My guess is that they paid for the partnership. Which I would call a bad investment. I'm sure they could've bought into other business sectors for that amount of money. Supposedly a small amount of that is paying for a Ledger integration too.
MindGeek is an absolutely huge business. So I mean, it could turn out to be a valuable partnership for Verge. But, I just am not sure how I feel about betting on the porn industry. :P
Agreed. It's an industry that is becoming easier to tap into for free. It's still crazy profitable, but will that stay the same?
I'm sure it will seeing how marriage and divorce rates are these days. :P I just don't know how that would translate to crypto though. Will customers switch to crypto to keep their info a bit more anonymous? That's the real question that will determine how much of an impact a partnership like this will have on Verge really. And will it hinder other companies interest in Verge in the future?