• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
Picture of American rapper Tyga building OnlyFans competitor
Sensei Inu Logo

American Rapper Tyga To Launch OnlyFans Crypto-Competitor

Best Owie by Best Owie
2 years ago
in Crypto, Cryptocurrency Market News
Reading Time: 3 mins read

Crypto has recently been suggested as a fix for the woes popular adult content platform OnlyFans has been going through. The company had announced last week that it planned to remove all of its adult content by October first. Speculations were that this was due to payment processors Visa and MasterCard making payment harder for the company due to the nature of its foremost content. But it was clarified that it was in fact due to the company wanting investors since they had been turned down due to the type of content they host on their site.

Related Reading | South African Man Loses $900,000 Worth Of Bitcoin After Accidentally Deleting Keys

This had sent a shockwave through the community and the news world. Crypto enthusiasts started suggesting that things like this could be avoided with decentralized platforms and payment services like cryptocurrencies. With Bitcoin leading in the suggestions for the type of crypto to be used for this.

The company has not responded to any of this, seemingly steadfast in its resolve to purge the site of all pornographic content. To this end, America rapper Tyga has announced that he plans to release his own platform that will be a direct competitor to OnlyFans. The platform the rapper plans to launch will be built on the Ethereum network.

Tyga Exits OnlyFans

Rapper Tyga had opened an OnlyFans account almost a year ago. Tyga had been a strong advocate for the platform and had started a modeling agency, Too Raww, that was dedicated to helping content creators get started on OnlyFans. Following the ban on pornographic content, the rap star took to his Instagram to announce his exit from the platform.

Related Reading | Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin

Tyga announced that he had deleted his account on the platform and he was launching his own OnlyFans competitor, Myystar, which would provide content creators more freedom and a better cut of earnings. While also providing higher quality viewing for the audience. According to the press release, Myystar will only take 10% off creators’ earnings compared to the 20% on OnlyFans.

Building With A Crypto Backbone

Myystar’s most striking feature yet remains the fact that the platform is being built on the Ethereum network. The rapper seems to have listened to the suggestions coming out of the market recently and has run with this.

Related Reading | Here’s What Bitcoin Exchange Inventory Levels Means For The Bull Rally

In addition to providing better quality and a higher percentage of earnings, Myystar will also allow content creators to sell NFTs on the platform, and also, features that are relevant to the music industry. This will provide content creators the ability to mint pornographic content in order to sell them off as NFTs.

Crypto total market cap chart from TradingView.com

Crypto total market cap continues upward trend | Source: Crypto Total Market Cap on TradingView.com

A countless number of sex workers and adult content creators have been affected by the OnlyFans ban on pornographic content. Tyga told Forbes that he wanted to give these people hope with his platform. “I know how many people make a lot of money on OnlyFans, and that’s where most of their revenue is at. I want to give those people hope,” Tyga said.

The Myystar platform is scheduled to launch in October, following the ban of pornographic content on OnlyFans happening on October 1st. The site is currently up and is allowing creators to sign up ahead of the launch.

Featured image on Discotech, chart from TradingView.com
Tags: cryptocryptocurrencyMyystarOnlyFansOnlyFans banTyga
Tweet123Share196ShareSend
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors. Best is a true professional in every sense of the word with an exceptional dedication to producing high-quality work.

Related Posts

LINK Price LINKUSDT Chainlink

LINK Price Broke Critical Level, Macro Downtrend Behind? Analyst Forecasts

11 mins ago
Ethereum ETH Gate

ETH Gate Saga Continues: What Is Lubin’s ‘Piece Of Paper’?

1 hour ago
Polygon

Polygon Price Speculation: Can MATIC Defend The $0.5 Threshold?

2 hours ago
Bitcoin monthly close September

Bitcoin Price Trend At Stake: How September’s Close Could Change Everything

3 hours ago
Solana

Solana Bulls Struggle To Break $21 Barrier – What Lies Ahead?

5 hours ago
AirBit

Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence

14 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Solana Defies Price Fears, Bitcoin Spark Leads ICO...

    4 hours ago
  • Mercante Technologies to Launch AI-Powered Customer Support...

    5 hours ago
  • Expert Reviews Of IBKR vs eToro And The Promising Broker...

    10 hours ago
  • Meta Force by Lado Okhotnikov Launches SWAP: Secure and...

    23 hours ago
  • Solana Remains Stable, Bitcoin Cash, and Borroe.Finance...

    1 day ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.