OnlyFans, a prominent video subscription site, has announced a donation of 500 ETH (about $1.3 million) to UkraineDAO, a decentralized autonomous organization seeking funds to support Ukraine amid its battle with Russia.
According to the company’s spokeswoman, the donation is part of the company’s bigger charity effort to help Ukraine, which is directed by OnlyFans’ Ukrainian-American owner Leonid. The donation is part of the company’s bigger charity effort to help Ukraine, which is directed by the company’s Ukrainian-American owner Leonid Radvinsky.
According to the corporation, it has now donated over $5 million to various humanitarian activities in support of the country, with an additional $1 million contribution planned for March 15.
Ami Gan, CEO of OnlyFans, said in a statement:
“These tragic events have had a terrible impact on individuals including members of our creator community. Given our strong personal ties to Ukraine, we wanted to support in a way which felt true to who we are at OnlyFans and which focused on getting aid and support to the Ukrainian people.”
UkraineDAO has been a major cryptocurrency donor to Ukraine’s government in recent weeks, having received more than $50 million in cryptocurrency donations since tweeting out its ether (ETH) and bitcoin (BTC) addresses in February.
The DAO was founded by Russian art group Pussy Riot and non-fungible token (NFT) studio Trippy Labs, with its greatest single donation coming from a $6.5 million crowdfunded NFT sale on March 2, to which OnlyFans donated 500 ETH.
The DAO was stalled at around half of the 1,000 ETH reserve value when the online subscription company made the 500 ETH gift, according to a spokesperson. The donation from OnlyFans put the total over the mark, and from then on, more donations poured in.
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