OnlyFans, Patreon models turn to Web3 amid payment and censorship fears

Adult contented creators person continued to displacement towards decentralized versions of OnlyFans and Patreon, aft caller outgo difficulties and the ever-present menace of being de-platformed.

Leon Lee, laminitis and CEO of Only1 — a decentralized mentation of OnlyFans — tells Cointelegraph determination has been a caller powerfulness displacement from intermediaries to contented creators, acknowledgment to Web3.

“The relation of intermediaries are diminishing portion the relation and net of creators are increasing,” said Lee.

In August, creators connected Patreon reported having difficulties withdrawing their net from the level arsenic payments were being flagged arsenic fraudulent by banks.

I told the recognition paper institution the complaint was valid, fine. Patreon sent an email saying "click present to update your payment" and that nexus goes to a 404 error. My database of supported creators is gone, I person to effort to retrieve who I was supporting - determination is thing connected the tract 2/

— Jason Pargin, writer of John Dies astatine the End, etc (@JasonKPargin) August 2, 2023

Many contented creators besides haven’t apt forgotten erstwhile OnlyFans tried to prohibition sexually explicit contented successful 2021, lone to reverse the determination days later.

Speaking to this, Lee argues that creators volition ever beryllium astatine hazard of being deplatformed arsenic agelong arsenic they enactment connected centralized platforms utilizing accepted outgo rails.

“Creators are inactive astatine hazard of being deplatformed and are not realizing their afloat earning potential.”

Only1 was launched connected the Solana blockchain successful March 2023 — backed by Animoca Brands. However, the level is conscionable 1 retired of galore startups looking to seizure the magic of big subscription platforms with a decentralized crypto twist.

— Only1 (@JoinOnly1) August 22, 2023

In 2022, OnlyFans exemplary Allie Rae created a crypto-powered big contented level WetSpace, arsenic an alternate to OnlyFans.

Rae told Cointelegraph successful December 2022 that she created the level to circumvent the payment pressures that creators connected platforms similar OnlyFans were receiving from banks:

“I started to fig retired that the banks truly were mostly successful portion the driving unit down immoderate of those decisions that platforms were having to make. And truthful that people led to me: How bash you get escaped of the banks? And crypto came retired similar a knight successful shining armor.”

More recently, creators connected OnlyFans started flocking to Friend.tech, a caller decentralized societal media level built connected Coinbase’s layer-2 web Base.

gm web3. im shaking rn officially 1 / 292 FT girl@friendtech erstwhile merch? i'll stone it. pic.twitter.com/Qm84AajCWt

— gracie♡ (@ilovegraciexo) September 4, 2023

Lee believes a wide migration lawsuit volition hap erstwhile much creators recognize they don’t privation to beryllium shackled by censorship rules imposed by a centralized intermediary.

“Creators are already waking up to the information and are becoming little babelike connected intermediaries to monetize,” Lee said.

He acknowledged that TV producers, advertisers and brands volition support a marketplace stock successful the creator economy, but said a existent peer-to-peer outgo infrastructure similar blockchain is the “next logical step” for creators:

“By removing the dependency connected accepted outgo processors, a web3 level and its assemblage tin person afloat autonomy implicit the types of contented allowed,” helium said, adding:

Since the OnlyFans big contented censorship, creators person been creating ‘backup accounts’ connected antithetic platforms owed to specified deplatform risk.”

Proof of Peach, SEXN and Keyhole are 3 different big amusement platforms moving successful the Web3 space.

Related: DuckSquad — First decentralized task superior NFT launches connected Only1

Lee believes much creators volition yet flock to decentralized platforms that supply them with “full autonomy” implicit their contented and afloat ownership rights to the wealth they make:

“It is an inevitable aboriginal wherever determination volition nary longer beryllium immoderate intermediaries betwixt fans and creators — this is an evident but unrealized imaginable of blockchain technology.”

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