OnlyFans follows Twitter, introduces NFT profile footage

Who’d you suppose was going to follow Twitter by making NFT profile footage a factor? For those who guessed OnlyFans — the NSFW creator monetization platform that’s unusually making an attempt to clean up its image regardless of making bank — you win! Till you keep in mind that OnlyFans is doing NFT profile footage now, which suggests possibly nobody wins (apart from the intersection of people that each love crypto and in addition wish to compensate NSFW creators for his or her work?).

Per a report from Reuters, this characteristic has been within the works since December. TechCrunch was in a position to attain OnlyFans to substantiate the report.

On OnlyFans, solely NFTs minted on the Ethereum blockchain will likely be supported, and they are going to be denoted by an Ethereum icon. When customers click on on an NFT profile image, they may see extra details about the digital asset from OpenSea.

Newly put in OnlyFans CEO Ami Gan mentioned, “This characteristic is step one in exploring the function that NFTs can play on our platform.”

OnlyFans nearly banned NSFW content material from the platform final yr, which might have upended creators’ livelihoods — this information got here in mild of adjusting Mastercard and Visa rules. However OnlyFans walked back the choice after revealing that the modifications have been “now not required on account of banking companions’ assurances that OnlyFans can assist all genres of creators,” the corporate told TechCrunch on the time. Nonetheless, this was a wake-up name for OnlyFans creators that the platform may pull the rug out from below them, at any second, relying on the whims of bank card firms.

However the factor is, serving to intercourse employees keep a steady revenue is definitely not a foul use case for crypto. One former OnlyFans creator, Allie Rae, is now engaged on WetSpace, a crypto-centric OnlyFans various.

Not like a bank card firm, public blockchains can’t be altered on a whim to ban purchases of porn. Although, as we’ve seen, centralized itemizing marketplaces with sufficient momentum can scale back entry and market exercise on a selected form of token. In fact, crypto additionally poses obstacles for each followers and creators who might not wish to dabble within the risky, sometimes-scammy house. However regardless, by enabling NFT profile footage, OnlyFans may be making a gesture towards a future in crypto, which may imply a continued future within the porn enterprise. 

Together with Twitter and OnlyFans, Reddit has additionally examined an NFT profile image characteristic, whereas YouTube may be very publicly flirting with the thought.

“We imagine new applied sciences like blockchain and NFTs can enable creators to construct deeper relationships with their followers,” YouTube Chief Product Officer Neal Mohan wrote today, echoing Ami Gan’s statements to Reuters.

“Our mission is to empower creators to personal their full potential,” the OnlyFans CEO mentioned.

Replace, 2/10/22, 4:45 PM ET with affirmation from OnlyFans.

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