Was The Pornhub-Verge Deal Disappointing For The Cryptosphere?

Yesterday, the verge dev community uncovered his hyped partnership with Mindgeek, the world leading porn tech provider, owner of the most iconic actual porn franchises and three of the most visited porn video domains, like Pornhub, Youporn, and Redtube. The even had street acts that featured Asa Akira, one of the most prolific porn actresses of the moment, celebrating this business. But after all that buzz, it appears that they had overhyped this partnership, or so it seems by the reaction of its community in social networks, and the quick drop of his value in the market.
The partnership was announced stating that all sites of the Mindgeek group would start receiving cryptos, but only accepting XVG (Verge) for these payments. The problem is, that in some instances they called this partnership the “deal of the century”. The same Justin Sunarok, the main dev stated in a Youtube video that this partnership would change crypto in a really good way. He also stated that “it is going to be one of the biggest things that ever happened in crypto”. The video is shown below.

Their community of followers on Twitter also criticised the overhype of the campaign launched through all the internet; first to promote the crowdsourcing to reach the desired goal, and then for the announcement of the said partner. Some of the tweets following this line of thought are:

Now, it is known that Mindgeek is a big company and that this is a great deal indeed, but calling it the biggest thing in crypto seems just too much. And the market agrees with us. Moments after the reveal of this deal, the value of XVG was having a rise of 20%. But just moments after the announcement was made, the value plummeted more than 25 percent. The message seems clear: if you overhype it, you will pay the price for doing it later. And in the volatile world of crypto, where sentiment is king, much more.

Value of XVG

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Quarterback Star Tom Brady Breaks Internet After Showing Interest In Bitcoin

Tom Brady, the American athlete who is widely regarded as the “greatest” quarterback in NFL history is the latest celebrity to show interest in the world’s most valued cryptocurrency Bitcoin. Brady who has a massive Twitter following of 1.9 million…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report…