Meek Mill is seeking to become one of the latest musicians to bank on Bitcoin.
As more music distributors are offering artists payment in cryptocurrency, the rapper wants to join in after claims of poor business dealings with his label, Atlantic Records through Maybach Music Group.
Meek Mill aims to follow in the footsteps of Atlanta rapper Money Man, who announced he’ll be receiving his album advance — $1,002,912 or $68,000 per digital token —in Bitcoin through Cash App for his next record deal, Vibe reports.
“Ima get my next record deal paid in bit coin behind @moneyman,” Meek shared on his Instagram Story.
Money Man’s decision for his album advance is backed by EMPIRE — his music distributor. On Nov.9, EMPIRE announced that they are offering their artists the option to receive their advances through Bitcoin — making Money Man the first artist to be paid their advance entirely in Bitcoin by a record label.
The news comes in as another crypto win for Money Man. Back in 2020, he used his investments in Bitcoin to help buy himself out of his Cash Money record deal, according to the outlet.
Meek wanting to tap into Money Man’s route follows his Twitter rants, where he shared what he’s currently experiencing in the music industry.
“I haven’t get [sic] paid from music and I don’t know how much money labels make off me,” Meek posted in a since-deleted tweet. “I need lawyers asap!!!”
He continued: “Ask the record label? How much have you spent on me as a artist? Then you ask how much have you made off me as a artist? I’m about to make my record deal public by Monday just to let the world see what these people on!!!”
From the looks of the ongoing issues with his record label, many believe that Meek is looking to buy himself out of his record label, similar to Money Man, according to the outlet.