Inside the $390 million battle for OnlyFans’ insatiable audience:
for the porn ban, saying they were refusing to process the platform’s transactions. Then six days later OnlyFans did an abrupt volte-face: “We have secured assurances necessary to support our diverse creator community,” the company announced in a new statement, “and have suspended the planned October 1 policy change.”has hurt OnlyFans’ reputation in the eyes of both creators and users, and whether or not they ban porn in the future, the damage is done.
Moody says she will be focusing her efforts on the new platform Peach because she now feels that OnlyFans doesn’t respect sex workers. “The de-banking and de-platforming of sex workers is occupational discrimination,” says Moody adding, “Banks are for business, not for religious crusades. JPMorgan Chase and BNY Mellon and MasterCard need to get out of people’s bedrooms and work on policies with sex workers that reduce harm.
With 5 million users and 30,000 models, IsMyGirl claims it has paid its creators tens of millions of dollars and the most popular stars on the platform make more than $1 million a year. But that’s still a rounding error compared with the $5 billion OnlyFans has paid out to its creators since launching in 2016.
FanCentro, which is run from its offices in Matawan, New Jersey, and Limassol, Cyprus, believes it has a competitive advantage over other platforms because of some vertical integration. It owns its own payment processor called CentroBill, and the company also offers free classes to verified influencers through Centro University to teach them how to make more money.
Eye of the Tyga: Hip-hop artist Tyga deleted his OnlyFans account and will launch his own adult-friendly platform, Myystar, in October.Tyga, the hip-hop artist who runs one of the most popular OnlyFans accounts, is also looking to fill the vacuum. The 31-year-old performerthat he deleted his OnlyFans account and is building his own platform called Myystar, which is expected to launch in October and take a 10% cut of creators’ revenue.
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