure that creators and customers can trade directly with each other. Due to their anonymous nature, cryptocurrencies also allow users to keep their identities hidden.

A metaverse where adults come to play

With a potential solution to the gap in the market, it is not uncommon for adult entertainment websites to include cryptocurrencies as a payment method in their website. However, newer platform releases have taken the application of blockchain technology and utility tokens a step further, creating entire ecosystems to maximize the fan experience.

The Pleasure Network shows this by releasing a series of secure and inclusive adult platforms powered by the Pleasure Coin utility token, NSFW. NSFW allows creators to be compensated for their content without the risk of a chargeback. The platform is effectively becoming a new way for fans and creators to connect, combining some of the highest quality features of existing platforms.

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The token will also become useful in the adult metaverse, Pleasureland. Pleasureland will include the Pink Tower, the first building in the metaverse, which will also serve as a place to store, play, design, party, or enjoy personal space with NFT assets. Users also have the option to rent out their space to earn NSFW tokens.

NSFW is said to be one of the fastest growing tokens in the Polygon ecosystem – blockchain technology that scales transaction speeds beyond traditional credit card processing.

And because Pleasure Coin is designed as an ERC-20 token, creators and users alike can transact freely while keeping their identities and other personal information hidden.

indemnification. TBEN does not endorse any content or product on this page. While we strive to provide you with all the important information we may obtain, readers should do their own research before taking any action regarding the Company and taking full responsibility for their decisions, nor should this article be considered investment advice.