Content material creators from OnlyFans creators are flocking to the buzzy new crypto app Pal.tech.
Construct on the newly launched Base community, Pal.tech is a Twitter-linked app that allows tokenized accounts into “keys.” Customers that purchase an account’s keys, then get entry to a personal chat group of the respective accounts.
The migration of latest customers doubtless picked up velocity after the app enabled sending images on the app yesterday.
OnlyFans is a subscription-based social media platform that lets accounts earn cash for sharing their images or movies. The content material is usually of an grownup or specific nature.
Widespread OnlyFans accounts made up a few of the prime trending accounts on Pal.tech Friday morning.
The trending accounts on Pal.tech. Supply: Pal.tech
Round 4 OnlyFans content material creators have entered the listing of prime 50 most-valuable accounts on Pal.tech alongside crypto influencers.
Ranked 13 on the listing, JenfoxxUwU’s Pal.tech keys at present fetch 0.87 Ethereum, or $1,435, whereas her month-to-month OnlyFans subscription prices $3.75.
A number of different Pal.tech customers have seen the inflow of OnlyFans accounts on Pal.tech.
Seraphim, a DeFi contributor at quite a few initiatives like Lido and Vertex Protocol tweeted this morning, “we actually have OnlyFans women on Pal Tech.”
We actually have OnlyFans women on Pal Tech
That is the adoption we needed
— Seraphim (@MacroMate8) August 24, 2023
It seems that the content material creators are utilizing the brand new social media app on Base to develop their attain and entice new customers.
Some creators are additionally utilizing the app to draw customers to different platforms like Telegram.
Pal.tech vs OnlyFans
With the inclusion of photos on Pal.tech, each apps serve related functions: enabling paywalled content material sharing.
With OnlyFans, the cash goes on to the content material creator, albeit with some charges hooked up to it.
Nonetheless, on Pal.tech, the ETH earned from promoting keys are saved in a sensible contract, which makes use of a bonding mechanism to cost the keys based mostly on the variety of holders and keys offered.
In keeping with Cryptokoryo’s Dune analytics dashboard for Pal.tech, the influx of cash into the sensible contract registered a spike yesterday.
The quantity of ETH transferred to Pal.tech contracts for key purchases. Supply: Dune.
In complete,116,036 customers on the platform have deposited ETH price $74.4 million on the app.
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