Lil Yachty Announces His Own Cryptocurrency ‘YachtyCoin’


Grammy nominated rapper Lil Yachty is dipping his toes into the cryptocurrency water by tokenizing himself with his own “YachtyCoin” to cash in on the $509.5 billion global crypto market. The “social token” arena Yachty will be participating in has become very popular with cryptocurrencies bearing influencer’s names trading on centralized exchanges.

The rapper’s Ethereum-based token will be introduced on the Swiss-based platform Fyooz. Yachty is banking on his cult-like following—which translates to nearly 20 million social media followers and 10 million Spotify listeners—to gravitate to the coin. Taking ownership of a “YachtyCoin” will basically make the fans a shareholder/investor in Yachty’s career. Additionally, they will receive access and privileges that the average listener won’t be able to access.

The initial sale of 25,000 $YACHTY coins on Fyooz App was sold out in 21 minutes and 41 seconds!

Yachty isn’t the first rapper to venture into cryptocurrencies. Nas is an investor in the cryptocurrency trading platform Coinbase while The Game is on the advisory board at Paragon, a cryptocurrency startup tailored to the marijuana industry. Also, Akon has leveraged his celebrity and knowledge of cryptocurrencies to create his Akon City which will operate on his Akoin currency.

HEADER IMAGE is from @fyoozapp on Twitter