How Crypto is revolutionizing the adult entertainment industry

Porn is that timeless subject that seems to endlessly divide people. Some call it misogynistic and outdated, while others can’t seem to get enough of it.

Watching attractive naked people isn’t the only reason why porn is so alluring. The power of porn is also in the story it tells. Everything from the setting to the words spoken and the expression on the actor’s faces tell a story. But who watches porn for the storyline anyway?

In the past, the only way to access porn was to purchase erotic magazines from bookstores or x-rated movies. Then the internet came [no pun intended] and everything changed. Suddenly, it became easy to access tons of porn content from the comfort of your mobile devices.

If you’re reading this article, you must have come across different forms and types of porn on the web in one way or another. The numbers also attest to the growing popularity of porn globally.

In 2021, Pornhub was the 10th most visited website globally, surpassing popular social media platforms like Tik Tok and Snapchat.

Recently, blockchain technology has also contributed to the rise of the porn industry with the introduction of cheap, fast and anonymous payments using cryptocurrencies.

In today’s newsletter, we’ll explore the various roles crypto has played in the growth of the porn industry.

How has crypto impacted the porn industry?

Easy payment systems

Most adult entertainment platforms utilize the freemium model which allows you to watch free content on the platforms while requesting a subscription fee to access premium content and features.

Paying for subscription fees can be a hassle, especially if you’re from Africa, due to the lack of support for payment methods. If you eventually get a platform that accepts your debit cards, the transaction fees could be as much as 50% of the subscription fee.

Crypto resolves this as it enables quick, cheap and borderless transactions. It is, therefore, unsurprising that several adult entertainment platforms have turned to crypto payments. Pornhub, for example, offers more than 16 cryptocurrencies as payment methods for its users.

Some adult entertainment clubs take this to the next level and strippers are provided with temporary tattoos of QR codes. All you need is to scan the codes via your crypto wallets and pay electronically for their services.

Freedom and anonymity

Porn is still frowned upon by many societies and religious organizations. This places a stigma on those perceived to be interacting with it. Furthermore, the increased rate of high profile hacks on popular porn websites is also a source of concern.

Hackers are known to steal users’ personal information from porn platforms and blackmail them to extort huge sums of money. Imagine getting blackmailed for indulging in pleasure on a platform that you thought was secured.

Many adult entertainment websites have implemented crypto payment systems to conceal their clients’ identities and reduce the chances of data leaks. In addition, blockchain-built porn platforms offer greater security as there’s no need for registration. All that is required is to connect your wallet — which serves as your username and password — to access the platform.

Financial inclusion

The adult entertainment industry is not all rosy as it suffers from different problems. A notable problem is the long-standing discrimination of sex workers and adult entertainment companies by financial institutions.

Many banks and electronic payment platforms, such as PayPal, have banned sex workers from using their payment platforms. In recent times, Pornhub suffered a major payment issue when Visa and Mastercard banned the platform from its services. Consequently, millions of content creators were stranded and left without access to their earnings.

Crypto’s decentralized nature solves these issues since no organization or government controls it. Porn workers can also manage their finances as all crypto payments are received in their wallets.

Now, let’s look at five blockchain platforms that focus on the adult entertainment industry.

SpankChain

SpankChain is a crypto payment platform that is built on the Ethereum blockchain. It intends to build an easy payment system for the porn industry and has been in existence for a few years. In addition, it offers a unique NFT collection called “Spank Pop Shots NFTs.”

Learn more about NFTs in our beginner-friendly guide.

Each pack contains 4 NFTs that provide access to top models’ videos and unique digital art that can be sold on popular NFT marketplaces like Opensea.

Pros

  • Easy to use.
  • Offers NFTs that can be sold for profit.

Cons

  • No dedicated app.
  • NFTs are expensive to purchase.

CumRocket (CUMMIES)

For NFT lovers interested in adult content, CumRocket could be the best place for you. The platform shares similar characteristics with OnlyFans,an online platform where people can pay for content (photos and videos, live streams) via a monthly membership. In CumRocket, you can follow your favourite creators and pay using crypto to get exclusive content.

You can also apply to become a creator and share content with fans for its native token called CUMMIES. Cumrocket also has an extensive ecosystem that allows chat messaging, tipping and subscription services.

Pros

  • Easy to use.
  • An Interactive and immersive platform.
  • You can earn as a creator.
  • Cheap transaction fees.
  • Referral bonus opportunities.

Cons

  • No mobile app.

Xxxnifty

Xxxnifty is one of the top NFT marketplaces connecting porn content creators with audiences and potential buyers. So you can decide to become a creator and build a following of fans that pay in crypto for your content.

Pros

  • Easy to use.
  • You can earn as a creator.

Cons

  • Expensive NFTs.

NaftyArt

NaftyArt is an NFT marketplace that is focused on providing services for porn artists. You can sign up on the platform, create unique erotic art and sell it within its marketplace.

Pros

  • Easy to register and create NFTs.
  • Active NFT marketplace.

Cons

  • No mobile app.
  • Limited utility for NFTs outside of its ecosystem.

Bitcci

Bitcci is a unique adult platform that intends to make the adult entertainment industry legal, safe and free for anyone who wants to enjoy it.

Unlike other platforms listed that only exist online, Bitcci intends to build a chain of exclusive nightclubs and saunas globally. It also plans to offer porn workers easy ways to receive fiat via the Bitcci bank.

Pros

  • Easy to use.
  • An extensive ecosystem of products.

Cons

  • No NFT support.
  • No mobile app.

What does the future hold?

Crypto offers a lot of possibilities in the massive porn industry. Chiefly, it ensures anonymity on the consumer’s side and eliminates some of the porn industry’s biggest challenges such as financial discrimination, expensive payment methods and non-transparency.

The adult entertainment industry may take some time to realize the full benefits of crypto, but ultimately, crypto will transform the industry for the better.

Conclusion

Thanks for reading to the end. We hope you got great value from today’s newsletter. If you enjoyed today’s episode, reply to this email and let us know what you think about how crypto has affected the adult content industry. Also, don’t forget to show off the knowledge you learned today by sharing this newsletter with two or more people.

We also recommend joining the Breach community to enjoy the best experience learning crypto. Remember, learning is better with crypto curious friends.

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