OnlyFans jumps into NFT profile pictures

OnlyFans jumps into NFT profile pictures

Users can now use authenticated NFTs as profile photographs on OnlyFans, an online membership platform recognized for adult content, the company announced on Thursday. The startup, which is based in the United Kingdom and claims to have launched the functionality in December, joins Twitter and Reddit in exploring methods to incorporate digital tokens into their platforms. During the pandemic, OnlyFans, which was founded in 2016, exploded in popularity as a means for producers to make money by selling material directly to members. Non-fungible tokens (NFTs) are a sort of digital asset that can be found on the blockchain, which is a blockchain-based record-keeping system. People have been buying NFTs as art and films of sports highlights in the last year, and they’ve exploded in popularity. In a statement to Reuters, OnlyFans CEO Ami Gan said, “Our objective is to allow creators to realize their full potential.” “It’s the first step in figuring out what kind of role NFTs can play on our platform.” OnlyFans said it exclusively supports ethereum blockchain minted NFTs. The ethereum emblem would appear on the creators’ NFT profile photographs, indicating that they were genuine. YouTube, owned by Alphabet, commented on its own intentions for NFTs this week, stating that its video archive could be used to authenticate the integrity of digital assets. Scams, copyright theft, and other predatory activities are all too widespread, according to critics, despite the fact that NFT sales rose last year. Adam Mosseri, the CEO of Instagram, has also stated that the firm is working on NFTs. OnlyFans’ founder, Tim Stokely, said in December that he was stepping down as CEO and would be replaced by Gan, who had previously served as the company’s chief marketing officer.

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