OnlyFans and YouTube announced the introduction of NFT technology

by in Cryptocurrency News

NFT

The content subscription service OnlyFans, which is very popular in the "adult entertainment" industry, is empowering its potential creators. According to an official statement from the developers, the startup has added a feature that allows you to set non-fungible tokens as a profile photo.

“We have begun to explore the possibilities of NFT technology for its further implementation in the functionality of our platform. We have allowed users to set their profile picture to an NFT product. For our part, this was only the first step towards a meeting in the "unknown". It is our responsibility to create all the necessary conditions for our users to reveal their talents and desires to the fullest,” said Ami Gan, CEO of OnlyFans.

Returning to the topic of “NFT avatars”, it must be emphasized that to implement this idea, the OnlyFans service had to enter into a partnership with the OpenSea API. Thus, it turns out that users will be able to set as a profile picture only those NFTs that were released based on the Ethereum blockchain. The authenticity of non-fungible tokens will be confirmed by the Ethereum logo - it will be displayed as a small sign directly on the “avatar” itself.

In this context, it is worth noting that as of August last year, there were 2 million content creators and about 130 million users registered on the OnlyFans platform.

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In addition, it has recently become known that YouTube also announced its intention to introduce innovative technologies to create new services.

Product Director Neil Mohan pointed out that blockchain technology and NFTs are a great way to bring content creators closer to their subscribers.

“In the future, creators will be able to allow their readers to own exclusive videos, photos, or artwork,” Mohan said.

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Not only OnlyFans but also the video hosting giant YouTube decided to radically change the policy of activity, improving their platforms as much as possible, using modern technologies.