In an age where adult content is abundantly available (most of it for free), there is a huge benefit to the industry from NFTs simply by treating this content as valuable.
By viewing adult content as a subjective investment with an inherent value, the market is shifting the importance to exclusivity, quality and individualism. And although this won’t put an end to the availability of free porn, it does go some small way to overturning the cultural conception that adult content is all just…well, cheap and expendable.
Joey: Is this porn? What did I do? I must have hit something on the remote.
Chandler: Do we pay for this?
Joey: No, we didn’t even pay our cable bill. Maybe this is how they punish us.
Chandler: Maybe we shouldn’t pay our phone bill. Free phone sex.
Joey: Maybe we shouldn’t pay our gas bill.
THE CURRENT PROBLEM WITH THIS INDUSTRY:
(among many others) is that it just became a thing you could pirate – download it or go watch it on Porhub.
NFTs, on the other hand, provide an incentive for consumers to open their wallets, empowering the content creators and allowing them to follow all of their work, once put on the blockchain.
Some “users” have already started developing an interest in the blockchain system and will like to have the personalized image or clip of their favourite pornstar to enable them to jerk off to it and cool off. NFTs are all about owning something hot that no one else has. So far, we’ve seen NFTs for tweets and memes, among other things. So, it should come as no surprise, that NFTs appear to be making inroads into one of the most popular but contentious sub-industries in entertainment: porn.
WHAT IS IT FOR THE CREATORS?
The effects of NFTs on the porn industry will most likely be similar to those seen in other industries such as art. This means that creators will have another way to earn money from their work and will be able to connect with fans more directly. This also means that those who enjoy their content will be able to own significant rights to previously-generated content and feel more connected to the creators they admire.
Artists are more likely than performers and adult entertainment studios to create NFTs of their work as it is being created or to create work specifically for the purpose of generating NFTs. Companies such as RarePorn are also working to develop platforms that will allow performers to earn a consistent income from subscriptions or tipping from consumers, which will change the way the adult industry operates in the same way that Onlyfans did previously.
For years, the adult film industry has been plagued by accusations of exploitation and unfair business practices, but with creators at the helm of the NFTs process, a lot of this may be changing.
NFTs have altered the way we interact with a wide range of content and collectables, demonstrating that even previously unconsidered items have a monetary value. For an industry that has been shown to be very popular but frequently faces a lot of stigmas, the emergence of NFTs can be a way to legitimize the industry, ensure better compensation for performers, and more access for fans, resulting in a better ecosystem overall.
THE BENEFITS:
- Unique identity – NFTs digital assets will automatically be assigned with unique identity when uploaded. These identities mean ownership is provable and so no one can steal the asset or any revenue generated from it.;
- Violation of human rights – The unique identity also means that uploaders cannot publish content that violates any human rights, such as child, revenge, or non-consensual content because the content will be pinned to this identity.;
- More direct relationship with fans – and investors.
THE PROMISED 3 EXAMPLES:
PICS
Erotic creators now have the chance to turn their work into NFT, allowing fans and collectors to enjoy ownership that turns them on – whether a porn model turns her photoshoots into NFTs or artists unleash their imagination, everything digital is now ownable.
GIFS
Same as pics – gifs or fractions of videos can be owned by fans and collectors.
CLIPS
Just picture yourself owning a full video clip of your favourite actor/actress…
THE PROBLEMS:
- The lack of age verification protocols – the lack of age verification protocols embedded into this system is a concern for many early adopters. It’s all too easy for minors to transact NFTs and until there are robust measures in place to protect creators and buyers then there will be some big question marks over this aspect.;
- Future-proof – Some marketplaces, do not allow minting pornographic or obscene content—but a quick search on some of the platforms shows that this rule is pretty loose. Foundation similarly forbids vulgar, obscene or pornographic content. The questions are – what constitutes art, porn, and erotica—and what makes each of these distinct from the others. What might be considered acceptably NSFW without crossing the line into “obscene” on these platforms?;
- Minting prices – both the cost of minting your own NFTs along with the technical know-how required to create NFTs is proving to be a barrier for a lot of people but they shouldn’t be. There are enough platforms around offering competitive fees to mint your content and many that can help guide you through the process.
THE CONCLUSION:
Considering NFTs move so quickly, it’s a challenge to consider what will happen next. The building of the NFT world, after all, has only been semi-erected, meaning it’s just as likely to fall and crumble or go sky-high. Some consider it a bubble or just hype. But just like any new technology, with the endless amount of positive potential it may bring, there are also dangers that we cannot yet foresee. That is why it’s good to have perspective within that industry and a good way to get it is by going through some of the more interesting blockchain reads that are out there. Whatever the outcome of NFTs is, one thing is known for sure – they are the future of content creation, distribution and ownership. There is no turning back…
