2 years ago
The fashionable video subscription level OnlyFans says it donated 500 ETH (roughly $1.3 million) to UkraineDAO, a decentralized autonomous enactment raising funds to enactment Ukraine during its warfare against Russia.
A typical of OnlyFans told CoinDesk the donation is simply a portion of the company’s larger charitable effort to enactment Ukraine, led by OnlyFans’ Ukrainian-American proprietor Leonid Radvinsky.
The institution says it has present sent implicit $5 cardinal to assorted humanitarian efforts supporting the country, with an further $1 cardinal donation planned to beryllium sent March 15.
“These tragic events person had a unspeakable interaction connected individuals including members of our creator community,” Ami Gan, CEO of OnlyFans, said successful a statement. “Given our beardown idiosyncratic ties to Ukraine, we wanted to enactment successful a mode which felt existent to who we are astatine OnlyFans and which focused connected getting assistance and enactment to the Ukrainian people.”
UkraineDAO has been a starring crypto contributor to Ukraine’s authorities successful caller weeks, which has present received implicit $50 cardinal successful crypto donations since tweeting out its ether (ETH) and bitcoin (BTC) addresses successful February.
The DAO was formed by Russian creation corporate Pussy Riot and non-fungible token (NFT) workplace Trippy Labs, with its largest azygous donation coming from a $6.5 cardinal crowdfunded NFT sale connected March 2, to which OnlyFans’ 500 ETH donation contributed.
At the constituent that OnlyFans made the 500 ETH donation, the DAO was stalled astatine astir fractional of the 1,000 ETH reserve amount, a typical said. The OnlyFans donation pushed the magnitude implicit the top, and from that constituent on, much donations began to heap in.
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