Full-service investment company Genesis Block Ventures (GBV) announces an investment in NFT-powered social platform Only1. Genesis Block Ventures would accelerate the development of the first social NFT platform built on Solana to enable global fans to connect with the creators they love with the innovative NFT technology.
Only1 is the first NFT-powered social platform built on the Solana blockchain. The innovative marketplace allows fans to invest, access, and earn from the limited edition contents created by the world’s largest influencers, celebrities, all powered by NFTs.
Uniquely positioning itself as the “OnlyFans but with NFTs built on Solana”, Only1 deploys NFTs for one-on-one fan-KOL engagement, with an aim to revolutionize the way influencers engage with their fans.
Influencers and creators will be able to mint their own Content NFTs for their fans and receive Only1’s native tokens as a reward for engagement. On the other hand, they will be able to stake the tokens on their favorite influencers’ profiles for additional token rewards.
Furthermore, Only1 brilliantly solves the major gas fee challenge hindering mainstream creators and fans from entering the NFT space. Built on top of the Solana blockchain, Only1 provides users with the technology advantages of low transaction fee, high speed, and enhanced asset security.
Only1: Solana’s First Social NFT Marketplace
At Genesis Block Ventures, our mission from day one has been to build the future through blockchain technology. We have invested in some of the most prominent blockchain startups, such as Serum, Bonfida, Maps.me, AstroTools, SuperFarm, Winder World, Xcademy, among others, making sure that these projects achieve success through strategic partnerships and guidance.
“We see the NFT market as a big step forward to open up global fans to the world of digital collectibles. And Only1 is now bringing together the best of the two: the technical advantages Solana has, and the enormous potential for NFTs to offer better economics for creators, creating the new world of NFT on Solana. Investing in Only1 is a no-brainer.” — Leslie Tam, Genesis Block Ventures’ co-founder and partner.
We’ve known Leon Lee and the rest of the Only1 team through their work in the crypto space over the last several years. Leon and his team’s backgrounds bring an incredible mix of multi-chain crypto and NFT experience, product skills and technology expertise, as well as the drive and enthusiasm. Through the investment, we are excited to participate in Only1’s journey to reshape the social network and the global influencer economy!
Only1 is the first NFT-powered social platform built on the Solana blockchain. Mixing social media, an NFT marketplace, a scalable blockchain, and the native token, Only1 offers fans a unique way of connecting with the creators they love.
By using the Only1 platform, fans will have the ability to invest, access, and earn from the limited edition contents created by the world’s largest influencers/celebrities, all powered by NFTs.
About Genesis Block Ventures
Genesis Block Ventures (GBV) is a full-service investment company closely working with Genesis Block HK, Asia’s leading digital asset over-the-counter (OTC) trading center.
As a private investment company with a mission of building the future through blockchain technology, Genesis Block Ventures is an active participant in the DeFi revolution, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects.