WetSpace, another new fan site, is planning its roll out out in March — with beta launching happening in February. This new entry into the competitive, crowded fan site market distinguishes itself by being all crypto based.
The company was started by Allie Rae, the ICU nurse who made headlines in August 2021 after her job discovered she was posting content on OnlyFans. Her job demanded she take her OnlyFans down, but Rae walked instead. She then made it her mission to stick up for adult performers everywhere, destigmatizing the industry as much as she could. She kept making content because she not only enjoyed the work, she made bank — pulling in (she claimed) $65,000 – 75,000 per year.
Rae turned that cash into a million-dollar brand and decided after the OnlyFans debacle that she was over people messing with models’ income. She would make a difference. She would pour her hard-earned cash into a company that would be a safe place for adult creators to share content without fear of having the rug pulled out from under them every other week.
That brainchild became WetSpace.
Billed as “Crypto Meets OnlyFans, sans Banks,” WetSpace is 100% coin-based and takes multiple types. At launch, they’ll accept BUSD, USDT, USDC, DAI, BNB, ETH, MATIC and AVAX. Other touted benefits include low fees, no chargebacks and the ability to protect both the fans’ and the creators’ identities because of the use of crypto.
Can WetSpace compete in the current “Fan Site” space?
WetSpace sounds promising. Not only does the site offer the ability to set up subscriptions, accept tips and interact with fans via DMs, but they’ve also included an NFT marketplace as another way to monetize content. NFTs can be bundled with subscriptions or whatever imaginative exclusive content ideas creators come up with. The company also claims they’ve got topnotch algorithms in place to help reach thousands of new fans and different ways to connect with audiences using the same hooks sites like Instagram have such as stories, posts and feeds. Live streaming is in the works as well.
The only caveat, is of course, the use of crypto. Crypto is still the wild west when it comes to buying services or goods in the real world. Getting fans to pay by coin and dealing with cashing out and conversion issues are major headaches. Let’s also not forget the pink elephant in the room: What if the crypto you’ve collected takes a major nosedive on the market and you lose cash? To be fair, it can go the other way too: You could benefit big time if the stock is up.
Ultimately, the concept of WetSpace is an interesting one. Though there is no way to know, maybe the time to dip your foot in the crypto waters is now. Might as well get a head start as there’s no denying the currency will be a major player in the years to come.
Check out WetSpace.com to learn more and for an opportunity to be part of their pre-launch.
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Alyssa Collins hails from Minnesota, where snowy days were the perfect excuse to stay warm inside and write. Over the years, she turned that joy into a career and has authored numerous articles for various publications (under pen names). Email Alyssa via alyssa@ynot.com.
Header image via Pexels.com.
