Only1 Secures $1.3M Strategic Round to Build OnlyFans on Solana
Only1, the decentralized content membership platform dubbed the “OnlyFans on Solana,” has announced a successful $1.3 million strategic funding round, propelling its total capital raised to $4.8 million.
Led by Newman Group, this round marks the company’s first equity sale, aimed at accelerating growth to onboard 10 million users and achieve cash flow positivity in 2024.
Only1 is excited to announce a $1.3M strategic round, bringing our total capital raised to $4.8M to build the OnlyFans on Solana.
— Only1 (@JoinOnly1) April 21, 2024
AI-powered tools, ref-links, and confirmed creators with 10M+ followers collectively, here is why we are super excited for May 2024 and beyond: pic.twitter.com/D7CFCUaKHz
With a suite of AI-powered tools, referral links, and a roster of confirmed creators boasting a collective following of over 10 million, Only1 is poised for significant developments in May 2024 and beyond.
The platform distinguishes itself as a content membership site featuring a decentralized payment settlement layer and integrated CRM tools, addressing critical challenges for agencies and creators alike.
A new chapter begins. pic.twitter.com/D62TKTbLPo
— Only1 (@JoinOnly1) April 18, 2024
Key highlights of the upcoming developments include CRM toolings facilitating collaboration between creators and agencies, gasless transactions enabling USDC-only onramp payments, an OpenAI-powered content discovery and moderation system, and the introduction of referral links for prominent creators like @blknoiz06 and others.
The Only1 team, boasting an in-house creator agency and partnerships with agencies across Japan, Southeast Asia, and Los Angeles, is gearing up to onboard several creators in May, each with a substantial following.
For more Web3 news, check out the XGA newsfeed.
