Picture of American rapper Tyga building OnlyFans competitor

Crypto has not too long ago been advised as a repair for the woes widespread grownup content material platform OnlyFans has been going by way of. The corporate had introduced final week that it deliberate to take away all of its grownup content material by October first. Speculations had been that this was attributable to fee processors Visa and MasterCard making fee more durable for the corporate as a result of nature of its foremost content material. But it surely was clarified that it was in actual fact as a result of firm wanting buyers since that they had been turned down as a result of kind of content material they host on their web site.

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This had despatched a shockwave by way of the neighborhood and the information world. Crypto fanatics began suggesting that issues like this may very well be prevented with decentralized platforms and fee providers like cryptocurrencies. With Bitcoin main within the solutions for the kind of crypto for use for this.

The corporate has not responded to any of this, seemingly steadfast in its resolve to purge the positioning of all pornographic content material. To this finish, America rapper Tyga has introduced that he plans to launch his personal platform that will probably be a direct competitor to OnlyFans. The platform the rapper plans to launch will probably be constructed on the Ethereum community.

Tyga Exits OnlyFans

Rapper Tyga had opened an OnlyFans account nearly a 12 months in the past. Tyga had been a powerful advocate for the platform and had began a modeling company, Too Raww, that was devoted to serving to content material creators get began on OnlyFans. Following the ban on pornographic content material, the rap star took to his Instagram to announce his exit from the platform.

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Tyga introduced that he had deleted his account on the platform and he was launching his personal OnlyFans competitor, Myystar, which would offer content material creators extra freedom and a greater reduce of earnings. Whereas additionally offering larger high quality viewing for the viewers. In accordance with the press launch, Myystar will solely take 10% off creators’ earnings in comparison with the 20% on OnlyFans.

Constructing With A Crypto Spine

Myystar’s most hanging characteristic but stays the truth that the platform is being constructed on the Ethereum community. The rapper appears to have listened to the solutions popping out of the market not too long ago and has run with this.

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Along with offering higher high quality and the next share of earnings, Myystar will even enable content material creators to promote NFTs on the platform, and likewise, options which might be related to the music business. This can present content material creators the flexibility to mint pornographic content material in an effort to promote them off as NFTs.

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A numerous variety of intercourse employees and grownup content material creators have been affected by the OnlyFans ban on pornographic content material. Tyga advised Forbes that he needed to offer these individuals hope together with his platform. “I understand how many individuals make some huge cash on OnlyFans, and that’s the place most of their income is at. I need to give these individuals hope,” Tyga mentioned.

The Myystar platform is scheduled to launch in October, following the ban of pornographic content material on OnlyFans taking place on October 1st. The positioning is at present up and is permitting creators to enroll forward of the launch.

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