- Lil Yachty, a rapper, is to launch his personal cryptocurrency.
- The crypto firm set to assist the token, Fyooz, introduced the information in a press launch immediately.
- No phrase but on when or…why.
Lil Yachty, the 23-year-old rapper and Grammy nominee, is to mint an Ethereum-based cryptocurrency token in his title, introduced Fyooz.io, the cryptocurrency platform on which Lil Yachty’s token will debut.
The American rapper, whose actual title is Miles McCollum, is the most recent to challenge a so-called “social token”—a cryptocurrency bearing an influencer’s title that trades on cryptocurrency exchanges. An influencer can settle for these cash as forex, redeemable for items and companies.
Lil Yachty has 10.7 million listeners on Spotify, 9.8 million Instagram followers and 5.2 million Twitter followers. He’s, mentioned Remo Prinz, co-founder of Fyooz, in a press assertion, “the face of cool and the sound of rhyme,” and “at all times in movement.”
Fyooz didn’t disclose when Lil Yachty’s token will launch or what the rapper plans to do with it. He would be the largest influencer to function on the platform. Others registered to Fyooz embody JAS CRW, a Swiss Afrobeats trio and Meta Hiltebrand, a Swiss celeb chef.
The corporate is however the newest to leap on the practice. There’s Roll, the social-token firm headed by former Coindesk analyst Bradley Miles and based final yr. Then there’s Rally, a social-token platform that lets the group select who can vote.
And Lil Yachty is however the newest rapper. Roll has signed up Akon and Ja Rule. Roll, to rejoice social tokens, produced a rap about crypto with Alex Masmej, a crypto marketer and entrepreneur, and Lil B, one other rapper.
Thus far, none of these rappers have launched their very own social cash tokens. So Lil Yachty could have a ‘lil head begin.
The views and opinions expressed by the writer are for informational functions solely and don’t represent monetary, funding, or different recommendation.