Blockchain continues to expand its boundaries and now has stepped into the porn industry. This is good news for porn addicts. Tube8, which is an adult entertainment platform that streams porn, has adopted blockchain and tokenization technology. The reason behind this is to reward viewers with cryptocurrency for watching porn on their platform.
Tube8 Porn Site wants to pay you cryptocurrency
The Pornhub subsidiary is collaborating with blockchain platform Vice Industry Token (VIT). This partnership is to tokenize the website to execute the procedure. The collaboration aims to engage users in activities on the Tube 8 platform. As a result, they will get paid for streaming and interact with videos. TheNextWeb was the first to announce the partnership.
Pornhub, on the other hand, accepts Verge cryptocurrency but Meme coin was the original coin. Subscribers can now pay for any Pornhub features using Verge cryptocurrency including a premium subscription. Nutaku and Brazzers, which are sister sites of Pornhub, and also accept Verge cryptocurrency.
Pornhub settled for Verge because it is anonymity-focused. Still, anyone can see the cryptocurrency transactions via the public ledger. Yet, it uses Tor, the anonymity tool and anonymous layer 12P to conceal certain transactions, locations and IP addresses. Public ledger has its share in failing to protect users’ anonymity, it is for this reason, users choose to hide on Verge’s private ledger.
Like other digital currency, Verge has been volatile. Last December, Verge hit nearly $0.22 per coin, a time when most digital currencies were on the rise. At the moment, it has fallen in value. During the publication of this post, the coin had risen about $0.014 cents per coin. This rate is, however, low as compared to other digital currencies like Bitcoin and Ethereum.
Tube8 developments will put the entire platform on the blockchain. Still, it will come up with an entertainment site that will accept token-based rewards and payment for visitors who visit the website. This partnership is likely to result in one of the significant entries of blockchain into the mainstream. The reason behind this is because Tube8 has a huge traffic volume of up to 150 million visitors a month. Introducing a reward system on such a platform cannot go unnoticed although adult entertainment sites built the reputation of an early adopter for blockchain usage.
Tube8 spokesperson Robin Tuner expressed the event as a paradigm move and an accomplishment of a longtime dream.
“I have always dreamt to pay porn viewers for a long time. The dream has been in the pipeline tough it was not realized. With the introduction of VIT, however, we are making a complete change in how people entertain themselves with adult content. This is opposed compared to other sites where consumers need to pay money to watch the content. With us, users will be paid to get our free content. In summary, the more they interact with our content, the more cash they earn.”
Vice Industry Token (VIT) has Captured the Attention of Adult Entertainment Industry
The adult industry has made VIT’s presence to expand, albeit for conflicting reasons. On one side, Tube8 is celebrating the partnership. On the hand, Playboy, a well-known adult entertainment company has an existing legal argument with VIT over non-fulfillment of a collaboration contract between them a few months ago. Be it as it may, none of the controversies was mentioned in these latest developments.
Cryptocurrency is venturing into business with online pornography. This is because the platform provides separate transaction procedures to users. The introduction of this anonymous participation will have a significant impact on the industry. Rewarding subscribers is more appealing and motivating than a traditional subscription model.
VIT offers Tube8 a method to reward viewers by monetizing content through the VIP protocol according to Turner. But before viewers could log in and watch videos, VIT encourages them to create an account and then interact with the content to generate Vice Tokens.
If this deal goes through and is implemented, it would create an avenue to other platforms that intend to reward services to subscribers. In the end, the goal of these developments to the blockchain will be higher than the present individual goal and targets of the primary participants.
In summary, the overall adoption of cryptocurrency is low; it is gaining steam and penetrating the market. Different businesses have different ways of engaging the cryptocurrency market.
Even though millions of people love and watch porn online, we have yet to see how far Tube8 will pay its users in cryptocurrency.
Image Source: Pixabay.
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