Nikolas Sargeant
The platform's design addresses the vulnerability creators face on centralized platforms like OnlyFans, where sudden policy changes can upend their livelihoods. By integrating social media, an NFT marketplace, and a scalable blockchain, Only1 empowers creators and fans alike.
Its native token, $LIKE, underpins a system where fans can invest, access, and earn from exclusive content. Only1's vision prioritizes fair compensation for creators through NFTs and decentralized finance (DeFi).
Creators on Only1 benefit from various revenue streams, including selling permanent memberships and earning 100% of subscription fees through peer-to-peer transactions. By sidestepping traditional payment processors, Only1 ensures creators receive a more substantial share of their earnings.
Furthermore, Only1 introduces staking mechanisms with LIKE tokens, allowing fans to earn rewards while supporting their favorite creators. This symbiotic approach contrasts with the parasitic dynamics prevalent on centralized platforms.
Disrupting OnlyFans with Crypto Innovation
Only1's funding, including investments from Animoca Brands and Newman Capital, totals $4.8 million, signaling confidence in its vision of a decentralized creator economy. Despite facing initial skepticism, Only1 boasts impressive adoption rates, with over 40,000 monthly active users and substantial merchandise sales facilitated through the platform.
While some creators, like Lucas Moreno, express interest in Only1's fee structure, there remains a need for education and trust-building within the crypto-skeptical community. However, Only1's early success and commitment to creator empowerment suggest a promising trajectory in reshaping the adult content industry.
