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OnlyFans creators are leveraging the cryptocurrency boom to achieve financial freedom.
In today's digital age, income avenues for content creators are constantly evolving. Platforms like OnlyFans have opened up new ways for individuals to monetize their exclusive content. However, recently, content creators have been showing a growing interest in cryptocurrencies.With the rise of cryptocurrencies, content creators are seeing a new opportunity for income and independence. Here are some key points highlighting the interest of OnlyFans content creators in cryptocurrency:Payment Privacy:Platforms like OnlyFans offer a level of privacy when it comes to receiving payments. However, cryptocurrencies can take this privacy to the next level. Cryptocurrencies like Bitcoin allow payments to be made without disclosing personal information.Escape from Third-Party Commissions: Many content creators are tired of paying high commissions to platform providers. Cryptocurrencies have the potential to eliminate these third-party commissions, providing content creators with more revenue.Enhanced Connection with Fans:Cryptocurrencies can strengthen the connection between content creators and their fans. Especially when fans make payments in cryptocurrencies in exchange for exclusive content or interactions, it can create a more personal and private relationship.Expanding Expression with Crypto: Content creators can use cryptocurrencies as part of their branding. Special tokens or Non-Fungible Tokens (NFTs) can offer unique experiences for fans and allow content creators to create more value.However, these opportunities that come with cryptocurrencies also carry risks. Factors like price volatility and security concerns need to be carefully considered by content creators. Additionally, regulatory and tax considerations related to cryptocurrencies should not be overlooked.OnlyFans content creators view cryptocurrencies as a new income source and a means to gain more control. But it's important to plan and implement this change carefully because cryptocurrencies come with a complex ecosystem and risks.#OnlyFans #ETH $ETH #web3 #Ethereum #ETH
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Declining ETH #prices negatively impact investment by Fenix International Limited
according to on-chain analyst Ember, as of November 30, 2022, the parent company of #OnlyFans , Fenix International Limited, held a book value of $11.434 million worth of #ETH With the ETH #price at approximately $1,270 on that day, it is estimated that the company #holds around 9,000 ETH.
$ETH
Declining ETH #prices negatively impact investment by Fenix International Limited
according to on-chain analyst Ember, as of November 30, 2022, the parent company of #OnlyFans , Fenix International Limited, held a book value of $11.434 million worth of #ETH With the ETH #price at approximately $1,270 on that day, it is estimated that the company #holds around 9,000 ETH.
$ETH
The parent company of the content subscription service OnlyFans, Fenix International, invested $19.9 million in #Ethereum from 2021 to 2022.
As of the end of November of the previous year, the company reported an unrealized loss of $8.46 million on its Ethereum holdings. At that time, Ethereum's price had dropped to $1,217, reducing the initial investment to $11.43 million. The document states, "There are no restrictions on the Group's ability to sell cryptocurrency assets."
#OnlyFans was launched in 2016. In 2022, the number of content creators increased by 47% to 2.16 million, and the number of subscribers grew by 27% to 188 million. The platform's revenue increased from $4.8 billion to $5.6 billion, and pre-tax profit increased from $433 million to $525 million.
In February 2023, OnlyFans added support for #NFTs, allowing users to set non-fungible tokens as profile avatars.
Later, two former executives of OnlyFans, Tim Stokely and RJ Phillips, announced the creation of the Zoop platform for trading celebrity-themed gaming NFT cards.
On August 21, the daily transaction fees on the #Web3 social network Friend.Tech surged to $1.4 million, ranking third after Ethereum and #Lido. $ETH
As of the end of November of the previous year, the company reported an unrealized loss of $8.46 million on its Ethereum holdings. At that time, Ethereum's price had dropped to $1,217, reducing the initial investment to $11.43 million. The document states, "There are no restrictions on the Group's ability to sell cryptocurrency assets."
#OnlyFans was launched in 2016. In 2022, the number of content creators increased by 47% to 2.16 million, and the number of subscribers grew by 27% to 188 million. The platform's revenue increased from $4.8 billion to $5.6 billion, and pre-tax profit increased from $433 million to $525 million.
In February 2023, OnlyFans added support for #NFTs, allowing users to set non-fungible tokens as profile avatars.
Later, two former executives of OnlyFans, Tim Stokely and RJ Phillips, announced the creation of the Zoop platform for trading celebrity-themed gaming NFT cards.
On August 21, the daily transaction fees on the #Web3 social network Friend.Tech surged to $1.4 million, ranking third after Ethereum and #Lido. $ETH
1inch Investment Fund’s $10M Ether Purchase 💰
The #1inch Investment Fund's crypto wallet recently acquired a significant amount of Ether, buying 6,088 #ETH for over $10 million.
This follows their profitable moves earlier in the year when they purchased 17,000 ETH and later sold 11,000 ETH for a profit of $3.7 million.
The wallet currently holds about $80 million in various digital assets. In contrast, another crypto trader sold $41 million of ETH before a market downturn, while Fenix International, the parent company of #OnlyFans , saw its $20 million ETH investment drop to $8.5 million by November 2022.
#Binance
#crypto2023
The #1inch Investment Fund's crypto wallet recently acquired a significant amount of Ether, buying 6,088 #ETH for over $10 million.
This follows their profitable moves earlier in the year when they purchased 17,000 ETH and later sold 11,000 ETH for a profit of $3.7 million.
The wallet currently holds about $80 million in various digital assets. In contrast, another crypto trader sold $41 million of ETH before a market downturn, while Fenix International, the parent company of #OnlyFans , saw its $20 million ETH investment drop to $8.5 million by November 2022.
#Binance
#crypto2023
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Already traded on Solfare,To join its whitelist 👇
https://superfans.tech?ref=K6ZxEoPCwm
STEPS
You need to download and connect "solfare wallet" / twitter / gmail to claim its whitelist.
Airdrop will be announced on 14 Feb24 but already traded on Solfare
This Post was not sponsored. Remember to Do Your Own Research (DYOR). Explore and verify the potential benefits and offerings of Only Fans to make informed decisions on your crypto mining journey. Your participation matters in shaping the success of this innovative project!
#Write2Earn #$FAN #OnlyFans
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.
$ETH
- 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.
$ETH
