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!
A century-old Japanese textile company has become the latest financially battered firm to turn to Bitcoin as a treasury asset, announcing plans to purchase up to $5.4 million (800 million yen) in crypto to stabilize its bottom line after years of losses and muted cash flow.
Kitabo Co., Ltd., a Tokyo Stock Exchange-listed textile manufacturer that produces synthetic fibers and industrial materials, announced in a statement on Tuesday that it will begin gradually acquiring Bitcoin using dollar-cos...
Tesla’s long-awaited retro-style diner finally opened over the weekend in Los Angeles, and yes, there’s rollerskating waitstaff, rooftop seating, and a humanoid robot handing out popcorn. No, you can’t pay in Dogecoin, yet.
Located near the iconic Paramount Studios, the two-story fever dream sits atop a Supercharger hub with 80 EV-only parking spaces.
Part midcentury nostalgia trip, part Muskovite experiment, the diner has seating for 250 people and features two, drive-in-movie-sized LED screens...
SpaceX has moved $153 million of its Bitcoin holdings, marking its first blockchain activity in three years, according to on-chain data provider Arkham Intelligence.
The aerospace company moved 1,308 BTC tokens from 16 Pay-to-Public-Key-Hash addresses to a sole SegWit-compatible Pay-to-Witness-Public-Key-Hash wallet address, the data shows. SpaceX currently has 8,285 Bitcoin, or $988.89 million worth of the token, on its balance sheet, according to data from bitcointreasuries.net.
SpaceX last m...