Verge (XVG) Gains Gaming Partnership, Team Not Worried About Price Drop
The Verge community tries to keep on track, as the Mindgeek partnership caused controversy.
Verge (XVG) remains a project with a mission, led onward by a few prominent figures. Beyond Justin Vendetta, a.k.a. Sunerok, the lead developer of the project, another prominent figure, XVGWhale, also works to popularize the project. Curiously, the XVG market price is starting to bounce again after the loss on the Asian markets. XVG is still the second most traded asset on Binance.
XVG rose in the past hours to around $0.07, but buying happens on much lower volumes compared to the rapid-fire selling of the past 24 hours, when the price peaked above $0.10.
Recently, XVGWhale announced a gaming partnership, where a startup dealt away with the ICO idea, instead opting for using XVG in its gaming ecosystem.
More will be known about the game ecosystem in the coming weeks, but there is already an idea for the integration of the XVG asset:
In the coming days, the effects of the large-scale XVG partnership should be felt, as well as the marketing campaign taken up by the adult site. It is possible that the selling spree on the open markets was caused due to the relatively high XVG price, leading to trades to realize profits.
Some believe the acceptance of XVG on PornHub as a means of payment would be good for the world of crypto in general, since this is another use case where a digital asset is used as a form of payment.
According to the Verge social media, the Mindgeek parent company of the largest adult site on the Internet approached XVG first. The controversial crowdfunding campaign, which gathered 75 million XVG coins, was a condition to be fulfilled - Mindgeek wanted to be convinced the Verge project had enough of a community and partnership support. However, most of the funds were matched by TokenPay, and the community effort alone gathered less than one third of the required coins.
Mindgeek has also given indications that it may add XVG payments to other sites within its portfolio.
The Verge team believes that the PornHub case is, in fact, positive for pointing out the coin’s anonymous features. Other use cases for the future may include medical marijuana, or other sensitive payments where confidentiality is preferred.