71
Rareporn, a french pioneer in Porntech, will continue its fund raising efforts through an ICO (Initial Coin Offering) of 17 million dollars in June. The three months old startup is gearing up towards exponential growth, with plans to hire 25 employees in the next two months, and will be expanding to the USA and Japan, targeting a global audience.
But what is RarePorn ?
Porntech, Frenchtech and above all, ethical porn, where content creators are back on the centrestage.
Vision to revive the porn sector through the latest technology and innovation (more than 30% of the investment will be invested in R&D and tech)
Propagate values that are ethical and educational, bolstered by our ambassadors such as Manuel Ferrara
Emphasis on secure and authentic content through Blockchain technology
Leverage AI and machine learning tools to solve systemic problems
Rewarding the viewers (By watching videos and using the platform!)
- And much more!
How did it happen! - The backstory
Porn, a market that is not experiencing the brunt of this crisis:
During the pandemic, staying at home meant saving the world. While many industries have suspended their activities, the adult industry was not one of them. It has prospered and is growing at a faster rate than other sectors.
According to a SimilarWeb report, the website Xvideos.com has alone generated 3.1 billion visits in April 2021, almost as much as Amazon.com and Netflix combined (2.45 and 1.23 billion) during the same period.
In another report published by NonFungible.com, the sale of NFT (non-fungible tokens) reached a record high of more than $2 billion in the first quarter of 2021. This is 20 times more than the previous quarter (Q4 2020).
On March 11, 2021, a digital artwork (NFT) by American artist Beeple, titled “Everydays: The First 5000 Days”, sold for $ 69.3 million at Christie's.
But what exactly is an NFT?
The "NFT" or Non-Fungible Token, allows a certificate of authenticity to be associated with any digital content, whether it is an image, photo, animation, video, piece of music. And now, an adult content with RarePorn's NFP (Non Fungible Porn tokens).
This certificate is theoretically unalterable and cannot be duplicated. By the virtue of NFTs, copyright is now better protected on the internet, as the NFTs prove the authenticity, provenance and uniqueness of the digital asset, thereby, increasing the scarcity of content. The NFTs are designed using "blockchain" technology, which is reputed to be tamper-proof, that serves as the basis for crypto-currencies such as bitcoin.
Today, RarePorn, the 1st French NFT Platform for adults, makes this technology accessible to all content, products and entertainment in the porn world. In addition to accessing unique content, users can become the owners of collectibles such as the panties worn by their favorite actress, pornographic videos and more. The new NFPs will be introduced at a fixed price or at auction, enhancing its owners' online collection. The owner can either safely guard them, resell them or even turn them into a source of income..
Their first NFP was sold for 2.5 ETH (10 000$)!
A first of its kind in the world of crypto! This historical sale includes a very private and exclusive video and an authentic panty of porn actress Cle?a Gaultier, who is one of Dorcel's famed inspirations.
RarePorn's 1st NFP was sold for 2.5 ETH or $ 10,000! Badoo, who won the auction, chose to keep this collectible at Rareporn’s vaults, in order to maintain its value.
The platform allows users to buy, sell or exchange the first virtual tokens for adults and puts content authors and creators at the center of the game by the virtue of the Poken (Poken Token).
RarePorn launches its own cryptocurrency, the Poken ($ PKN)
RarePorn has created its own cryptocurrency, the "Poken" (Porn Token). It will allow the purchase of NFPs (Non Fungible Pokens) on its platform, but there is more to it. The RarePorn platform is planning a new business model for content creators that could shake up the entire market, occupied by a spectrum of players from OnlyFans to PornHub to Twitch.
The creators can be paid (thanks to $ PKN) through the platform from admirers who either subscribe to the creator’s profile or would like to tip them. The size of this market runs into several billions. Creators will thus be put back at the center of the ecosystem, allowing them to free themselves from malicious producers or platforms, a problem that is a commonplace in this industry.
Having said that, the viewers will not be left out. They will be rewarded, as a fraction of PKN will be available for remunerating all of those who watch porn. This is a similar advertising strategy to what we have already seen with the search browser Brave.
For more information, you can check their Lightpaper
RarePorn announces its ICO in June
Driven by the great success and the incredible support of its community, RarePorn announced the continuation of its ICO in June for an amount of $ 17M!
RarePorn is founded by an explosive combination of entrepreneurs from the world of startups, blockchain and adult entertainment:
Marco Garniga et Nils Lataillade, co-CEOs have held leadership roles in unicorns and hyper growth startups like Jumia, African e-commerce pioneer, Amazon and the French unicorn Meero.
They are associated with Fred Coppula, co-founder, one of the most famous adult film directors in France and the ex-companion of Clara Morgane or with international celebrity like Manuel Ferrara, a former porn actor who emigrated to the United States and who is now running a popular channel on Twitch.
The startup has completed a historic private sale round of its $ PKN token for $ 2 million.
This record ICO will gradually allow the public to obtain PKN $ and actively participate in a whole new model of porn, which is both innovative and transparent.
In the context of Covid and concerns in the cryptocurrency market, one thing is certain, the porn industry is not experiencing this crisis!
