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Blockchain technology helps create a secure and inclusive adult platform

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

As history has proven, overcoming the technology adoption curve comes down to a primary use case, the so-called “killer app.” While there is no clear frontier, the adult entertainment industry has proven to be a major advance in new technology iterations in the past, and presents interesting propositions for the future of cryptocurrencies.

The adult entertainment industry is believed to be worth billions of dollars and has a major impact on the world’s major technologies. We don’t create these new technologies, but we are often the first to adopt them successfully.

For example, the industry was one of the first to make money on the Internet and continues to generate more than $1 billion in annual revenue. One reason is that the adult entertainment industry doesn’t have to get involved in traditional distribution issues, unlike other industries that have to go head-to-head with ‘big box’ retailers.

To name but a few, the industry continues to demonstrate a history of adopting modern forms of media to convey content to its audience. Take his transition from VHS to Blu-ray to internet streaming as an example.

From Betamax to Blu-ray

Back in the 1970s, users will be familiar with the debate between Betamax and VHS. These two devices are capable of showing movies, thereby presenting a standard of viewing technology.

In one corner, the Betamax could only hold an hour of video footage, but it has a wide format that allows the device to record better quality. VHS, by contrast, was of poorer quality, but he had three times the storage capacity (up to three hours). As a result, VHS became popular and adult entertainment audiences had access to his 180 minutes of content.

In an industry this big, this small shift extended the life of VHS and effectively put an end to Betamax.

As a recent example, consider the technology transition between HD DVD and Blu-ray. HD DVD was already a huge success when Blu-ray was introduced, and it was a tough market to compete in. However, the Blu-ray had more capacity to hold things like deleted scenes, behind-the-scenes footage, and other actor commentary. What has been achieved in the sex industry. So, like Betamax, HD DVD was dead.

As technology moves beyond Blu-ray and onto the Web3, it’s no surprise to conclude that the adult entertainment industry will once again usher in a new era of technological evolution.

A New Era of Decentralized Payments Has Arrived

Today’s adult industry has evolved far beyond studio-managed content delivered on Blu-ray to a creator-in-charge model. Despite the increased autonomy, the creator faces her one barrier: how to receive payment.

Creators have little choice but to receive their funds through traditional banking solutions, resulting in high fees, payment cancellations, chargebacks and account closures. Not to mention viewing restrictions due to privacy concerns.

Cryptocurrencies aim to solve this, operating without middlemen, allowing creators and clients to transact directly with each other. Because cryptocurrencies are anonymous, users can also hide their identities.

Metaverse where adults come to play

It’s not uncommon to see adult entertainment websites incorporating cryptocurrencies as a payment method into their websites as a possible solution to a market gap. But with the new platform release, the application of blockchain technology and utility tokens has gone a step further, creating a whole ecosystem to maximize fan experience.

Pleasure Network is demonstrating this by releasing a series of secure and inclusive adult platforms powered by the Pleasure Coin utility token, NSFW. NSFW allows creators to get compensated for their content without the risk of chargebacks. By combining the best features of our existing platforms, the platform will be a new way for fans and creators to connect.

Tokens also gain utility in the adult metaverse, Pleasureland. Pleasureland contains the first building in the Metaverse, the Pink Tower. It also serves as a place to store NFT assets, play, design, party, or just enjoy your personal space. A user can also rent out space to earn her NSFW tokens.

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

Pleasure Coin is also designed as an ERC-20 token, allowing both creators and users to trade freely while keeping their identities and other personal information hidden.

Disclaimer. Cointelegraph does not endorse any content or products on this page. While we aim to provide all material information available, readers should do their own research before taking any action in connection with the company and take full responsibility for their decisions. Nor should this article be considered investment advice.