During 2020 a little-known element of blockchain commerce, the non-fungible token or NFT market, tripled in value to over $250 million. Many who had previously never heard of an NFT – briefly described as a digital certification of the uniqueness of a file – were suddenly immersing themselves in the market, purchasing ownership of digital art, music, and even media created long before the blockchain existed.
Image: Digital art by Beeple selling at Christie's.
Artist Beeple, aka Mike Winkelmann, sold a digital collage entitled “Everydays: the First 5000 Days,” represented by an NFT, at auction for $63.9 million, the third-highest price paid for a work by a living artist and the highest yet paid for an NFT. This opened the floodgates.
Lust Leans In
On such markets and exchanges as Ethereum, Binance, and Gemini’s Nifty Gateway, NFT purchases became so prevalent it earned widespread media attention, becoming a curiosity and a meme as much as a rapidly developing branch of cryptocurrency economies. Adult performers, as usual, wasted little time jumping on board the NFT train, keen to utilize the tech to personalize their viewers’ experiences further. One such performer, Welsh pornstar Sophie Dee, leapt at the chance to offer NFTs to fans, creating unique adult videos for fans to bid for is set to release a series of his unheard tracks and never-before-seen tour footage as NFTs in mid-May, bringing even more mainstream attention to the marketplace and the tech that drives it. And as
Kanye’s law states, what benefits rappers benefits porn.
