OnlyFans' Parent Company Reveals $20M Ether Investment 🔥
- Fenix International, the parent company of subscription platform #OnlyFans , purchased around $20 million worth of Ethereum between 2021 and 2022.
- Despite a decrease in the total value of the #Ethereum holdings by $8.5 million, the company's revenue surged by 16.6%.
- Revenues rose from $4.8 billion in 2021 to $5.6 #billion in 2022, despite the overall decline in crypto asset prices during the same period.
- OnlyFans, the #adult entertainment platform, also witnessed a 47% increase in creators and a 27% increase in subscribers.
- The company had previously engaged with digital assets: verified creators were allowed to upload Ethereum-based #NFTs in February 2022, and former executives launched the Ethereum-based celebrity trading card platform Zoop in June 2022.
