Nude photos and videos will still be allowed, "provided they’re consistent with OnlyFans’ policy," the company told Bloomberg.
“In order to ensure the long-term sustainability of our platform, and the [sic] continue to host an inclusive community of creators and fans, we must evolve our content guidelines,” OnlyFans told Bloomberg. The decision was made because of pressure from banking partners and payment processors.
This news follows a report from Axios that claims leaked documents reveal OnlyFans' struggle to draw investors, despite being on track to make $12.5 billion in gross value next year.
OnlyFans is far from the only platform where adult content creators can sell videos and images. Pornhub, ManyVids, and FanCentro are just some of the other internet platforms that offer similar services. However, OnlyFans's brand recognition has exploded in popularity over the pandemic, on the back of these adult content creators, who will have to rebuild these audiences on other platforms.
Welp, OnlyFans just did something even worse than when Tumblr did it. And this is going to get people killed. Amongst the ones to blame for the continued assault of online adult content are payment processors (Visa and Mastercard), banks, lawmakers (SESTA-FOSTA), Media figures (Nicholas Carlson of the NYT), and VCs. These groups determine if anyone and businesses can survive and the amount of power is just ugh. This will hurt marginalized people indeed.