Flame Technologies Acquires Nafty

ZUG, Switzerland—Flame Technologies AG, the company behind the sex-positive social media platform Sharesome, has announced that it has acquired all assets of the Nafty ecosystem, one of the most recognized Web3 projects for adult content creators, for an undisclosed sum. Flame Technologies and the Nafty team will together pursue their common vision of bringing social media and decentralized finance (DeFi) together. The Nafty Web3 ecosystem includes a blockchain-based payment solutions API, an NFT marketplace, a content subscription platform and a crypto-based fanclub. In the past years, the adult industry saw a shift from studios and tube sites to independent content creators on social media. However, it is increasingly difficult for them to promote NSFW products there, so Flame Technologies developed the social discovery platform Sharesome for content creators where they can advertise paysites like OnlyFans. Sharesome has almost 2 million monthly active users and 400 million posts viewed every month. Users spend an average of eight minutes on the site. Sharesome already has a Web3 layer in the form of Flame Token, a blockchain-based token compatible with the ERC-20 standard of the Ethereum blockchain. To be used on Sharesome, Flame Tokens must be exchanged into Flame Credits. Flame Credits are used as a value transfer mechanism on the platform. Right now, Flame Credits are used for tips and other digital services. Advertising on Sharesome is only paid with Flame Credits. Flame Technologies’ strategy is to build the utility before the token is listed on an exchange. “A token without a use case has no value. This is why we first created the utility on Sharesome, and haven’t listed on exchanges. Although we feel that now would be the right time to do this,” said Flame Tech founder and CEO Robert Knapp. Flame Technologies aims to fully integrate the Nafty NFT marketplace into Sharesome by offering collectible avatars to the entire Sharesome user base. Sharesome would be the third social media network with NFT avatars, after Twitter and Reddit launched NFT-based avatars this year. The team also plans to integrate Nafty’s content subscription platform into Sharesome’s already existing Pro subscription. Flame Technologies will also announce an exchange program that will allow Nafty Token holders to exchange their tokens for Flame Tokens. At the heart of Sharesome’s SocialFi strategy are adult content creators, influencers and participants who want better control over their content and the ability to monetize their social media following and engagement. “I believe that joining Flame Technologies is the best thing that could have happened to Nafty. Sharesome has the necessary traffic to breathe life into Nafty’s platforms. The team of Flame Technologies has shown, time and again, that they care about their users and will do the best for them,” says Georgi Dimitrov of Nafty International. “I am super happy that Nafty joined the Flame Family. The acquisition fits 100 percent into our strategy of gradually adding more Web3 tech on top of Sharesome, our flagship product with almost 2 million monthly users. We believe that Social Finance is the solution to a lot of problems that we aim to solve. We’re trying to bring social media to the adult industry, and crypto to social media. With Nafty’s Web3 tech, we just became faster,” says Knapp. For more information, visit flametoken.io or email [email protected] Flame Technologies AG is also on Discord, Twitter and Telegram.