In the wake of OnlyFans’ recent announcement that they will ban sexually explicit content come October, multiplatinum artist turned entrepreneur Tyga has announced the launch of his own content platform called Myystar.
Tyga took to social media to announce that he has deleted his OnlyFans page and will be starting his own content platform to compete with OnlyFans.
Set for full release in October, Myystar will allow users “creative freedom” in response to the ban set by OnlyFans. Tyga’s platform will be taking only 10 percent of creators’ earnings – half of OnlyFans’ 20 percent.
Not only will Myystar house content from comedians, athletes, musicians and podcasters, but creators will be able to sell their own NFTs on the Ethereum blockchain.
Tyga expressed his concern that many people make a lot of money on OnlyFans and most of their revenue is made there:
I want to give those people hope.Tyga
Myystar is Tyga’s next business endeavour after launching Too Raww, a modelling agency aimed at helping people get started on OnlyFans.
Joining the NFT Craze
Myystar will join CumRocket, a new DeFi project which recently created its own private subscription platform and NFT marketplace.
NFTs provide artists with exposure, revenue and connection with their fans, as we saw earlier this year when Melbourne street artist Lushsux made over US$500,000 from selling NFTs.
The NFT craze is diverting the attention of musicians, artists and celebrities who now see it as an opportunity to promote their work and make some extra cash.
By Jana Serfontein, Crypto News Australia Guest Author
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