Picture of American rapper Tyga building OnlyFans competitor

Crypto has not too long ago been urged as a repair for the woes common grownup content material platform OnlyFans has been going by way of. The corporate had introduced final week that it deliberate to take away all of its grownup content material by October first. Speculations have been that this was as a result of fee processors Visa and MasterCard making fee more durable for the corporate because of the nature of its foremost content material. However it was clarified that it was the truth is because of the firm wanting buyers since that they had been turned down because of the kind of content material they host on their website.

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This had despatched a shockwave by way of the group and the information world. Crypto fanatics began suggesting that issues like this might be averted with decentralized platforms and fee companies like cryptocurrencies. With Bitcoin main within the recommendations 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 location of all pornographic content material. To this finish, America rapper Tyga has introduced that he plans to launch his personal platform that can be a direct competitor to OnlyFans. The platform the rapper plans to launch can be constructed on the Ethereum community.

Tyga Exits OnlyFans

Rapper Tyga had opened an OnlyFans account virtually a 12 months 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 introduced that he had deleted his account on the platform and he was launching his personal OnlyFans competitor, Myystar, which would offer content material creators extra freedom and a greater minimize of earnings. Whereas additionally offering increased high quality viewing for the viewers. In accordance 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 placing characteristic but stays the truth that the platform is being constructed on the Ethereum community. The rapper appears to have listened to the recommendations 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 a better proportion of earnings, Myystar can even permit content material creators to promote NFTs on the platform, and likewise, options which might be related to the music trade. This can present content material creators the flexibility to mint pornographic content material to be able to promote them off as NFTs.

Crypto total market cap chart from TradingView.com

Crypto complete market cap continues upward pattern | Supply: Crypto Whole 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 instructed Forbes that he needed to offer these folks hope together 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 folks 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 location is at present up and is permitting creators to enroll forward of the launch.

Featured picture on Discotech, chart from TradingView.com

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