Crypto has not too long ago been urged as a repair for the woes well-liked 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 because of fee processors Visa and MasterCard making fee tougher for the corporate as a result of nature of its foremost content material. However it was clarified that it was in truth as a result of firm wanting traders since they’d been turned down as a result of 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 fans began suggesting that issues like this could possibly be averted with decentralized platforms and fee companies like cryptocurrencies. With Bitcoin main within the options 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 positioning of all pornographic content material. To this finish, America rapper Tyga has introduced that he plans to launch his personal platform that might be a direct competitor to OnlyFans. The platform the rapper plans to launch might be constructed on the Ethereum community.

Tyga Exits OnlyFans

Rapper Tyga had opened an OnlyFans account nearly a yr in the past. Tyga had been a powerful 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 announced 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 lower of earnings. Whereas additionally offering larger high quality viewing for the viewers. In line 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 characteristic but stays the truth that the platform is being constructed on the Ethereum community. The rapper appears to have listened to the options popping out of the market not too long ago and has run with this.

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Along with offering higher high quality and the next share of earnings, Myystar will even enable content material creators to promote NFTs on the platform, and in addition, options which can be related to the music trade. This may present content material creators the power to mint pornographic content material as a way to promote them off as NFTs.

Crypto total market cap chart from TradingView.com

Crypto complete market cap continues upward pattern | Supply: Crypto Total 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 advised Forbes that he wished to offer these individuals hope along 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 need to give these individuals hope,” Tyga stated.

The Myystar platform is scheduled to launch in October, following the ban of pornographic content material on OnlyFans occurring on October 1st. The positioning is presently up and is permitting creators to enroll forward of the launch.

Featured picture on Discotech, chart from TradingView.com





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