Onlyfans contributes £1 million in cryptocurrency to help Ukraine in the face of Russia’s invasion.
Onlyfans, an adult video subscription service, has contributed over $5 million (£3.8 million) to aid humanitarian operations in Ukraine, including 500 ETH (£993,790).
The ETH was donated to UkraineDAO, a decentralised autonomous organisation founded by Pussy Riot’s Nadya Tolokonnikova to raise cash to help Ukraine in the face of the Russian invasion.
Only fans Ukrainian-American owner Leonid Radvinsky said to City A.M. that the firm aims to contribute an additional $1 million in philanthropic donations to humanitarian assistance in Ukraine.
. “These sad incidents have had a horrible impact on individuals, including members of our creator community,” stated Ami Gan, CEO of OnlyFans.
“We wanted to help in a way that felt true to who we are at OnlyFans and focused on bringing relief and support to the Ukrainian people,” Gan said.
In 2018, Radvinsky purchased a 75% interest in Onlyfans’ parent company Fenix, just before the platform saw tremendous growth during the epidemic. Through the holding company MFXCY, the businessman and pornographer control the site Myfreecams, which specialises in explicit webcam performances.
Onlyfans has launched an NFT function, which allows members to utilise digital artefacts authenticated on the Ethereum Blockchain as their display images, indicating that the network is adopting Web3.
Shortly after the Russian invasion began last month, Ukraine’s government launched a Twitter appeal for cryptocurrency donations. According to Elliptic, since the beginning of the Russian invasion, accounts held by the Ukrainian government – and NGOs offering assistance to the military – have raised $63 million through over 120,000 cryptoasset donations.