Lil Yachty, Grammy Nominated Rapper, to Launch Ethereum Token

[Galaxy]

Lil Yachty is but the latest rapper to get into so-called “social tokens.” Lil Yachty, the 23-year-old rapper and Grammy nominee, is to mint an Ethereum-based cryptocurrency token in his name, announced Fyooz.io, the cryptocurrency platform on which Lil Yachty’s token will debut.

The American rapper, whose real name is Miles McCollum, is the latest to issue a so-called “social token”—a cryptocurrency bearing an influencer’s name that trades on cryptocurrency exchanges. An influencer can accept these coins as currency, redeemable for goods and services.
Info link: https://decrypt.co/48736/lil-yachty-ethereum-cryptocurrency-token