NEW ORLEANS—The Lood Company, a collection of adult movies and game studios, announces its latest acquisition of six adult cryptocurrencies: EROTICA, XXX, STAR, DICK, ANAL, and MODX.
This move is meant to consolidate its position in the underperforming adult decentralized finance (DeFi) sector while extending a stabilizing hand to faltering projects within the industry.
Founded on the principle of transparency and longevity, it self-reported its own operations and finances throughout 2021 and has expanded gradually since.
The Lood Company primarily operates as an R&D group dedicated to creating unique spaces for fans and adult content creators to interact online.
In a statement, its founder, Christon Johnson, said, "We started Lood to stabilize what has been a volatile adult cryptocurrency sector. Since stability underpins trust in these projects not just for potential investors but for merchants and performers too. All of whom, by the way, have been severely underserved by the technology behind decentralized finance to date."
The acquisition of EROTICA, XXX, STAR, DICK, ANAL, and MODX aligns with The Lood Company's mission to introduce a new era of reliability and resilience to the adult cryptocurrency market. The company is committed to offering stable custodianship to these projects, breathing new life into ventures that have faced challenges in recent times.
Christon was a technical lead and co-founder of Titcoin (TIT), which was known primarily for its catchy approach before undergoing its second acquisition on Sept. 5, 2018, and subsequent community merger with Tittiecoin (TTC).
