Connect with us

Altcoins

XVG Verge and Pornhub Marriage Not Going Well

Published

on

XVG Verge

Back in early April, the team at XVG Verge had a well-kept secret as to which firm was their new big partner. As soon as the announcement was made that Pornhub would be accepting subscription payments using XVG, the crypto community rejoiced for this was a step forward in terms of crypto adoption. Some crypto enthusiasts even put aside their morals and looked past what the Pornhub platform is all about. All were enthusiastic for they knew that the porn industry is worth around $97 Billion dollars and Pornhub has over 90 Million daily unique visitors. This, in turn, meant that XVG Verge would get the spotlight on a wide and busy platform.

Crypto accounts for Less than 1% of Pornhub Payments

Almost six months after Pornhub started accepting XVG Verge and other cryptocurrencies on the site, a new report has revealed that less than 1% of payments on the site are actually transacted using digital assets. This is even after Pornhub partnered with crypto payment processing startup of PumaPay to make the user experience more efficient.

Still Too Early to Conclude ‘The Marriage’ Between XVG Verge and Pornhub has Failed

Six months is a short time period to determine if crypto payments have failed to take off on the adult site. Judging by the fact that Bitcoin was created in 2009 and it has only started to be recognized as a means of investing, it could take a few more years before crypto payments are as natural and automatic as using your VISA or Mastercard.

A spokesperson of Pornhub remained optimistic about the future:

That being said, we expect to see widespread adoption of crypto[currency] and blockchain on our site in the near future

Possible Solutions for the Adult Industry

One possible implementation of blockchain technology in the adult film industry is probably tapping Project Atlas from the team at Tron and BitTorrent. The project aims at incentivizing users using a custom token so you can request faster downloads as well as have users run clients to seed torrents for longer periods.

With adult movies and clips being created by the minute, the burden of centrally storing all these files will become cumbersome for Pornhub and other adult sites. This then brings the option of distributing storage on the machines of subscribers who will be rewarded with a certain amount of privileges or tokens, for the platform to store some files onto their personal computers or servers that will remain online all the time.

Of course, this is pure speculation but we have to remember that behind any brilliant invention, is a crazy idea. The above idea seems crazy enough to work.

In conclusion, crypto adoption is slowly but surely making strides in the adult film industry through the use of digital assets as a means to pay for subscriptions as can be seen on Pornhub. As the future progresses, cryptocurrencies and blockchain technology will surely make an impact on the industry. We also have to remind ourselves that the payment processor of PumaPay is still in the development phase and the project is yet to integrate on Pornhub. Once live, PumaPay is sure to accelerate crypto payment and billing all over the crypto-verse.

Check out the Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

Continue Reading

Press Release