OnlyFans Models Can Now Show Off Ethereum-Based NFTs
Subscription-based social media platform OnlyFans, whose users post mostly adult content, has made it possible to display non-fungible tokens (NFTs) minted on the Ethereum blockchain as profile pictures, according to a recent report published by Reuters.
The Ethereum logo on profile pictures serves as a sign of authenticity.
The company has been working on the new feature for the past two months, according to the report.
OnlyFans CEO Ami Gan says the rollout of NFT profile pictures is just the first step of his NFT journey:
This feature is the first step in exploring the role NFTs can play on our platform.
Social media website Twitter launched verified NFT profile pictures last month, but the feature is so far only available to subscribers to the company’s premium service.
Facebook and Instagram are also reportedly gearing up to launch a similar feature as Meta, the parent company, continues to push deeper into the metaverse.
OnlyFans, which debuted in 2016, banned sexually explicit content last August under pressure from credit card companies. Many believed the U-turn could help cryptocurrency-focused alternatives aboard a slew of creators betrayed by the ban. Many creators were on the brink of financial ruin because of one decision. However, the UK-based company quickly reversed its controversial policy change within the same month of getting the necessary guarantees.
A slew of adult video websites have already embraced cryptocurrencies. Pornhub started accepting the Verge cryptocurrency in April 2018. As reported by U.Today, Bitcoin and Litecoin were added to the website’s payment series in early September 2020.
While the adoption of crypto has been relatively slow within the porn industry, the fact that OnlyFans has jumped on the NFT train means that cryptocurrencies could become a staple in adult entertainment.