British adult content subscription platform OnlyFans has entered the cryptocurrency market, investing nearly $20 million in ETH in 2022. When a collectible token is set as an avatar, it will have an Etherium icon on it, confirming that the user owns NFT.
OnlyFans isn’t the first company to report losses in the cryptocurrency industry
About the author · Staff Reporter
Henrik Lindqvist
Henrik Lindqvist is our DeFi and on-chain reporter, splitting his time between Stockholm and London. A former software engineer at Klarna, he switched to journalism in 2021 and has since broken stories on MEV exploits, restaking risks and Layer-2 economics. Henrik writes the BTCNews weekly Layer-2 newsletter and has lectured on blockchain architecture at KTH Royal Institute of Technology.