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Breaking News: Ripple And SEC Reach Major Deal: Remaining $75M Penalty Returned, Injunction Lifted
WetSpace: Allie Rae's Crypto Version of OnlyFans

WetSpace: Content Creators’ Crypto-Based Answer To Big Banks Blocking Adult Work

Tony "The Bull" Severino
by Tony "The Bull" Severino
3 years ago
·
Posted in Altcoins, Bitcoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Since the start of the pandemic, Bitcoin and cryptocurrencies have risen into the mainstream – giving big banks a run for their money, so to speak. At the same time, the side gig and creator economy has propelled platforms like OnlyFans – and the creators themselves – into superstardom. 

But the starry night got dark for a brief moment when OnlyFans revealed it would bar “sexually explicit” content from the platform. Not only would this likely have been the end for OnlyFans, but millions of content creators on the platform would suddenly lose a part of their income, and it was all due to pressure from payment providers and big financial conglomerates. 

That’s where WetSpace comes in – a crypto-based platform designed by content creators, for content creators and their fanbase.

WetSpace NFT Discovery

WetSpace empowers content creators to engage and monetize audiences in new ways

What Is WetSpace? When Crypto Meets OnlyFans, Sans The Banks

Similar to OnlyFans, content creators can do what they do best and produce sexy videos for their audience. Creators don’t have to fear financial institutions will abruptly end their careers or income streams and can instead focus on curating content and growing their user base. Creators will also be able to monetize their personal brands through an NFT marketplace that can be bundled with paid subscriptions or other exclusive content. Live streaming is also on the way.

Related Reading | OnlyFans Economy: Will XXX NFTs Be The Next Big Thing In Crypto?

All of this is made possible through a 100% crypto-based platform that leverages existing eco-friendly cryptocurrencies with low fees. Supported cryptocurrencies include BUSD, USDT, USDC, DAI, BNB, ETH, MATIC, and AVAX at launch. Crypto payments ensure that content creators are paid quickly, securely, and privately, without chargebacks.

WetSpace Accepted Crypto Coins

Paying with crypto keeps your personal interests private

Users benefit from the added layer of anonymity, no longer needing to fear a spouse finds a charge related to adult content and spares the embarrassment of such a transaction coming up with an accountant or otherwise. Users will also be able to interact directly with content creators via DM – complete with a crypto-based tipping system.

total crypto market cap

As the crypto ecosystem grows, new services are emerging | Source: CRYPTOCAP-TOTAL on TradingView.com

Meet Allie Rae: The Face Of The Fight For Sex Workers

WetSpace is a new company led by CEO Allie Rae – an OnlyFans content creator, that made national news last year because her adult work caused her to lose her job in nursing.

Allie Rae took the situation in stride and turned it into a million-dollar brand, which she’s since poured into the launch of WetSpace to give back to the creator community that helped her and so desperately needs the help in return.

Allie Rae CEO of WetSpace

Allie Rae, is the CEO of WetSpace

Allie Rae herself is an ex-naval vet, wife, homemaker, hockey mom, and so much more, making her an ideal face of the content creator community that squares off against so much stigma on a regular basis. She admits herself to stereotyping in the past, but after understanding the struggles sex workers face – she instead, along with WetSpace – intends to take on the “monopolistic, predatory adult industry” and the big banks that keep adult work in the shadows.

WetSpace is set to launch this coming March, with a beta launching on February 7. You can learn more about WetSpace and Allie Rae in our full-featured interview on the adult industry, crypto, and more.

Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Tony "The Bull" Severino

Tony "The Bull" Severino

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Tony "The Bull" Severino, a technical analyst and Head of Research at Bitcoinist. As the founder of CoinChartist.io, an educational platform for crypto traders focused on technical analysis, Tony provides his expertise to help others understand and apply this methodology. He has partnered with industry leaders like Elliott Wave International and TradingView. Through his partnerships, educational resources, and leadership roles, Tony has established himself as an authority on leveraging technical analysis to trade cryptocurrencies.

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