A startup named Only1, which is working on building an adult content platform using the Solana blockchain, has recently announced that they have secured a strategic investment of $1.3 million. The Newman Group is spearheading this funding round.
One: Only1 is thrilled to reveal a $1.3 million strategic funding, elevating our accumulated funds to $4.8 million. We’re eagerly working on creating the “OnlyFans on Solana” platform. With AI-enhanced tools, referral links, and confirmed creators boasting a collective following of over 10 million, we’re more than enthusiastic about what the future holds, especially in May 2024 and beyond.
— Only1 (@JoinOnly1) April 21, 2024
Among all, just one has managed to amass a grand total of $4.8 million through different financing stages. This innovative platform seeks to offer an engaging alternative to established adult content providers such as OnlyFans, charging creators a 20% commission on their revenues. Controversial discussions have swirled around this platform regarding the implementation of content regulations.
Only1 intends to offer a decentralized service that shields creators from censorship and imposes lower fees. The firm has revealed that content producers with a combined following of 10 million will be the next to sign up. Nevertheless, there are apprehensions regarding its approach to content moderation, which entails token owners deciding whether to take down flagged material.
Lucas Moreno, an expert in creating content for OnlyFans, showed enthusiasm towards Only1’s stance on defying censorship rules and its perk of zero fees for tips and subscriptions. Nevertheless, Moreno brought up potential difficulties, such as the necessity of teaching users about cryptocurrency and the possibility of marginalization faced by minority creators in a predominantly straight, feminine-majority platform.
One option for paraphrasing the given text could be: Adult content creators have greater control and cheaper options with Only1. However, the platform’s achievement hinges on cultivating a varied user base and instructing them about cryptocurrencies and blockchain tech.
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2024-04-22 10:44