OnlyFans Allows the Use of NFTs as Profile Pictures: Bored Apes or CryptoPunks to Satisfy Fans’ Needs?

Will the fans be happy to find out some weird-looking Bored Apes or CryptoPunks instead of a photo of their favourite creator?

OnlyFans has been a mainstay of the crypto information space for a while. Just a few months ago, the platform announced a ban on all adult content, but immediately changed its mind. However, the short lifespan between the announcements was enough for numerous crypto maxis to start developing alternative platforms based on blockchain.  

In relation to this, DailyCoin interviewed some of these creators to ask their opinions about switching to crypto platforms: You can read them here. 

Recently, OnlyFans announced that it would be allowing users to set verified NFTs minted on Ethereum as their profile pictures. Moreover, CEO Ami Gan mentioned that the feature represents the first step in exploring the role that NFTs could play for the platform. 

So far, however, the feature seems like nothing more than a flex. Although OnlyFans is a subscription platform, allowing any kind of interaction between creators and fans, it mainly gained traction as an NSFW and adult content platform.  

Hence, it has become a question of whether the fans will be happy to find the image of some weird-looking Bored Apes or CryptoPunks rather than a photo of their favourite creator! 

From another, equally important perspective, OnlyFans should be wary of its creators’ safety. It’s a common practice for pictures to be stolen from creators and shared as free resources.  

OnlyFans would be well advised to better consider how to decrypt the content and distribute it on blockchain in order to eliminate the possibility of content theft. At the very least it seems like a more obviously beneficial way of integrating blockchain technology into the platform.  

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Nazar Kuzmyn

Nazar Kuzmyn is an audience editor at DailyCoin, responsible for SEO aspects of the publication, long-form content, and the daily newsletter. He has experience in marketing copywriting and journalism, and his educational background includes a Bachelor's in International Relations and a Master's in Journalism and Media Industries. He currently lives in Vilnius, Lithuania, and enjoys attending live concerts and playing indie video games in his free time.