Lil Yachty's First Crypto Collectible Sells for $16,050

Lil Yachty's First Crypto Collectible Sells for $16,050

THELOGICALINDIAN - Rap artists oneofakind YachtyCoin badge awash on Nifty Gateway today

Grammy-nominated rap artisan Lil Yachty awash a custom crypto collectible badge for $16,050 on Nifty Gateway today.

Lil Yachty Embracing Crypto 

The American rap superstar launched the token, blue-blooded “YachtyCoin,” in affiliation with Fyooz. His agenda art allotment is a collectible non-fungible badge (NFT). There is alone one YachtyCoin in existence, authoritative the account a attenuate and potentially admired collectors’ item.

The badge capacity Lil Yachty’s face and the Bitcoin logo:

The badge was listed via the bargain belvedere Nifty Gateway on Tuesday. The bargain ran for 24 hours, and behest started at $100. Lil Yachty’s badge admiring five-digit bids from abode DJ 3LAU during the auction. Tyler Winklevoss, who runs Nifty Gateway ancestor aggregation Gemini, additionally bid on the item.

A behest aberration took abode in the final hours of the auction, until Bill Lee (under the username “westcoastbill”) placed a acceptable bid moments afore the bargain closed.

The bargain circuit out a active end of the year in crypto for the 23-year-old rap icon. In backward November, Lil Yachty announced affairs to actualize an Ethereum-based cryptocurrency with the advice of crypto exchange Fyooz. The auction awash 25,000 YACHTY tokens in beneath 22 account and aloft $375,000.

Lil Yachty has been active alfresco of the blockchain as well: on Tuesday, he revealed a attach acrylic cast alleged CRETE.

Crypto and Music Worlds Collide 

Lil Yachty isn’t the alone artisan to embrace agenda art on the blockchain this year. In October, 3LAU’s one-of-a-kind allotment “Star Crossed” awash for 33.3 ETH, account about $13,000 at the time. It was advised with the advice of beheld artisan Slime Sunday.

The brace additionally partnered for a accord alleged SSX3LAU, adopting over $42,000 on Nifty Gateway. 

Meanwhile, Portland-based music artisan RAC awash a different allotment alleged “Elephant Dreams” for 70 ETH ($45,000). It followed added big moves of his including the absolution of a rare cassette mixtape that was tokenized on Ethereum, as able-bodied as his own amusing token. 

But it’s Lil Yachty’s move into crypto that’s bent the best absorption from the music apple recently. His contempo badge absolution was broadly covered by account outlets, decidedly afterwards its accelerated sellout. 

Lil Yachty is one of the world’s better rap artists. His hit singles accommodate “Coffin,” “One Night” and “Pardon Me,” and he consistently works with stars like Chance the Rapper and Drake. 

Disclosure: At the time of writing, the columnist of this affection endemic ETH amid a cardinal of added cryptocurrencies.