For a long time, the internet age has been dominated by go-betweens. Thanks to the combination of blockchain technology, cryptocurrency, and non-fungible tokens (NFTs) that will change. Content creators can now directly reach their target audience.
They can interact with their fans and followers in real-time while live-streaming exclusive content, sharing photos and videos, and live exclusive streaming content. Launching an OnlyFans clone is a lucrative opportunity for entrepreneurs.
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What Effect Will The OnlyFans App Have On The Digital Age?
Features of OnlyFans replicate in the pre-built content subscription platform. The USP is that technopreneurs can quickly launch their product in their target market. Furthermore, they can customize brand elements such as brand name, colour, logo, and tagline to meet their specific business needs. Thanks to the advanced technology stack, aspiring media moguls will have a significant competitive advantage.
Entrepreneurs Must Use The Following Strategies To Entice Artists
Eliminate censorship – Due to strict censorship rules, many films and television series are never released in theatres. Notably, a decentralized platform similar to OnlyFans would be free of government control. As a result, content creators can upload and share photos and videos without restriction.
Offer tokens – As the market capitalization and trading volume of cryptocurrencies grow, performing artists may be enticed to use digital tokens. These virtual assets would have to be purchased for cybernauts to gain access to eye-catching content. They’d have to use their digital wallets to process peer-to-peer (P2P) transactions.
They can also look at behind-the-scenes photos, never-before-seen videos, and rare recordings of brand ambassadors, celebrities, influencers, and models later. Will holding these tokens provide value to netizens? Yes, they certainly can!
Users can keep these digital assets for a set period and then resell them on a cryptocurrency exchange or a Decentralized Finance (Defi) platform for a profit. That occurs when cryptocurrency tokens’ price, market capitalization, and trading volume rise.
Is it possible for techpreneurs to lower their operating costs by providing tokens to content creators? It’s feasible! They can recoup platform maintenance fees by purchasing, burning, and reducing the supply of crypto tokens. As a result, both content creators and their ardent supporters gain value.
- Organize Airdrops – Distributing free tokens to a select group of users will increase market appeal. Airdrops are a way for media entrepreneurs to give valuable tokens to cyber surfers. These digital assets can be stored in hardware or software wallets.
- Actors/actresses, filmmakers, fitness instructors, gamers, influencers, musicians, photographers, sportspersons, video bloggers, and others can use a well-known platform like OnlyFans to defend their rights. Furthermore, big tech companies have profited from the data of content creators and users.
What Revenue Streams Can The Onlyfans As Platform Generate?
Gas Fee – Blockchain networks power decentralized content subscription platforms. It is important to maintain their efficiency as they work round the clock, seven days a week. In most cases, users will have to pay gas fees in cryptocurrencies such as Ethereum (ETH) and Tronix (TRX) (TRX). The price will be determined by the computational energy used to complete the transaction.
Platform Maintenance Fee – OnlyFans has followed an 80:20 business model since its launch in November 2016. The majority of revenue is split between the content creators and the platform, with the rest going to the platform.
What are the different charges? That includes maintaining payment gateways, implementing security measures to protect stakeholder data, and upgrading content delivery networks (CDNs).
Merchandise Sales – In the OnlyFans app platform, entrepreneurs can leverage the e-commerce potential. They can open an online store and entice customers to buy branded products.
Digipreneurs – can increase their wealth for home delivery and shipping costs of products and a commission for each sale from retailers. Customers who use credit and debit cards and mobile wallets may be charged a transaction processing fee.
Provide a self-publishing option – Whether it’s a short video or a feature film, content creators will take their time to get their work done online. Entrepreneurs can share a comprehensive list of community guidelines.
Set up multiple plugins – Content creators can gain a first-mover advantage by displaying multimedia content. Similarly, more users will register to take advantage of an all-in-one experience.
Final Thoughts
Adopting a freemium or premium model will work wonders for entrepreneurs who want to change how content is consumed. In addition, they will need to form partnerships with fintech firms. That will ensure that ordinary people and well-known content creators get paid quickly.
Smart contracts will be significant. The pre-programmed software will only work under certain conditions (T&Cs). They store on the distributed ledger of the blockchain network. That ensures that no one can tamper with the information. That has many advantages, including no dependency on third parties, lower operating costs, and greater transparency.
Now is the time for skilled entrepreneurs to expand their media business. They can approach an app development company, and soon there will be an Onlyfans clone script wreaking havoc on the universe.
