OnlyFans made a donation of 500 ETH to the DAO in support of Ukraine

The online subscription platform's gift is one of numerous crypto-based efforts to aid Ukraine in its fight with Russia.

OnlyFans donates ETH and BTC to Ukraine

OnlyFans, a famous video subscription site, has donated 500 ETH worth approximately $1.3 million to UkraineDAO, a decentralized autonomous organization that is gathering donations to aid Ukraine in its fight with Russia.

OnlyFans' representative reported that the donation is part of the company's bigger charitable effort to support Ukraine, which is led by Leonid Radvinsky, OnlyFans' Ukrainian-American owner.

According to the corporation, it has now donated over $5 million to various humanitarian activities in support of the country, with another $1 million gift scheduled for March 15.

In a statement, Ami Gan, CEO of OnlyFans, said,

"These tragic occurrences have had a tremendous impact on individuals including members of our artist community. We wanted to help in a way that felt genuine to who we are at OnlyFans and focused on bringing aid and support to the Ukrainian people, given our strong personal ties to Ukraine."

Since tweeting out its ETH and BTC addresses in February, UkraineDAO has been a top crypto contributor to Ukraine's government, which has now collected over $50 million in digital donations.

The DAO was founded by Pussy Riot, a Russian art collective, and Trippy Labs, an NFT studio. The DAO's highest single donation came from a $6.5 million crowdfunded NFT sale on March 2, to which OnlyFans' 500 ETH donation contributed.

According to a spokesman, the DAO was stopped at around half of the 1,000 ETH reserve amount when OnlyFans made the 500 ETH donation. The OnlyFans donation pushed the total over the mark, and more donations began to pour in after that.