Lil Yachty, the 23-year-old rapper and Grammy nominee, is to mint an Ethereum-based cryptocurrency tokentoken in his name, announced Fyooz.io, the cryptocurrency platform on which Lil Yachty’s token will debut.
The American rapper, whose real name is Miles McCollum, is the latest to issue a so-called “social token”—a cryptocurrency bearing an influencer’s name that trades on cryptocurrency exchanges. An influencer can accept these coins as currency, redeemable for goods and services.
For all my fans outside the US, I partnered w/ @fyooz_io to make history. My lawyer is making me disclose that I’m being paid 🤷♂️ If you want to buy access to me #YachtyCoin is coming soon only on the Fyooz App #fyzhttps://t.co/NsIQ3AGJBd
Lil Yachty has 10.7 million listeners on Spotify, 9.8 million Instagram followers and 5.2 million Twitter followers. He is, said Remo Prinz, co-founder of Fyooz, in a press statement, “the face of cool and the sound of rhyme,” and “always in motion.”
Fyooz did not disclose when Lil Yachty’s token will launch or what the rapper plans to do with it. He will be the largest influencer to feature on the platform. Others registered to Fyooz include JAS CRW, a Swiss Afrobeats trio and Meta Hiltebrand, a Swiss celebrity chef.
The company is but the latest to jump on the train. There’s Roll, the social-token company headed by former Coindesk analyst Bradley Miles and founded last year. Then there’s Rally, a social-token platform that lets the community choose who can vote.
And Lil Yachty is but the latest rapper. Roll has signed up Akon and Ja Rule. Roll, to celebrate social tokens, produced a rap about crypto with Alex Masmej, a crypto marketer and entrepreneur, and Lil B, another rapper.
🎙️ Anytime I can blend hip hop culture and Web3, I try to do it. Here's a clip of ep. 1 of Roll Radio with @jarule and @AlexMasmej.
We talk Ja's journey to 30MM records sold, meeting @DMX, @S_C_ and more!
Publicly traded Bitcoin miner Bitdeer has increased its Bitcoin holdings by about 75% since the year began.
The firm’s latest investor release provides an update on its self-mining activity, which produced 110 Bitcoin in February—a small decrease from January’s mark of 126 BTC, which it attributes to last month having fewer days.
Self-mining, which refers to the company mining for its own holdings, makes up one-third of the company’s business ventures, alongside its cloud hash subscription and h...
Video-sharing platform Rumble added $17.1 million in Bitcoin to its corporate treasury, aligning itself with a crop of publicly traded companies that have added the world's oldest cryptocurrency to their balance sheets.
The Nasdaq-listed firm purchased roughly 188 Bitcoin for its treasury at an average price of $91,000 per token, the company said Wednesday in a statement. The Bitcoin is now worth about $15.5 million based on Wednesday’s price.
The move forms part of Rumble’s plan to allocate...
Binance, the world's largest cryptocurrency exchange, announce Wednesday that it has secured a $2 billion investment from the Abu Dhabi-based AI and tech investor MGX—a sovereign wealth fund.
The transaction was fully paid in stablecoins, according to Binance, and represents the exchange's first institutional investment and what it says is the largest single investment in a crypto firm to date. In a statement, Binance CEO Richard Teng framed the investment as "a significant milestone for the cry...
