Crypto has lately been proposed as a solution to the problems that prominent adult content platform OnlyFans has been experiencing. Last Monday, the corporation declared that it would eliminate all of its pornographic content by October 1st. According to speculation, this was due to payment processors Visa and MasterCard making payment more difficult for the company due to the nature of its primary content. However, it was stated that it was owing to the company’s desire for investors, since they had been turned down due to the type of information they offer on their site.
This had sent a shiver up the spine of the community and the news globe. Crypto aficionados began to claim that decentralised platforms and payment systems, such as cryptocurrency, could help to avoid situations like this. With Bitcoin leading the way in terms of ideas for the sort of cryptocurrency to be utilised for this,
The corporation has not commented to any of this, appearing unwavering in its determination to rid the site of all pornographic information. To that end, American rapper Tyga has announced plans to launch his own platform, which will compete directly with OnlyFans. The rapper intends to build a platform based on the Ethereum network.
Rapper Tyga had opened an OnlyFans account almost a year ago. Tyga had been a strong advocate for the platform and had started a modeling agency, Too Raww, that was dedicated to helping content creators get started on OnlyFans. Following the ban on pornographic content, the rap star took to his Instagram to announce his exit from the platform.
The fact that Myystar is built on the Ethereum network is still its most notable feature. The rapper appears to have listened to recent market ideas and taken them on board.
Myystar will allow content creators to sell NFTs on the platform, as well as features relevant to the music industry, in addition to providing better quality and a higher percentage of earnings. Content creators will be able to mint pornographic content and sell it as NFTs as a result of this.
The OnlyFans prohibition on pornographic content has impacted a large number of sex workers and adult content developers. Tyga told Forbes that he wanted to use his platform to give these folks hope. “I know a lot of individuals make a lot of money on OnlyFans, and that’s where the majority of their revenue comes from. Tyga stated, “I want to offer those individuals hope.”
The Myystar platform is set to start in October, following the October 1st prohibition on pornographic content on OnlyFans. The website is currently operational, and creators can sign up ahead of the launch.