Tag Archives: Web3

Blockchain technology can help create safe and inclusive adult platforms

Ushering in a new era for decentralized payment Today, the adult industry has evolved far past studio-controlled content distributed by Blu-ray, into a model where creators are in charge of their creations. Despite having more autonomy, creators still face one barrier, how they will receive payment. Creators have little choice but to accept funds through traditional banking solutions, subjecting them to high fees, payment cancellations, chargebacks and account closures. Not to mention audience restrictions due to privacy concerns. Cryptocurrencies aim to resolve this, operating without an intermediary to ensure creators and clients can transact directly with one another. Due to their anonymous nature, cryptocurrencies also enable users to keep their identities concealed. A metaverse where adults come to play With a potential solution to the gap in the market, it is not uncommon to see adult entertainment websites incorporating cryptocurrencies as a payment method into their website. However, newer platform releases have taken the application of blockchain technology and utility tokens one step further, creating entire ecosystems to maximize the fan experience. The Pleasure Network is demonstrating this by releasing a series of safe and inclusive adult platforms, powered by the Pleasure Coin utility token, NSFW. With NSFW, creators can be compensated for their content without the risk of a chargeback. The platform will effectively become a new way for fans and creators to connect, combining some of the highest-quality features from existing platforms. The token will also gain utility in the adult metaverse, Pleasureland. Pleasureland will include the Pink Tower, the first building in the metaverse, which will double as a place to store NFT assets, play, design, party or enjoy personal space. Users will 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 scaling transactional speeds to degrees beyond traditional credit card processing. And due to Pleasure Coin being designed as an ERC-20 token, it allows both creators and users to transact freely while keeping their identities and other personal information concealed.

The adult entertainment industry is known to be one of the first to try new technologies, and the blockchain seems to be the next on the list. The cryptocurrency market is no stranger to speculation. Consider that despite this industry’s growth, many continue to view these assets and associated technologies as a bubble that is […]

Shanghai included blockchain, NFTs and Web3 in its 5-year plan

Shanghai included blockchain, NFTs and Web3 in its 5-year plan

The municipal government pledged to support the enterprises that are discovering the non-fungibles market. China’s biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens (NFTs), metaverse and Web3 in general during its next five-year plan. On July 13, Shanghai’s Municipal Government published the draft of its “14th Five-Year […]

Korean fintech giant plans to create 10K Web3 jobs amid bear market

Dunamu would open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse. Dunamu, a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms, is planning to invest 500 billion won ($380 million) to create about 10,000 new Web3 jobs […]

Web3 Payments Company Fuse Launched the Payment API Platform Fuse Charge

Fuse Charge

Web3 payments revolution startup Fuse has officially launched the blockchain payment API platform Fuse Charge. On May 10, Fuse Labs announced a $5 million investment from Israeli-listed digital asset company Tectona, which will be used to advance the development of Fuse Charge, a Fuse SaaS product that enables developers to rapidly build applications that can […]

Build business: An outlook on the Web3 industry during the downtrend

Web3 industry

With the crypto market’s downturn, it’s essential to focus on what the blockchain technology industry has always suggested: build. By the end of May, Bitcoin’s (BTC) price had dropped 40%; Ether (ETH) had lost 50% of its value; and the entire crypto market dipped below its $1-trillion capitalization for the first time since January 2021. […]

Chainalysis Finds Ownerships of Web3 DAOs Are Not Actually Decentralized

Chainalysis published a research study showing that although decentralized autonomous organizations (DAOs) have emerged as the future of decentralized corporate governance, there have been several weaknesses in their functioning. According to the study, DAOs form the cornerstone of many blockchain and Web3 projects. Internet-native and blockchain-based, DAOs are intended to offer a new, democratized management […]

Metaverse, Web3, NFTs : The tools for a truly decentralized future

web3, Metaverse, NFT

If the crypto community can successfully decentralize the internet, “it’s a future really worth getting excited about,” said NFT3 founder Dylan Dewdney.Attendees to the BlockDown Croatia 2022 festival were witness to Cointelegraph’s discussions around sociopolitics of the Web3 ecosystem, non-fungible tokens (NFT) and the Metaverse. It turns out that ongoing innovations across the crypto ecosystem […]

Cloudflare to run Ethereum node experiment to help “build a better internet”

“Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, as well as energy-efficient for everyone,” the firm stated. Ahead of Ethereum’s highly anticipated switch to proof-of-stake (PoS), cybersecurity firm Cloudflare is set to launch and fully stake Ethereum validator nodes over the next few […]

Global Esports Federation convenes knowledge leaders to shape the Metaverse Council

From buzzword to real-world opportunities, towards a limitless, inclusive metaverse. The Board of the Global Esports Federation has established the GEF Metaverse Council, aimed at convening thought leaders and creators around the Web3 space. In addition, the Metaverse Council will focus on shaping tangible metaverse development initiatives for our global community, blockchain technologies, NFTs and […]