Over the past week, Verge (XVG) has announced a potential partnership with porn sites, offering its massive crypto potential as a possibility for porn viewers from all over the world. The cryptocurrency stormed Wall Street with cries of “free money”, marking its rise as one of the most surprising announcements in crypto so far this year.
With an average of 81 million visitors per day, the porn industry is going to get revamped, all thanks to Verge (XVG). However, the news has stirred up a lot of criticism as well. While Verge is still a relatively small crypto asset by its market cap, it has been rising and falling over the past couple of weeks.
The response from the crypto community regarding Verge (XVG) and its token has been incredulous. As Sarang Noether, a researcher at a rival privacy-centric cryptocurrency Monero (XMR) has stated:
“I don’t view their deal with Pornhub as any endorsement or indication of their technical value. It just indicates that you can make a deal with Pornhub if you pay millions of dollars.”
In a matter of weeks, Verge’s believers started a hashtag “#vergefam” and raised 75 million XVG or $5.2 million in donations towards the partnership.
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Even more, payments are continuing to land on the Verge donation address, where they will be put towards a new strategy that has been described as “a global marketing campaign the likes of which you have never seen” by the team behind Verge (XVG).
Still, there is a darker side to this promotion too. One user pointed to Verge as a “crypto cult of teenagers” and another said that it may become a “paid pump gone awry”. However, Sarang is a strong believer and in an interview with CoinDesk, said:
“If anything, I think verge will use this to push some kind of ‘bad boy of crypto’ image. Whether or not it succeeds, people now see it as the asset that a big porn site accepts.”
In technical circles, Verge’s potential has been similar. According to experts, Verge’s approach to privacy has long been a point of contention in the crypto space.
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