Web3 Positive factors Reputation Amongst OnlyFans and Patreon Creators Over Fee Worries

Supply: AdobeStock / Jesse

Grownup content material creators are more and more turning to decentralized options to platforms like OnlyFans and Patreon amid cost challenges and the fixed worry of being de-platformed.

These creators are discovering solace within the promising potential of Web3 expertise, which guarantees better management and monetary safety.

Based on Leon Lee, the founder and CEO of Only1, a decentralized model of OnlyFans, an influence shift is happening from intermediaries to content material creators, because of Web3. 

“The function of intermediaries is diminishing whereas the function and earnings of creators are growing,” Lee stated in a latest interview. 

He claimed that the shift is pushed by the need to beat the obstacles confronted on conventional platforms.

Again in August, Patreon confronted difficulties when creators encountered points withdrawing their earnings on account of funds being flagged as fraudulent by banks. 

Moreover, OnlyFans made headlines in 2021 when it tried to ban sexually specific content material, solely to reverse the choice shortly after. 

Such incidents spotlight the dangers creators face on centralized platforms that depend on conventional cost techniques.

Lee stated that content material creators will at all times be susceptible to de-platforming so long as they continue to be on centralized platforms. 

To really maximize their incomes potential and safeguard in opposition to censorship, he advocated for the adoption of decentralized platforms that leverage blockchain expertise. 

Content material Creators Flock to Decentralized Alternate options

Only1, launched on the Solana blockchain in March 2023 with the assist of Animoca Manufacturers, is only one instance of startups providing a decentralized crypto-centric method to grownup subscription platforms.

Different platforms have additionally emerged on this house. 

WetSpace, a crypto-powered grownup content material platform, was created by OnlyFans mannequin Allie Rae in 2022 as an alternative choice to centralized platforms. 

Platforms corresponding to Proof of Peach, SEXN, and Keyhole are additionally working within the Web3 house, catering to grownup leisure creators.

Extra just lately, creators on OnlyFans have been exploring Pal.tech, a decentralized social media platform constructed on Coinbase’s layer-2 community Base.

Lee predicted {that a} mass migration of creators would happen as extra people change into disillusioned with the censorship guidelines imposed by centralized intermediaries. 

“Creators are already waking as much as the actual fact and have gotten much less depending on intermediaries to monetize,” he stated. 

Whereas TV producers, advertisers, and types will nonetheless play a task within the creator financial system, Lee famous {that a} peer-to-peer cost infrastructure based mostly on blockchain is the logical subsequent step.

“That is the inevitable future and the unrealized potential of blockchain expertise.” 

As reported, regardless of the setbacks attributable to the 2022 crypto crash, Web3 continues to intrigue entrepreneurs, significantly within the activewear and luxurious model sectors. 

Firms like Nike and Adidas had been early adopters, integrating blockchain expertise into loyalty applications and constructing communities round it. 

Nike’s .Swoosh group, launched in November 2022, permits members to have interaction in on-line and real-world activations, work together with Nike athletes and creatives, and use digital Nike gear in video games. 

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