Intermediaries have dominated the Internet era for a long time. However, a combination of blockchain technology, cryptocurrency, and Non-Fungible Tokens (NFTs) will change that. Content creators can directly reach out to their target audience now. They can live stream exclusive content, share photos and videos, and also interact with their fans and followers on a real-time basis. Entrepreneurs can use this remunerative opportunity by launching an OnlyFans clone.
How will an OnlyFans clone change the digital era?
The pre-built content subscription platform is filled with features identical to OnlyFans. The Unique Selling Point (USP) is that technopreneurs can quickly launch it in their target market. Moreover, they can adjust the brand elements such as brand name, color, logo, and taglines as per their business requirements. Built with an advanced tech stack, aspiring media moguls will get a huge advantage over their rivals.
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The strategies that entrepreneurs must follow to entice artists are
- Eliminate censorship – Undoubtedly, many films and TV series never get released in the market due to strict censorship rules. Importantly, a decentralized OnlyFans like platform would be free from the control of government authorities. Therefore, content developers can upload photos and videos and share them without any restrictions.
- Offer tokens – With the market capitalization and trading volume of cryptocurrencies increasing, digital tokens would tempt performing artists. Cybernauts would have to purchase these virtual assets and unlock eye-catching content. They would have to process peer-to-peer (P2P) transactions from their digital wallets.
Later, they can check out behind-the-scenes photos, never-before-seen videos, and rare recordings of brand ambassadors, celebrities, influencers, and models. Will netizens get value by holding these tokens? Yes, they can!.
Users can retain these digital assets for a certain period, resell them on a crypto exchange or a Decentralized Finance (DeFi) platform, and make a healthy profit. This happens when there is an increase in the price, market capitalization, and trading volume of the crypto tokens.
Can techpreneurs reduce operating costs by offering tokens for content developers? It is possible! They can recover the platform maintenance fees by buying back the crypto tokens, burning them, and decreasing the supply. Subsequently, this creates value for both content creators and their die-hard admirers.
- Organize airdrops – Distributing free tokens to certain users will give more traction in the market. Mediapreneurs can conduct airdrops and give away valuable tokens to cybersurfers. They can store these digital assets in hardware or software wallets.
- Protect rights of artists – Actors/ Actresses, filmmakers, fitness instructors, gamers, influencers, musicians, photographers, sportspersons, video bloggers, etc can use a famous platform like OnlyFans. Moreover, big tech companies have been profiteering from the data of content creators and users.
What are the revenue streams from an OnlyFans Like Platform?
Gas fees – Decentralized content subscription platforms run on blockchain networks. Since they function round the clock, maintaining their functioning is essential. Generally, users would have to pay the gas fees in cryptocurrencies like Ethereum (ETH) and Tronix (TRX). The charges would vary depending on the computational energy used to execute transactions.
Platform maintenance charges – Since its launch in November 2016, OnlyFans is operating on an 80:20 business model. Content creators get a majority of the revenue share and the remaining revenue is pocketed by the platform itself.
What are the different expenses? It comprises maintenance of the payment gateways, protecting the data of stakeholders with security measures, and upgrading the Content Delivery Network (CDN).
Sale of Merchandise – Entrepreneurs can use the potential of e-commerce in the OnlyFans Clone Platform. They can establish an online storefront and attract customers to purchase branded goods.
Digipreneurs can build their wealth by levying a commission from retailers for each sale, home delivery of products, and shipping costs. Further, they can impose a transaction processing fee when customers use credit and debit cards and mobile wallets.
Provide a self-publishing option – Be it a short video or a long feature film, content creators will take time to release their stuff on the Internet. Entrepreneurs can share a detailed list of community guidelines.
Set up multiple plugins – Content creators can get the first-mover advantage by showcasing multimedia content. Likewise, more users will start registering to get an all-in-one experience.
As entrepreneurs look to change how content gets consumed, adopting either a freemium or premium model would work wonders. Additionally, they will have to establish partnerships with fintech companies. This will guarantee swift sharing of income with ordinary individuals and popular content creators.
Smart contracts will play a crucial role. This is because the pre-programmed software will operate on certain terms and conditions (T&C). They are held on the distributed ledger of the blockchain network. This ensures that no one can manipulate the data. It offers several advantages like non-dependence on third parties, reduction in operating costs, and transparency.
Skilled entrepreneurs can scale up their media venture now. They can call up an app development company now and disrupt the universe with an OnlyFans clone soon.