Creators Turn to Decentralized Platforms Amid Payment Challenges and Censorship Fears
Adult content creators are seeking alternatives to platforms like OnlyFans and Patreon due to payment issues and the constant threat of being de-platformed. They are finding hope in Web3 technology, which offers greater control and financial security.
Leon Lee, the founder and CEO of Only1, a decentralized version of OnlyFans, believes that there is a shift happening from intermediaries to content creators thanks to Web3. He states that intermediaries’ role is diminishing while creators’ earnings and influence are increasing.
Traditional platforms have faced problems in the past. Patreon creators had difficulty withdrawing earnings due to banks flagging payments as fraudulent. OnlyFans also faced backlash when they attempted to ban explicit content before reversing the decision.
Lee argues that as long as creators remain on centralized platforms, they will always be vulnerable to de-platforming. To maximize their earnings and protect against censorship, he encourages the adoption of decentralized platforms that utilize blockchain technology.
Content Creators Embrace Decentralized Alternatives
Only1, launched on the Solana blockchain with Animoca Brands’ support, is an example of a startup offering a decentralized approach to adult subscription platforms. Other platforms like WetSpace, Proof of Peach, SEXN, Keyhole, and Friend.tech have also emerged in this space, catering to adult entertainment creators.
Lee predicts that there will be a mass migration of creators as more individuals become disillusioned with censorship rules imposed by centralized intermediaries. He believes that a peer-to-peer payment infrastructure based on blockchain is the logical next step for the creator economy.
The Potential of Web3 Technology
Despite setbacks caused by the 2022 crypto crash, Web3 continues to intrigue marketers, especially in the activewear and luxury brand sectors. Companies like Nike and Adidas have integrated blockchain technology into loyalty programs and built communities around it.
Nike’s .Swoosh community, launched in November 2022, allows members to engage in online and real-world activities, interact with Nike athletes and creatives, and use virtual Nike gear in games.
Hot Take: Decentralized Platforms Empower Adult Content Creators
Adult content creators are increasingly turning to decentralized platforms due to payment challenges and the fear of censorship on centralized platforms. Web3 technology offers them greater control over their content and financial security. By leveraging blockchain technology, creators can maximize their earning potential while minimizing the risk of de-platforming. Startups like Only1, WetSpace, Proof of Peach, SEXN, Keyhole, and Friend.tech are providing decentralized alternatives that cater to adult entertainment creators. As more individuals become dissatisfied with the censorship rules imposed by intermediaries, a mass migration of creators is expected. The integration of blockchain technology into loyalty programs by brands like Nike and Adidas further highlights the potential of Web3 in empowering creators in various industries.
By
By
By
By