Only1 Raises $5 Million to Develop Solana-Based OnlyFans Web3 Version


With the help of Newman Group, Only1 has raised $5 million in investment funds to develop an adult content platform on Solana that is a Web3 “clone of OnlyFans.”

Stay in the know on crypto by frequently visiting Crypto News Today

With a $1 billion portion of the $1.6 billion adult content market, OnlyFans is the leading platform; this move is intended to challenge them.

In order to benefit from the platform’s dominance, creators are required to pay a 20% fee on their earnings, which brings in billions of dollars for the company. Once a creator has gained a following, it can be challenging to leave the platform because their content, followers, and income are all linked to it.

CryptoCaster Quick Check:

The platform has previously received numerous threats. According to OnlyFans’ CEO, banks almost forced the company to remove all adult content from the platform in 2021.

This is an illustration of the current state of social media. Artists find themselves in a difficult situation whereby social media is necessary for the promotion of their work but does not adequately reward them for their labors.

Artists are at the mercy of centralized corporations that have the power to totally destroy the community they have created through the application of ever-changing rules and bans.


Crypto enthusiasts see a chance in these factors, as OnlyFans is a Web2 platform that is ready for disruption.

Crypto V2 of OnlyFans

Let me introduce Only1, an exclusive content service that addresses the two main issues facing adult content platforms: low trust and payment censorship. Only1 uses Solana as the settlement layer. According to Only1’s blog:

“Mixing social media, an NFT marketplace, a scalable blockchain, and the native token — $LIKE, Only1 offers fans a unique way of connecting with the creators they love. By using the Only1 platform, fans will have the ability to invest, access, and earn from the limited edition content created by the world’s largest influencers/celebrities, all powered by NFTs.” 

All of this is in line with Only1’s goal of rewarding involvement, which is as follows:

“With NFTs and DeFi, we aim to fully and proportionately embrace the creator’s economy and reward creators and fans.”

Only1 gives creators access to several revenue streams. Crucially, authors are able to market passes—permanent subscriptions that provide access to only their work. If there is a lot of demand, fans can choose to trade these on the platform for more money, with a 5% royalty going to the creators on each trade.

Furthermore, the peer-to-peer transaction model allows creators to keep 100% of subscription fees paid by fans, greatly increasing their earnings share by avoiding the need for traditional payment processors and banking partners.

Fans will be able to invest in, stake, and profit from content created by the biggest influencers in the world—all powered by NFTs—by utilizing the Only1 platform.


Only1’s native token LIKE, which rewards users and creators for their contributions to the platform, will make this possible. Additionally, fans who stake LIKE tokens in influencer-specific staking pools can earn interest on their coins. The creator and the fan split the staking rewards.

All of this is in line with Only1’s goal of fostering a symbiotic rather than parasitic relationship with fans, content creators, and the company.

Will Only1’s vision receive the necessary support?

To develop the future of a decentralized creator economy, Only1 has raised $3.5 million from venture capital firms, such as Animoca Brands (investor in Sandbox) and Newman Capital (lead investor in Memeland). The total now stands at $4.8 million after the most recent $1.3 million investment.

With over 40,000 active users on the platform each month, these investments have already shown to be worthwhile. Something that only seems to get bigger, as Only1 hinted at, with multiple creators joining in May who have a combined following of over 10 million.

Only1 has facilitated over $100K worth of merchandise sold through customer-to-customer trades, while spending zero dollars on creator acquisitions. The largest creator on the platform, Angelina, has made a net total of $21,000, demonstrating the enormous financial potential for both fans and creators.

Even though this adoption is encouraging, users of well-known platforms who are skeptical of cryptocurrencies are still hesitant. Lucas Moreno, a professional content creator for OnlyFans, was especially enticed by Only1’s assurance of a 0% fee on tips and subscriptions. anticipated difficulties, though, in persuading his fan base to switch to a new platform. Furthermore, Moreno said:

“Even if it’s a great idea, there’s a lot of education needed and a lot of demystifying and unlearning about things that might have gone wrong in other areas in crypto that might give a bad reputation to crypto.”

CryptoCaster™ steadfastly upholds its dedication to keeping our global audience well-informed about the ongoing adoption of blockchain technology, as well as the latest hurdles emerging from government-controlled fiat financial systems, banking conglomerates, and other major institutional entities. Our commitment extends to providing comprehensive updates and insights into how these developments affect the broader landscape of digital currencies, the potential regulatory impacts on blockchain innovations, and the evolving dynamics between traditional financial institutions and emerging cryptocurrency markets. By staying at the forefront of these critical issues, CryptoCaster™ aims to empower our audience with the knowledge needed to navigate the complex interplay of technology, regulation, and finance in the modern world. CRYPTOCASTER® - DECENTRALIZED FREEDOM! 

We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.

Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


You may also like