Crypto for adult entertainment and Zomato’s shenanigans

17 September, 202110 min
0
Google Preferred Source Badge
Share
Getting your Trinity Audio player ready...
Crypto for adult entertainment and Zomato’s shenanigans

Why read this story?

Editor's note: You know it’s not an average day when you find yourself in an encrypted chat with the founder of a crypto-blockchain adult entertainment company.  If you’ve been around the internet recently, you probably know about OnlyFans. What began as a platform aimed at connecting creators with their followers on a “personal level” in 2016, quickly morphed into one of the most successful internet companies to run a content subscription service. Most importantly, it became a safe haven for those who wanted to make adult content and sell it.  Today, OnlyFans claims a registered user base of more than 150 million. It works with a massive creator ecosystem comprising nearly 1 million creators, with the top 1% of them making more than $100,000 a year on the platform. So when the company decided to ban explicit content by 1 October after it faced pressure while seeking investors and got the cold shoulder from banking institutions, nobody was pleased, with many calling the move anti-sex work. This backlash from the company’s most loyal followers eventually led to the platform overturning this ban …

You may also like

Internet
Story image

Eternal, Swiggy, Zepto are all unskilled worker arbitrage businesses

Exploitation of unskilled workers is at the heart of quick-delivery service businesses in India. They should be valued for what they are and not what they pretend to be, a trait that has taken a devious form of wanting it both ways.

Internet
Story image

Can Rapido’s Ownly rewrite India’s food delivery economics?

With transparent pricing and a zero-commission model, Ownly seems like the first serious challenger to the Zomato-Swiggy duopoly.

Internet
Story image

Lenskart may be the redemption Indian new-age businesses need

The 17-year-old eyewear company is finally approaching the public markets. Its stellar numbers and international footprint set it apart.