Feb 10 (Reuters) – OnlyF, an online subscription platform known for its adult content, has rolled out a feature for users to display verified NFTs as profile pictures, it said on Thursday.
The U.K.-based company said it launched the feature in December, joining social media companies such as Twitter and Reddit that have explored ways to incorporate digital tokens into their platforms. read more
Launched in 2016, OnlyF has flourished during the pandemic as it became a way for creators to make money selling content directly to subscribers. read more
An NFT or non-fungible token is a digital asset that exists on a record-keeping technology blockchain. Their popularity soared last year, with people buying artwork and sports highlight videos as NFTs.
“Our mission is to empower creators to reach their full potential,” OnlyF CEO Ami Gan said in a statement to Reuters. “This feature is the first step in exploring the role NFTs can play on our platform.”
OnlyF says it only supports NFTs minted on the Ethereum blockchain. It says the creator’s NFT profile picture will show an ethereum icon to mark it as real.
Alphabet’s (GOOGL.O) YouTube this week detailed its plans around NFTs, saying it could provide a way to verify the legitimacy of digital assets using its video library. Sales of NFTs soared last year, but critics say scams, copyright theft and other predatory practices are all too common.