- Only1 has raised $4.8M to advance its aim of constructing the “OnlyFans on Solana.”
- Its options embody AI-powered CRM instruments, gasless transactions, and OpenAI-driven content material moderation.
- Traders that backed Only1’s mission embody Newman Group again, Folius Ventures, and Modular Capital.
Only1, the pioneering content material membership platform constructed on the Solana blockchain, has efficiently closed a strategic funding spherical that raised $1.3 million. The platform introduced this milestone through its official X account on April 21.
The announcement famous that this newest injection of capital brings their complete raised funds to $4.8 million. Accordingly, the report famous that the brand new capital power is about to propel Only1’s mission to determine the “OnlyFans on Solana.”
Main the cost on this funding spherical was Newman Group, marking a big milestone as Only1’s first fairness sale. In line with the report, the infusion of funds shall be pivotal in scaling the platform to onboard 10 million customers and obtain money circulate positivity by the top of 2024.
Key options of Only1’s platform embody CRM tooling to facilitate collaboration between creators and businesses, gasless transactions to allow USDC-only onramp funds, and an OpenAI-powered content material discovery and moderation system.
Moreover, Only1 disclosed that its group owns an in-house creator company. It additionally has partnerships with an increasing community of businesses throughout Japan, Southeast Asia, and Los Angeles to make sure a gradual inflow of high-profile creators.
“Be excited as we have now confirmed a number of creators to onboard in Could with collectively over 10 million followers,” the assertion learn.
Finally, the Only1 group prolonged gratitude to the traders who shared its imaginative and prescient for the way forward for the creator financial system on Solana. The traders embody Newman Group, Folius Ventures, and Modular Capital.
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