Only1 has raised $5 million to build an OnlyFans clone on Solana, but will creators join? | Headlines | News | CoinMarketCap

04/22/2024 06:25
Only1 has raised $5 million to build an OnlyFans clone on Solana, but will creators join? | Headlines | News | CoinMarketCap

The adult content platform OnlyFans, to crypto fans, seems like a Web2 company ripe for disruption. The platform charges a 20% fee on all creator …

The adult content platform OnlyFans, to crypto fans, seems like a Web2 company ripe for disruption. The platform charges a 20% fee on all creator earnings, generating billions in revenue for the company. A creator's content, followers, and earnings, though, are locked to the platform, meaning it's tough to leave once you've built a following. Plus, there was that time banks nearly forced OnlyFans to ban all adult content on the platform, according to its CEO. 

Enter Only1, which today announced a $1.3 million strategic raise led by Newman Group to create an OnlyFans-type adult content platform on Solana, bringing its total fundraising to $4.8 million. Only1 also teased a slate of creators which will soon be joining the platform with ten million followers shared between them. 

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