Crypto has recently been suggested as a fix for the woes popular adult content platform OnlyFans has been going through. The company had announced last week that it planned to remove all of its adult content by October first. Speculations were that this was due to payment processors Visa and MasterCard making payment harder for the company due to the nature of its foremost content. But it was clarified that it was in fact due to the company wanting investors since they had been turned down due to the type of content they host on their site.
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This had sent a shockwave through the community and the news world. Crypto enthusiasts started suggesting that things like this could be avoided with decentralized platforms and payment services like cryptocurrencies. With Bitcoin leading in the suggestions for the type of crypto to be used for this.
The company has not responded to any of this, seemingly steadfast in its resolve to purge the site of all pornographic content. To this end, America rapper Tyga has announced that he plans to release his own platform that will be a direct competitor to OnlyFans. The platform the rapper plans to launch will be built on the Ethereum network.
Tyga Exits OnlyFans
Rapper Tyga had opened an OnlyFans account almost a year ago. Tyga had been a strong advocate for the platform and had started a modeling agency, Too Raww, that was dedicated to helping content creators get started on OnlyFans. Following the ban on pornographic content, the rap star took to his Instagram to announce his exit from the platform.
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Tyga announced that he had deleted his account on the platform and he was launching his own OnlyFans competitor, Myystar, which would provide content creators more freedom and a better cut of earnings. While also providing higher quality viewing for the audience. According to the press release, Myystar will only take 10% off creators’ earnings compared to the 20% on OnlyFans.
Building With A Crypto Backbone
Myystar’s most striking feature yet remains the fact that the platform is being built on the Ethereum network. The rapper seems to have listened to the suggestions coming out of the market recently and has run with this.
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In addition to providing better quality and a higher percentage of earnings, Myystar will also allow content creators to sell NFTs on the platform, and also, features that are relevant to the music industry. This will provide content creators the ability to mint pornographic content in order to sell them off as NFTs.
Crypto total market cap continues upward trend | Source: Crypto Total Market Cap on TradingView.com
A countless number of sex workers and adult content creators have been affected by the OnlyFans ban on pornographic content. Tyga told Forbes that he wanted to give these people hope with his platform. “I know how many people make a lot of money on OnlyFans, and that’s where most of their revenue is at. I want to give those people hope,” Tyga said.
The Myystar platform is scheduled to launch in October, following the ban of pornographic content on OnlyFans happening on October 1st. The site is currently up and is allowing creators to sign up ahead of the launch.
Featured image on Discotech, chart from TradingView.com
Crypto has just lately been steered as a repair for the woes widespread grownup content material platform OnlyFans has been going by. The corporate had introduced final week that it deliberate to take away all of its grownup content material by October first. Speculations had been that this was as a result of cost processors Visa and MasterCard making cost tougher for the corporate because of the nature of its foremost content material. But it surely was clarified that it was in truth because of the firm wanting buyers since that they had been turned down because of the kind of content material they host on their web site.
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This had despatched a shockwave by the neighborhood and the information world. Crypto fanatics began suggesting that issues like this may very well be averted with decentralized platforms and cost providers like cryptocurrencies. With Bitcoin main within the solutions for the kind of crypto for use for this.
The corporate has not responded to any of this, seemingly steadfast in its resolve to purge the location of all pornographic content material. To this finish, America rapper Tyga has introduced that he plans to launch his personal platform that can be a direct competitor to OnlyFans. The platform the rapper plans to launch can be constructed on the Ethereum community.
Tyga Exits OnlyFans
Rapper Tyga had opened an OnlyFans account virtually a yr in the past. Tyga had been a robust advocate for the platform and had began a modeling company, Too Raww, that was devoted to serving to content material creators get began on OnlyFans. Following the ban on pornographic content material, the rap star took to his Instagram to announce his exit from the platform.
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Tyga introduced that he had deleted his account on the platform and he was launching his personal OnlyFans competitor, Myystar, which would supply content material creators extra freedom and a greater minimize of earnings. Whereas additionally offering larger high quality viewing for the viewers. In keeping with the press launch, Myystar will solely take 10% off creators’ earnings in comparison with the 20% on OnlyFans.
Constructing With A Crypto Spine
Myystar’s most putting function but stays the truth that the platform is being constructed on the Ethereum community. The rapper appears to have listened to the solutions popping out of the market just lately and has run with this.
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Along with offering higher high quality and the next share of earnings, Myystar may even enable content material creators to promote NFTs on the platform, and in addition, options which are related to the music trade. It will present content material creators the power to mint pornographic content material with a purpose to promote them off as NFTs.
Crypto whole market cap continues upward pattern | Supply: Crypto Whole Market Cap on TradingView.com
A numerous variety of intercourse staff and grownup content material creators have been affected by the OnlyFans ban on pornographic content material. Tyga informed Forbes that he needed to offer these individuals hope together with his platform. “I understand how many individuals make some huge cash on OnlyFans, and that’s the place most of their income is at. I wish to give these individuals hope,” Tyga mentioned.
The Myystar platform is scheduled to launch in October, following the ban of pornographic content material on OnlyFans taking place on October 1st. The location is at present up and is permitting creators to enroll forward of the launch.
Featured picture on Discotech, chart from TradingView.com