As a response to payment issues and censorship concerns, adult content creators have been increasingly moving towards decentralized alternatives to platforms like OnlyFans and Patreon. These concerns include difficulties in withdrawing earnings from platforms like Patreon due to payment issues flagged by banks, as well as the risk of being deplatformed, as experienced when OnlyFans attempted to ban sexually explicit content in 2021.
One such decentralized platform is Only1, a decentralized version of OnlyFans, launched on the Solana blockchain in March 2023. It aims to shift the power from intermediaries to content creators, allowing them to have more control over their earnings and content. Other startups like WetSpace and Friend.tech have also emerged as crypto-powered alternatives for adult content creators.
Leon Lee, the CEO of Only1, believes that more creators will migrate to decentralized platforms as they seek autonomy over their content and income, reducing their reliance on intermediaries and traditional payment processors. He sees blockchain technology as the key to unlocking the potential for creators to have more control and ownership over their work and earnings.
This shift towards decentralized platforms reflects a broader trend in the creator economy, where creators are looking for alternatives that offer more financial control and fewer censorship restrictions.