Crypto startup Only1 has secured $5 million in funding for their platform which is a clone of OnlyFans, but based on the Solana blockchain. The funding round was participated by a number of high-profile investors to fuel its growth.
Only1 aims to leverage the benefits of blockchain technology to allow creators and fans to interact in a decentralized manner. The platform uses native NFTs (Non-Fungible Tokens) and the $LIKE token for transactions. The funds secured will help the startup in further development, expanding its user base and liquidity.
Only1 will not only give creators control over their content, but it will also enable them to monetize their relationships with their fans in a secure and transparent way. They believe that this will be a game-changer in the creator economy sphere, giving more freedom and financial opportunities to all participants.