Only1 has raised nearly $5 million in investment funds to create a Web3 “OnlyFans clone” adult content platform on Solana. The 18+ industry is moving to blockchain for the benefit of content creators.
Only1 Counters OnlyFans: A New Era of Adult Content on Blockchain
Only1, an adult content platform based on Web3, has captured investor attention by raising nearly $5 million to create an “OnlyFans clone” on the Solana blockchain. This move is aimed at overcoming dependency on OnlyFans, the dominant platform in the adult content industry, which accounts for $1 billion of the industry’s total worth of $1.6 billion.
Founded in 2016, OnlyFans quickly gained popularity with its subscription model, allowing users to pay for exclusive content from various creators. Despite its popularity among users, the platform also faces criticism for high commission fees of 20% on creators’ revenues and for its policies that can limit the types of content, especially following pressure from payment systems in 2021 that almost led to a ban on adult content on the platform.
In response to these and other issues, Only1 offers an alternative approach using Solana blockchain technology to create a more transparent and efficient content economy. Only1 provides content creators with unique earning opportunities and audience engagement through NFTs and DeFi, offering them a greater share of revenues and the ability to manage their finances independently without intermediaries.
Only1 introduces innovative monetization mechanisms, such as the sale of exclusive “passes” that allow access to unique content. These passes can be resold on the secondary market, creating opportunities for speculation and increasing user engagement. Additionally, creators can receive 100% of subscription revenue, bypassing traditional payment systems and bank fees.
Only1 is actively developing its ecosystem, providing a platform for interaction between fans and creators through decentralized financial instruments and NFTs. This not only improves the working conditions for content creators but also promotes the creation of a decentralized and fair creative economy.
Thus, Only1 offers a new model for the adult content industry that can provide fairer terms and more opportunities for creators and their fans, focusing on blockchain technology and digital innovation in rights protection and content monetization.
