Content subscription platform OnlyFans, reportedly donated crypto worth $1.3 million to UkraineDAO.
A Decentralised Autonomous Organisation, also called UkraineDAO, raising funds to support Ukraine during the ongoing war with Russia.
CoinDesk reported on Friday that OnlyFans has donated 500 Ethereum, which is currently worth around $1.3 million, to one of the more active decentralized autonomous organizations in support of Ukraine.
A representative of OnlyFans told that the donation is a part of the company’s larger charitable effort to support Ukraine, led by OnlyFans’ Ukrainian-American owner Leonid Radvinsky.
The company says it has now sent over $5 million to various humanitarian efforts supporting the country, with an additional $1 million donation planned to be sent March 15.
“These tragic events have had a terrible impact on individuals including members of our creator community,” Ami Gan, CEO of OnlyFans, said in a statement. “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 now received over $50 million in crypto donations since tweeting out its Ethereum (ETH) and Bitcoin (BTC) addresses in February.
The DAO was formed by Russian art collective Pussy Riot and NFT studio Trippy Labs, earlier DAO had auctioned Ukraine’s flag as a non-fungible token (NFT) on Ethereum and raised upwards of $6 million for its defense forces.