Purchasing a digital piece of art at a competitive price and getting a digital token that proves your ownership over the possession was an unimaginable scenario a decade ago. Well, that is the same opportunity that NFTs offer to their users today. NFTs are currently taking the collectible world and the content space by storm. When the entire world believed Blockchain like Bitcoin was the digital answer to collectibles, NFTs made the entry, and as a result content creators are having immense opportunities to expand their exposure and make money.
What is NFT and how does it work?
NFTs or non-fungible tokens are digital assets that represent any collectible like art, images, music, videos, with an authentic and unique certificate built by blockchain technology. Unlike cryptocurrencies, NFTs cannot be exchanged for another NFT as each one of them holds a unique digital asset attached to it. So how do NFT exchanges take place, it takes place with cryptocurrencies like Bitcoin.
Most of the NFTs are based on Ethereum blockchain with unique digital info stored in it with a specific value attached. As they hold a value set by the market price and the demand,it is possible to sell them like any physical product.
One of the most important uses of NFTs today is in content creation platforms. Models have witnessed their profits increased by the use of NFTs as they are a part of the content creation space where they hold the ownership of their exclusive content.
OnlyFans and NFTs
In Feb 2022, OnlyFans rolled out the feature of NFT profile pictures for content creators as part of its plan to integrate NFTs. It started by allowing users to put up NFTs that are verified on the Ethereum blockchain technology as their profile pictures which is a first step in embracing NFT. While an NFT profile picture doesn’t have much to entice fans, it works as an additional way for both the OnlyFans platform and content creators to enjoy monetary benefits.
Currently, the platform charges 20% for every financial transaction and if the same rate holds for NFT sales, it will dramatically increase the profit of the platform. Instagram’s head has also announced that the company is currently working on NFT integrations.
If you are an entrepreneur who wants to enjoy the same financial benefits by embracing NFTs, now is the right time to enter the industry. Leverage a professional OnlyFans clone script like Fanso to create your clone platform like OnlyFans, either adult or non-adult by integrating the customizations you require.
Advantages of integrating NFTs in platforms like OnlyFans
NFTs allow content creators to make money directly from their creative work or the exclusive content or artwork they own. It eliminates the third party and allows original creators to directly sell their work to their customers.
Entrepreneurs who build content marketplaces like OnlyFans are focusing more on NFT integration to cater to modern content creators and users.
With that said, let’s have a look at the benefits of integrating NFTs in the OnlyFans-like platform.
Content subscription platforms like OnlyFans arose from the growing demand for personalized and premium content. Both website owners and creators can benefit from these subscription marketplaces. Content creators who can sell exclusive content can bring in a large audience to the website resulting in better revenue generation and profit for both creators and website owners.
Boost Exclusive Growth
NFTs bring content creators from different niches into one ecosystem, they can enable new paths for exclusive progress for all. As OnlyFans-like platforms allow content creators to bring true value to their performance and are also interested in interacting with fans directly without any intermediaries.
NFTs denoting ownership of digital assets exhibit the flexibility of growth regarding the type of content creators can sell to their audience. Creators can personalize membership plans, not in look and feel but also in the perks and terms as well.
Converting content into NFTs
By creating their content including images, and videos, both adult and non-adult, content creators can come up with a broad range of content that is appealing to the target audience. Creators or models can sell exclusive content in the form of NFTs on the OnlyFans clone website for the price of their token. By subscribing to a subscription plan, fans can watch videos of their choice.
Exclusivity is one of the main reasons why NFTs are popular among content creators. By converting their content to NFT, no one else can replicate their piece of work by no means. If NFT is owned by a group of users, exclusive access can be assured which makes it demanding.
One of the prominent advantages of NFT which makes it a great integration to the OnlyFans-like platform is its transferability. As NFTs work based on smart contracts, ownership transfers become easy. When the creators sell their content with NFTs attached to it, they directly go to them.
A subscription platform like OnlyFans charges its subscribers either monthly or annually in exchange for access to exclusive content. The content can be accessed and viewed for a price helping creators to generate revenue.
The NFT spreads among fans, extending the reach of the model or content creator further which accelerates revenue generation. When a customer acquires the content and resells it to others content creators or providers will receive royalties which will lead to more sales and increased traffic to the NFT-based OnlyFans clone site.
Content creators can take advantage of decentralization, all thanks to the excellent combination of NFTs and content marketplaces like OnlyFans. Content creators no longer have to rely on intermediaries to monetize their content. The NFT craze is speeding up the gap between centralized and decentralized worlds, becoming a game-changer for the entire creator economy.
Whether you are an upcoming independent artist or a major brand, partnering with the right OnlyFans-like platform is the initial step to enhancing customer engagement and securing a position in the new creator economy.