Blockchain
By James Thorp
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Only1 is the first NFT-powered social platform built on Solana. By using the platform, fans will have the ability to invest, access, and earn from the content created by…
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Content creators create NFTs for their creation and you can buy and sell NFTs from your favorite content creators.
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Genesis NFTs Creator Staking consists of Mint, Purchase, and Earn. Once a creator passes the KYC genesis-NFT is minted.
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In Content NFT Farming, users post buy and earn. The creator posts exclusive content in form of NFT. Users purchase by bidding.
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Now by using $LIKE other fans will unlock the content. The transactions are split between the owner and creator.
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Community are like NFTS and Solana? I'll give it a go, why not? Many are eagerly waiting the beta launch.
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There is a confusion in the community about legal ownership vs. copyright?
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Someone asked if NFT is equivalent to legal ownership, just like a copyright or title? Buying an NFT is like buying a physical painting. You get zero copyright rights.
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This is madness. What is this NFT craze about then? Do these purchasers understand this? When you say it can be done that way.
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During an interview with CryptoJ, one of the largest institutional investors of blockchain technologies, Leon Lee, founder of Only1 expressed, "Reforming the pattern of OnChain…
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He points to how earlier this year, Only1’s inspiration came when they started looking at proven business models which could be disrupted with NFTs.
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In traditional social platforms, the content creators will have to monetize using partnerships, paid advertisements, merchandise sales, and shout outs.
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The brilliant thing about Onlyfans is that it brings fans closer to the creators while simplifying the monetization process.
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