DeAndre Cortez Way, popularly known as Soulja Boy, has released a new single. What makes this single so special? This single can only be bought using the Shiba Inu cryptocurrency.
Soulja Boy’s Tango With Crypto
Soulja Boy announced the release of his single, which can only be purchased using Shiba Inu coins.
This Shiba Inu promotion tactic by the Chicago-born isn’t the rapper’s first rodeo with cryptocurrency. The rapper who had released a song dedicated to Bitcoin back in 2018 had once hinted at creating his cryptocurrency.
Soulja Boy once took to his Twitter account to ask his millions of followers the best way to purchase digital assets. His followers quickly pointed out various platforms the rapper could use, such as Blockchain.com, eToro and OKCoin, with some of these platforms marketing themselves.
Earlier during the year, the rapper went on to ask his followers about their thoughts on him “creating his own crypto.” Although he didn’t create his unique non-fungible token (NFT), he would not be the only rapper to explore the NFT marketplace.
Rappers with Crypto Ties
Crypto coins such as Bitcoin, Ethereum, Dogecoin and Shiba Inu have taken the world by storm. From financial institutions offering crypto services to educational institutions and businesses accepting crypto as payment, crypto is slowly becoming essential.
Hip-hop artists are not getting left behind! Several rappers are using their hard-earned cash to invest in crypto coins. Some of these rapers include Jay Z, Snoop Dogg, Soulja Boy as aforementioned, Meek Mill, Lil Yatchy and the late Nipsey Hussle.
Billionaire businessman and rapper Jay Z has not publicly addressed how much he has personally invested in crypto, but the mogul is a silent partner in the Robinhood app.
Jay Z, alongside Twitter founder Jack Dorsey, has a Bitcoin fund for India and Africa. The project, ₿trust, is worth roughly 500 BTC, which is around $23 million.
Rappers and NFTS
Renown rapper Snoop Dogg recently released first NFT collection. The collection is dubbed “A Journey with the Dogg” and is a collection of his iconic lines, life and an original track.
Snoop Dogg also revealed that he is an NFT whale. The 49-year-old rapper revealed through his Twitter account that he owns the Twitter handle @CozomoMedici. This particular account owns NFT collectibles worth over $17 million.
Meek Mill, who has invested in Bitcoin, revealed that he invested $50K on DOGE earlier this year.
Lil Yachty is another rapper that dipped his toes into the crypto waters. The Grammy-nominated rapper tokenized himself by creating ‘YatchyCoin’ late in 2020. The Ethereum-based token debuted on Fyooz, a Swiss-based platform.
The late Nipsey Hussle is another rapper who started his own cryptocurrency. While in a group interview with Bancor founder Galia Benartzi, Mark Ecko, Snapchat and Uber designer Iddris Sandu and Ethereum co-founder Joe Lubin, Nipsey talked of when he first heard of BTC.
The Los Angeles rapper mentioned that he first heard of Bitcoin back in 2013 when it was worth $700. Hussle went on to explain how he later became the co-owner of his cryptocurrency, Follow Coin.