OnlyFans’ parent company bought $20M of Ethereum as revenue surged
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The parent company of subscription platform OnlyFans has become the latest firm to reveal its cryptocurrency holdings, showing it invested nearly $20 million into Ether (
Its crypto investment isn’t the first time the company and its executives have ventured into the digital asset space. In Feb. 2022, the platform allowed verified creators to change their profile pictures to Ethereum-based NFTs.
In June 2022, two former OnlyFans executives launched a celebrity trading card platform called Zoop. Built on the Ethereum scaling solution Polygon, Zoop allowed users to trade 3D digital playing cards of their favorite celebrities.
The disclosure of the company’s ETH holdings came as adult content creators flocked to friend.tech — crypto’s newest decentralized social media platform — in a bid to cash in on the hype.
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