Video subscription platform OnlyFans says it donated 500 ETH (roughly $1.3 million) to UkraineDAO, a decentralized autonomous organization raising funds to support Ukraine during its war against Russia. elitanjourno reports.
, a decentralized autonomous organization raising funds to support Ukraine during its war against Russia.
A representative of OnlyFans told CoinDesk 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 has been a leading crypto contributor to Ukraine’s government in recent weeks, which has now received over $50 million in crypto donations sinceThe DAO was formed by Russian art collective Pussy Riot and non-fungible token studio Trippy Labs, with its largest single donation coming from a $6.5 millionAt the point that OnlyFans made the 500 ETH donation, the DAO was stalled at about half of the 1,000 ETH reserve amount, a representative said.
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