An Insight into VICEWRLD DAO
Is VICEWRLD DAO the new face of web3 porn or just ass? — Find out in this article.
When it comes to adult entertainment, there are a lot of things that can be said about it. It is one of the most popular forms of entertainment in the world, and it is also one of the most controversial. There are a lot of people who feel that adult entertainment is nothing more than smut, and there are the 2.5 million people who browse popular porn sites every minute (60 seconds). Then there is web3 porn now contributing to the ‘porndemic’ through exciting content and community-driven goals and rewards.
Oh, web3? It’s more than a number in a little red book — it’s the future of the internet. The decentralized web3 infrastructure presents a number of advantages for the porn industry, which can help to reduce costs, introduce new revenues, increase transparency, and provide a more secure environment for both content creators and consumers. So, what role does VICEWRLD play in all of this innovation? Let’s roleplay — with you being the student and actually learning from this article :)…
Introduction to Adult Crypto
Cryptocurrency is a digital or virtual currency that uses blockchain technology for security. A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. Meanwhile, Adult crypto is a digital or virtual currency specifically for the adult entertainment industry. It is based on the same principles as regular cryptocurrency, but with a few key differences, depending on the project.
Furthermore, Web3 is the world wide web built on decentralized protocols, using blockchain technology. Web3 is perfect for content creators and consumers because not only does it strengthen their connection, it also introduces unique digital content consumption styles, such as the Metaverse, NFTs, DAOs, and others. Unsurprisingly, the adult entertainment industry has been an early adopter of web3 technology. The adult entertainment industry is a perfect use case for web3 technology. The industry suffers from high fees, chargebacks, and censorship. Web3 provides a solution to all of these problems.
VICEWRLD DAO’S Role In Web3 Porn
VICEWRLD DAO is a one of its kind company to integrate Web3, adult content, and community, making our organization one of the firsts to see the true potential in the adult industry. Some of the most popular sites on the Internet are adult sites, contributing $35 billion to the pornographic industry each year. Along with the constant innovations in visual technologies like 2D/3D porn, VR porn, and animation porn, the industry is also constantly adapting to new types of platforms like OnlyFans, tube, and cam sites. The old adage “sex sells” couldn’t be more relevant to the adult entertainment market.
No matter the state of the economy, the Adult industry can always count on a reliable flow of new customers. People who enjoy porn will always be on the lookout for novel ideas in the industry. The founding council of Vicewrld DAO is made up of crypto professionals and experts from the adult business to ensure that the two sides work together smoothly. The VICEWRLD DAO workforce includes prominent creators, producers, and advisors from the adult entertainment industry. The $VICEDAO token holders are supported by a community-owned and -operated organization with the shared goal of realizing its roadmap.
According to the VICEWRLD DAO whitepaper, the project will provide three main services for its token-holder community, including:
- VICEWRLD Productions (Adult content creation): The community of $VICEDAO token holders will have a say in the creation of adult material through a collaboration between VICEWRLD Productions and VICEWRLD DAO.
- VICEWRLD NFT launch service for Adult Creators: When it comes to launching tokens and NFT collections for fans, VICEWRLD’s launchpad service will be the first ‘white glove’ offering in the Adult sector.
- VICEWRLD Adult Metaverse, where fun virtual sex experiences will be shared with consenting 18+ adults: Consenting adults will be able to enjoy shared VR sexual encounters, buy, and watch VR porn together in the VICEWRLD Adult Metaverse.
What is the $VICEDAO Token?
VICEWRLD DAO will be utilizing the Binance Smart Chain (BSC) blockchain. This blockchain is from the world’s largest cryptocurrency exchange, Binance. The $VICEDAO token will be paired with BNB (Binance Coin). BNB is the third largest cryptocurrency in the world (not including stablecoins) after Bitcoin and Ethereum.
The $VICEDAO token is a BEP-20 standard token. It is the community governance token that you can think of as representing a share of influence in the VICEWRLD DAO.
Why You Should Trust The VICEWRLD DAO Project
1. Profit with other token holders from the rising value of the community/brand.
2. Vote using your $VICEDAO tokens to help shape the future of the VICEWRLD Metaverse, and you’ll also be able to use them to vote on adult content situations.
3. Get ready to profit from the token buyback + burn programs that VICEWRLD DAO will undertake with the help of its partners VICEWRLD productions, VICEWRLD NFT launchpad, NODE City, and the future VICEWRLD Metaverse.
4. Be added to the whitelist for any future NFT drops or in-person events without having to do anything.
5. Enjoy exclusive content and gain access to the Discord VIP area
6. The $VICEDAO coin is used by tippers to make contributions.
7. You can use the $VICEDAO Token to buy both physical and virtual assets (NFTs, Metaverse, and mechandise) that will be released in the future by NFT.
8. Tickets for upcoming in-person events can be purchased with the $VICEDAO token.
9. More than anything, the VICEWRLD DAO actually gives a f*ck about adult content creators, hence the project — to help “expand their shelf life,” as CEO Jordanna shared on Coindesk, and also consumers can enjoy more lasting experience with their favourite actors through these innovative strategies.
The VICEWRLD DAO will also collaborate with charities that aid adult content creators in areas such as mental health, sex worker rights,, and education. Donations will be made through the VICEWRLD DAO Treasury, where users may cast votes using their $VICEDAO DAO tokens on initiatives proposed by the DAO council, which is chosen annually in the fourth quarter by the token holders.
Benefits of Blockchain Technology for the Adult Industry
Although the adult industry is one of the most profitable industries in the world. Unfortunately, it is also one of the most heavily regulated industries, with a complex web of laws and regulations that vary from country to country. This often makes it difficult for adult businesses to operate legally and to protect the rights of their workers. Blockchain technology has the potential to change all that. Some benefits include:
- Avoiding chargebacks is crucial in the adult business since these disputed credit card transactions occur often. It is difficult to issue a chargeback while using cryptocurrencies or NFTs, hence solving a major issue for the business sector.
- By using blockchain, businesses can create a decentralized, global registry of workers that would allow them to verify the age and identity of their workers. This would help to prevent instances of human trafficking and other illegal activity within the industry.
- Transparency is another key benefit of blockchain technology. With blockchain, businesses would be able to track every transaction that takes place within their supply chain. This would allow them to ensure that their products are coming from legitimate sources
- Anonymity for purchasers is enhanced, and the privacy of both employees and clients is safeguarded. It’s possible that many pornographic material purchasers would want to have more payment alternatives available to them. Due to the decentralized structure of the blockchain and the anonymity it affords its users, cryptocurrencies are an excellent payment alternative.
- Blockchain could be used to create a secure, decentralized platform for payments free from the shackles of Visa and Mastercard regulations. Since cryptocurrencies are not subject to the same level of regulation as credit card companies like Visa and Mastercard, anyone in the Adult Industry is free to create any form of lawful pornography they wish.
- Gaining Access to a Whole New Market of Consumers That Are Interested in Investing, Not Buying Adult Material The Crypto and NFT sector has opened the door to a whole new market of investors who are interested in investing, but not in buying adult content. This has the potential to attract new customers for any Adult business or artist.
Nothing in this article is investment advice DYOR