Following Akon, the famous American rapper as well as singer Lil Yachty is going to become the newest music artist to step into the world of digital currencies as he is planning on launching his own digital currency. Yachty revealed his plans in a tweet to release his Ethereum-based cryptocurrency called YachtyCoin very soon.
Making this announcement recently on Twitter, the American Rapper said that he has joined hands with Fyooz a well-known token platform based in Switzerland. He will collaborate with Fyooz for launching his digital currency. It has not been revealed by him the official release date of the digital token however he said that the token is going to come very soon. According to Yachty’s tweet, his ETH-based digital currency will only be available on the Fyooz application.
As he said in the tweet:
“For all my fans outside the US, I partnered with Fyooz to make history. My lawyer is making me disclose that I’m being paid, If you want to buy access to me, YachtyCoin is coming soon only on the Fyooz App.”
The token platform Fyooz said that a celebrity token structure with the help of native influencers has already been tested by the company. Adding more to it, it said that cryptocurrencies have witnessed an overwhelmingly increasing interest by influencers and celebrities from across the whole world over recent times.
Commenting on this, the co-founder of Fyooz Remo Priz said that they are delighted to form a partnership agreement with Lil Yachty and welcome him as a “voice for this new generation”. “Artists run the risk of no longer being in front of mind and relevant. But, Fyooz cements the relationship by way of a token which represents access, rights, and in the end, appreciable value,” he added.
Lil Yachty is not the only American rapper or singer who has shown interest in developing his own digital currency but prior to him, another popular American rapper Akon also said at the beginning of this year to release his own cryptocurrency known as Akoin. Akon plans to make his digital token available for usage in his Akon City.
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