Movie star tokens are gaining reputation once more as Grammy-nominated rapper, Lil Yachty offered out his new social token, YachtyCoin, on Thursday in merely 21 minutes and 41 seconds.
The sale was performed on the Switzerland-based token platform, Fyooz, and was accessible to non-US patrons. Every token was priced at $15, that means the rapper raised round $375,000 from the sale.
“I’m nonetheless new and studying in regards to the crypto world, however I can inform you I’m partnering up with some very good folks to offer my followers some dope experiences,” Yachty stated in a press release.
For all my followers outdoors the US, I partnered w/ @fyooz_io to make historical past. My lawyer is making me disclose that I’m being paid 🤷♂️ If you wish to purchase entry to me #YachtyCoin is coming quickly solely on the Fyooz App #fyz https://t.co/NsIQ3AGJBd
— concrete boy boat (@lilyachty) November 18, 2020
The YachtyCoin house owners may have entry to the rapper, receiving objects from his profession and taking part in one-to-one video occasions. Moreover, they will obtain packing containers from Yachty’s mom, Venita McCollum.
The 23-year-old rapper is now collaborating with the Winklevoss twins’ NFT arthouse platform, Nifty Gateway. In a Twitter teaser, Yachty revealed that the choices for the brand new tokens will begin at 7 pm on December 15.
Not like conventional digital tokens, NFTs are totally different and designed to promote digital artwork. These tokens are non-fungible, that means holders can’t swap them for different cryptocurrencies.
— concrete boy boat (@lilyachty) December 10, 2020
The COVID-19 pandemic has broken the occasions trade, placing a maintain on reside occasions. This downside now prompted the artists to seek out alternate methods of immediately connecting with their fan base, and platforms like Fyooz and Nifty Gateway are tapping that chance.
“Todays’ promote out of $YACHTY proves there’s rising demand for social cash. We’re on the forefront of a brand new sort of financial relationship between artists, actors, athletes, players and influencers to interact their followers,” Fyooz’s Remo Prinz stated.