Lil Yachty, a Grammy-nominated American rapper, announced on Twitter that he has partnered with a Swiss-based token platform, Fyooz, to launch his own cryptocurrency. Yachty became the latest artist to enter the world of social tokens.
The rapper didn’t reveal the launch date but said the coin will arrive on the Fyooz app soon. Dubbed YachtyCoin, the new Ethereum-based cryptocurrency token will be available for trading after launch. Yachty can accept this coin as a currency and make it redeemable for goods and services.
Lil Yachty, whose real name is Miles McCollum, is not the first artist to launch his own cryptocurrency, singer Akon announced earlier this year to launch his cryptocurrency Akoin and added that Akoin will be used in Akon City. , a 2,000-acre development in Senegal.
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In an official Twitter announcement, Yachty said, “For all of my fans outside the US, I partnered with Fyooz to make history. My attorney is making me reveal that I am getting paid, if you want to buy access to me, YachtyCoin will soon arrive only on the Fyooz app. “
New fashion
According to Fyooz, global celebrities and influencers are showing great interest in cryptocurrencies. The Swiss-regulated platform added that the company has already tested the celebrity token structure with local influencers. “Without being able to connect with their live audience, performing artists will lose not only revenue but attractiveness. Artists run the risk of no longer being in sight and relevant. But Fyooz consolidates the relationship through a sign that represents access, rights and, ultimately, appreciable value. And all with one click for those stars who want to deliver this new experience. We are very excited to welcome Lil Yachty as the pioneering voice for this new generation. ” Remo Priz, co-founder of Fyooz, stated in a statement.
Lil Yachty has more than 10 million Spotify listeners along with 9.8 million followers on Instagram. Additionally, the rapper has 4.2 million followers on Twitter.
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