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UK-Based Adult Content Streaming Platform OnlyFans Offers Non-Fungible Token (NFT) Profile Picture Feature

2022-02-11 11:33:20

Following Twitter’s announcement, one more social network seeks to maximize creator gains by integrating non-fungible token (NFT) capabilities into its platform. Amrapali "Ami" Gan, OnlyFans' CEO, commented in a statement to Reuters that the online subscription platform known for adult content will enable creators to make nonfungible token, or NFT, profile pictures.

"Our mission is to empower creators to own their full potential. This feature is the first step in exploring the role that NFTs can play on our platform." OnlyFans will only support NFTs minted on the Ethereum (ETH) blockchain and that an Ethereum icon next to the NFT profile picture would signal authenticity, as claimed by Reuters.

According to the company, OnlyFans introduced the feature in December when Gan, the newly-appointed CEO, took over. Upon assuming the role, Gan said in a statement that the platform shows its commitment to safety "by blending state of the art technology with creative capital."

OnlyFans follows Twitter in introducing NFT profile pictures to its platform. Reddit has also reportedly been testing out NFT profile pictures, while YouTube has stated that NFTs offer "a compelling prospect for creators and their audiences."

(Article Courtesy of CoinTelegraph)

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