🧵 1. OnlyFans had a good year in 2022 with more fans, creators, and money, but their Ethereum holdings took a hit, falling from $19M to $11.4M. #crypto
🧵 1. OnlyFans had a good year in 2022 with more fans, creators, and money, but their Ethereum holdings took a hit, falling from $19M to $11.4M. #crypto
🧵 2. OnlyFans' parent company diversified into ETH last year, but the asset's value dropped during the bear market.
🧵 3. Despite the crypto woes, OnlyFans revenue reached $5.6B in 2022, up from $4.8B in 2021.
🧵 4. The platform also saw a 47% increase in creators and a 27% increase in subscribers.
🧵 5. OnlyFans made headlines by allowing creators to use Ethereum NFTs, but couldn't anticipate the market downturn.
🧵 Read more at: https://decrypt.co/153947/onlyfans-ethereum-holdings-19-million-40-percent-drop