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Interesting article! Still actual or has the situation changed over the last months? Elon Musk’s plans do not include Web3 platforms yet nor does Kanye West’s till now. OnlyFans has not released any news about moving towards Web3 and is still working with Stripe. The main problem with crypto is still the small community. Less the 3% of the population has a crypto wallet and only approximately 1% of people with a wallet is using crypto for day-to-day payment. The rest holds it as an asset. Majority of new wallets are in countries with very little average income which is not really the target audience for this industry. If this is changing massively we have no doubts this could be a great solution. But it will probably take many years until enough people will use crypto for payment and considering it as a competitive alternative to credit cards. Also the anonymity could be a real challenge in terms of safety and for KYC. I also don’t see real technical advantage yet in Web3 except creating adult content NFTs, but I am afraid for the creators it’s rather a dis-advantage if you don’t want to sell the IP forever and proof it in the block chain🤷🏼♀️ many of the entertainers don’t plan to stay in the industry forever but starting a new life after their career in the adult industry. The internet meanwhile at least forgets sometimes, but the block chain will never forget. As a web3 supporter I do believe there are much better ways to use it and it’s not a match made in heaven for the adult entertainment industry. What are your thoughts? #Blockchain #Crypto #Web3 #KYC #ElonMusk #KanyeWest #OnlyFans #AdultContent #Stripe #CreditCard #Payment #Bitcoin #Cryptocurrency https://lnkd.in/eypyjirV

OnlyFans, Patreon models turn to Web3 amid payment and censorship fears

OnlyFans, Patreon models turn to Web3 amid payment and censorship fears

cointelegraph.com

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