Bitcoin
$ 19,099
Ethereum
$ 596.73
Litecoin
$ 88.12

Lil Yachty, Grammy Nominated Rapper, to Launch Ethereum Token

Lil Yachty, the 23-year-old rapper and Grammy nominee, is to mint an Ethereum-based cryptocurrency token 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.

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.

Lil Yachty, Grammy Nominated Rapper, to Launch Ethereum Token
Lil Yachty, the 23-year-old rapper and Grammy nominee, is to mint an Ethereum-based cryptocurrency token in his name, announced Fyooz.io, the cryptocurrency platform on which Lil Yachty’s token.

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.

So far, none of those rappers have launched their own social money tokens. So Lil Yachty may have a ‘lil head start.

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Spanish Crypto Investors May Soon Be Compelled to Reveal Holdings
December 2, 2020By
Spanish Tax Authority Set for Showdown Over Crypto Tax Evasion
December 1, 2020By
Russian prime minister promises to tackle digital currency scams
December 1, 2020By
China Central Bank Pushes for CBDC to Displace Dollar Dominance
December 1, 2020By
Facebook fined $6.1M in South Korea for sharing user data without consent
December 1, 2020By

Advertisement

Image

Crpyto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin19,099 0.59 % 2.12 % 0.04 %
Ethereum596.73 0.01 % 2.41 % 0.99 %
XRP0.6179 1.14 % 7.04 % 10.70 %
Tether0.9983 0.30 % 0.32 % 0.02 %
Litecoin88.12 1.32 % 0.60 % 1.05 %
Bitcoin Cash293.60 0.18 % 6.14 % 15.22 %
Chainlink13.66 0.31 % 5.64 % 12.26 %
Cardano0.1574 0.69 % 7.24 % 5.65 %
Polkadot5.200 0.24 % 5.41 % 9.07 %
Binance Coin30.61 0.74 % 2.68 % 9.29 %