Only1 Executive Summary
Official Only1 Whitepaper, updated June 2022

Social platform powering the Web 3.0 Creator Economy

Only1 is the first web 3.0 social platform built on Solana, backed by Alameda Research. The platform offers an on-chain creator economy via the NFT marketplace and creator staking pools so that creators and viewers are rewarded fairly, NFT-gated access to content creators, and a decentralized content governance system that gives control back to the users for the types of content they wish to consume. Users will not only be able to connect with the creators they love in a unique way, but also to invest and earn part of the creatorโ€™s growth.
There are over 4.48 billion social media users worldwide as of 2021, with the average user accessing 6.6 social media platforms on a monthly basis. However, it has been an increasingly uncontroversial belief that the centralized social media corporations are holding too much power over our personal data, influencing the way we think, and are being unfair to the content creators that ultimately makes these platforms useful.

Highlights

Product

  • Aug 2021 - Closed $3,000,000 round led by Alameda Research
  • Sep 2021 - Only1 Beta Release
  • October 2021 - Generated $2,000,000 from The Ones NFT via INO Launchpad
  • November 2021 - Appearance on Solana Breakpoint Conference, listed on Kucoin (LIKE/USDT), partnered with GenesysGo
  • December 2021 - Generated $500,000 for DuckDAO via INO Launchpad
  • January 2022 - Accumulated 20,000,000 LIKE staked on our Creator Staking Pools
  • February 2022 - Announcement of Only1 2.0 and launch of Direct Message Feature

Appearances