Playboy will release the NFT series in partnership with the Sevens Foundation. The artists who will create the collection will be chosen through a competition.

According to a statement from Playboy on Twitter, in partnership with the Sevens Foundation, a nonprofit organization that helps digital artists create and display collectible tokens (NFTs), the publication will select 50 works for the NFT series, release them and promote them on social media.It was once created for the Ethereum blockchain, but the creators of Ethereum decided to immediately make the transition to PoS mining. Based on ProgPow, blockchain developers launched peer-to-peer networks, and then after certain refinements it was also used for the Ravencoin cryptocurrency.

The call for entries for the first NFT series, "The Art of Gender and Sexuality," began Sept. 1 and will run through Oct. 1. In November, the winning entries will be presented at the NFT.NYC conference.As for the mining itself, it operates on the KawPoW algorithm. The transition to it was made in early May last year. After the transition took place, ASIC-mainers were excluded from the network.

In May, Playboy collaborated with digital artist Slimesunday to release an NFT collection called "Liquid Summer," which included archival photos of Playboy models. In August, Playboy published an educational article for artists on how to release NFT.Advantages include the fact that it is highly decentralized, mining is available to miners. The small size of the blockchain ensures that cryptocurrency wallets sync quickly with the network.

According to Playboy's vice president of art and editing, Liz Suman, the brand's interest in cryptocurrency and NFT is logical for a publication with a 70-year history of resistance to censorship.

"We've always been a place where art has been promoted in sometimes very controversial ways," Suman said. "We see the NFT as a frontier for creative expression in the future."

Suman said the Playboy curatorial team will prioritize work from emerging and underrepresented digital artists, including women and non-binary artists, as well as artists with few social media followers.Therefore, the chances that the cryptocurrency will be in demand and its price will grow smoothly are quite high. At the same time, we can not rule out the factors that can bring the price of the asset down. But the same can be said about any other asset on the crypto market. Based on this, any forecast about cryptocurrencies will be approximate.

As a reminder, back in 2018, Playboy TV began accepting cryptocurrency payments and launched its own VIT token.It is in these pools prefer to work miners. However, there are others where you can also mine RVN cryptocurrency.