OnlyFans Will Ban Explicit Sexual Content From October

OnlyFans Will Ban Explicit Sexual Content From October

OnlyFans was created as a way for content creators to share images or videos in exchange for a monthly fee. 

However, over time, the platform started sharing pornographic materials but this is no longer going to happen. From October 1 upwards, OnlyFans will starts baning any sexually explicit content. The company claims these changes is due to the pressure from its banking and payment service partners.

"To ensure the long-term sustainability of our platform and continue to host an inclusive community of creators and fans, we must develop our content guidelines ," OnlyFans said in an emailed statement to The Verge website.

According to the statement, the creators of the platform will still be able to publish nude images as long as they comply with the acceptable use policy of the site. 

More information will be available in the next few days, the company added: 

“OnlyFans remains committed to the highest levels of security and content moderation of any social platform.

 OnlyFans claims to have more than 2 million creators, who it says have earned more than $ 5 billion on its platform, and 130 million users. Last year, the site generated 2 billion in revenue (of which OnlyFans receives a 20 percent cut). 

The company is seeking investors with a valuation of more than $1 billion but has struggled to attract investors, according to a report by Axios, primarily due to the proliferation of pornography on the site.

Despite its ability to attract attention and a safer environment, offering sex workers an online platform to advertise themselves is hard to sell for investors. 

OnlyFans released its first monthly transparency report for July on Thursday, "as part the commitment to safety and transparency."

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