THELOGICALINDIAN - Lil Yachty has appear that hell be tokenizing himself with his own cryptocurrency The rap superstar is absolution the badge via the amusing belvedere Fyooz
The 23-year-old rap figure Lil Yachty is teaming up with Fyooz, a Swiss app that leverages tokenization to accord admirers admission to artists and influencers.
Lil Yachty is one of the world’s arch rap artists. He consistently collaborates with stars like Diplo, Drake, and Bhad Bhabie and has appear several hit singles, including “Peek A Boo,” “Pardon Me,” and “Split/Whole Time.”
The belvedere enables celebrities to actualize their own cryptocurrencies, which their admirers can again acquirement to appoint and accretion admission to their admired stars. Ownership of a badge can finer accord admirers a pale in an artist’s career, as able-bodied as privileges that they wouldn’t contrarily receive.
Announcing Lil Yachty’s move into crypto, Fyooz co-founder Remo Prinz said:
“We are actual aflame to acceptable Lil Yachty as a beat articulation for this new generation, the face of air-conditioned and the complete of rhyme. These qualities accomplish Lil a advance for Fyooz. He charcoal in connected motion and today instead of aiming to abide the problems absolute aural old industry models, Lil Yachty has abutting with Fyooz to actualize new methods of accepting afterpiece to admirers and in so accomplishing creating a new advance archetype for both admirers and stars globally.”
https://twitter.com/fyooz_io/status/1329020935119269895?s=20
Tokenization in the Music Industry
Some blockchain advocates accept that tokenization could be a basic buoy for the music industry.
While artists generally await on amusing media platforms like Facebook and Instagram to appoint with their fanbase, a tokenized apple could accommodate a new befalling for artists to authorize a loyal accumulation of followers in the agenda realm.
Lil Yachty isn’t the aboriginal artisan to dive into crypto, either.
The Grammy award-winning ambassador RAC has additionally released his own token. Meanwhile, Akon grabbed headlines with his affairs to body a cryptocurrency burghal beforehand this year.
Time will acquaint whether artists affective assimilate the blockchain will prove to be added than a fad. Recently, celebrities like the U.S. rapper T.I. accept been embroiled in their own apprehensive cryptocurrency-related activities, which may accept brought added skepticism to the space.
