Only1 Secures $4.8M in Funding to Establish OnlyFans on Solana

• Only1 has raised $4.8M to advance its goal of building the “OnlyFans on Solana.”
• Its features include AI-powered CRM tools, gasless transactions, and OpenAI-driven content moderation.
• Investors that backed Only1’s mission include Newman Group back, Folius Ventures, and Modular Capital.

Only1, the pioneering content membership platform built on the Solana blockchain , has successfully closed a strategic funding round that raised $1.3 million. The platform announced this milestone via its official X account on April 21. 

The announcement noted that this latest injection of capital brings their total raised funds to $4.8 million. Accordingly, the report noted that the new capital strength is set to propel Only1’s mission to establish the “OnlyFans on Solana.”

Leading the charge in this funding round was Newman Group, marking a significant milestone as Only1’s first equity sale. According to the report, the infusion of funds will be pivotal in scaling the platform to onboard 10 million users and achieve cash flow positivity by the end of 2024.

Key features of Only1’s platform include CRM tooling to facilitate collaboration between creators and agencies, gasless transactions to enable USDC-only onramp payments, and an OpenAI-powered content discovery and moderation system.

Furthermore, Only1 disclosed that its team owns an in-house creator agency. It also has partnerships with an expanding network of agencies across Japan, Southeast Asia, and Los Angeles to ensure a steady influx of high-profile creators.

“Be excited as we have confirmed several creators to onboard in May with collectively over 10 million followers,” the statement read .

Ultimately, the Only1 team extended gratitude to the investors who shared its vision for the future of the creator economy on Solana. The investors include Newman Group, Folius Ventures, and Modular Capital.