Key Takeaways
Lil Yachty has launched a one-of-a-kind digital artwork piece referred to as ‘YachtyCoin,’ which bought for $16,050 right this moment.
The NFT sale follows the latest launch of the rapper’s Ethereum-based YACHTY cryptocurrency.
The tokens had been launched in partnership with Fyooz.
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Grammy-nominated rap artist Lil Yachty bought a customized crypto collectible token for $16,050 on Nifty Gateway right this moment.
Lil Yachty Embracing Crypto
The American rap celebrity launched the token, titled ‘YachtyCoin’, in partnership with Fyooz. His digital artwork piece is a collectible non-fungible token (NFT). There is just one YachtyCoin in existence, making the merchandise a uncommon and doubtlessly useful collectors’ merchandise.
The token particulars Lil Yachty’s face and the Bitcoin emblem:
The token was listed by way of the public sale platform Nifty Gateway on Tuesday. The public sale ran for 24 hours, and bidding began at $100. Lil Yachty’s token attracted five-digit bids from home DJ 3LAU in the course of the public sale. Tyler Winklevoss, who runs Nifty Gateway guardian firm Gemini, additionally bid on the merchandise.
A bidding frenzy passed off within the ultimate hours of the public sale, till Invoice Lee (beneath the username “westcoastbill”) positioned a profitable bid moments earlier than the public sale closed.
The public sale rounds out a busy finish of the 12 months in crypto for the 23-year-old rap icon. In late November, Lil Yachty introduced plans to create an Ethereum-based cryptocurrency with the assistance of crypto market Fyooz. The sale bought 25,000 YACHTY tokens in beneath 22 minutes and raised $375,000.
Lil Yachty has been enterprising exterior of the blockchain as properly: on Tuesday, he revealed a nail paint model referred to as CRETE.
Crypto and Music Worlds Collide
Lil Yachty isn’t the one musician to embrace digital artwork on the blockchain this 12 months. In October, 3LAU’s one-of-a-kind piece ‘Star Crossed’ bought for 33.three ETH, price round $13,000 on the time. It was designed with the assistance of visible artist Slime Sunday.
The pair additionally partnered for a collaboration referred to as SSX3LAU, elevating over $42,000 on Nifty Gateway.
In the meantime, Portland-based music artist RAC bought a singular piece referred to as ‘Elephant Desires’ for 70 ETH ($45,000). It adopted different massive strikes of his together with the discharge of a uncommon cassette mixtape that was tokenized on Ethereum, in addition to his personal social token.
Nevertheless it’s Lil Yachty’s transfer into crypto that’s caught essentially the most consideration from the music world not too long ago. His latest token launch was broadly lined by information shops, notably after its speedy sellout.
Lil Yachty is without doubt one of the world’s largest rap artists. His hit singles embrace ‘Coffin’, ‘One Evening’ and ‘Pardon Me’, and he usually works with stars like Likelihood the Rapper and Drake.
Disclaimer: On the time of writing, the writer of this characteristic owned ETH amongst various different cryptocurrencies.
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