Earlier this week we wrote about Friend.tech, a new decentralized app (dApp) that allows you to buy some sort of stock from participating Twitter accounts. In this way you can become a “co-owner” of your favorite object influencers. The app has grown like coal in a short period of time, and it’s not over yet. The project has found new potential for more growth: OnlyFans.
OnlyFans influencer Boarding the Friend.tech train
OnlyFans is a very popular website where anyone can get access to personal and explicit pictures for a fee. Friend.tech announced on Friday that users can now send photos to their investors. Users who have account tokens can access an exclusive chat group.
You can now send photos to your key holders. Say cheese😁 pic.twitter.com/pzu7xNuvxm
– friend.tech (@friendtech) August 25, 2023
Now it turns out that many OnlyFans influencers find the feature very interesting. In the list of the most popular Friend.tech accounts, we already find a large number of accounts linked to OnlyFans. The most expensive stocks, which Friend.tech calls “Keys”, are already selling for almost 0.9 ETH. Converted to the current Ethereum price, this is more than 1300 euros.
The average subscription for an OnlyFans influencer is between $10 and $20 per month, according to statistics. Earning 0.9 ETH in one go is very cheap at the current price. We must emphasize that OnlyFans content is often used in the same breath as adult content. However, this isn’t the only type of content the platform was built for.
Investors lock millions in crypto app
Seraphim, who is also active in other decentralized finance (DeFi) projects like Lido and Vertex Protocol, writes on Twitter that this is exactly the rollout it wants.
We literally have OnlyFans girls on Friend Tech
This is the adoption we wanted
— Seraphim (@MacroMate8) August 24, 2023
According to DefiLlama, the project’s Total Value Locked (TVL) peaked at $7.18 million earlier this week. Meanwhile, the TVL has dropped to $5.83 million, but it’s quite possible that OnlyFans is now ensuring that the value has stabilized and possibly started growing again.