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Rapper Lil Yachty Enters $500B Cryptocurrency World With New YachtyCoin

Rapper Lil Yachty is making a splash in the cryptocurrency world with his own personal venture. This week, the Grammy-nominated artist became the latest celebrity to try his hand at the $509.5 billion-valued global crypto market with the launch of his very own self-named currency, the “YachtyCoin,” Forbes reports . According to Complex, the newly-introduced currency will act as a “social token” in his name, popularity, and influence that will be offered up as leverage to purchase his work through the coin. Lil Yachty’s Ethereum-based token will reportedly debut on Fyooz — a “fully compliant, Swiss regulated, global platform where celebrities and influencers can issue their own cryptocurrency via the process of tokenization on the blockchain,” according to a statement from Fyooz. The global pandemic has placed a huge strain on the music industry this year. Social distancing rules has forced it to pivot to creative tactics...

Njera Perkins

Dec 2, 2020