Hip Hop Stars Hit Cryptocurrencies Hard
These days you’ll battle to find a conversation taking place around an office water dispenser, at a restaurant, on a plane, at a cocktail party, at barbeque or at a sports event that doesn’t at some point turn to the topic of cryptocurrencies (which are also known as crypto coins, digital coins or virtual currencies), nor a more polarizing one.
The reason is that when it comes to cryptocurrencies, for every 10 people you meet who swear that virtual currencies are the new ‘gold,’ you’ll encounter 10 more who swear digital coins are ‘fool’s gold’ or a ‘bubble, waiting to burst.’ It seems people are either for or against virtual coins that have many novel ways for people to spend them.
Rising Number of Celebrities Support Digital Coins
Once solely the domain of a select few investors and super smart computer geeks, today crypto coins are everywhere and available to anyone who is willing to invest the money, time and resources required to mine them for free, or buy them at one of many cryptocurrency exchanges that have popped up all over the net, celebrities included.
According to news reports, notable crypto fans include Hollywood film star Jamie Foxx, socialite Paris Hilton, former boxing champ Floyd Mayweather Jr., the Winklevoss twins Cameron and Tyler (who sued Facebook founder Mark Zuckerberg for stealing their idea), and even hip hop stars like Ghostface Killah, Snoop Dogg, Too Short and Bow Wow.
Ghostface Killah Co-Founded Cream Capital
It seems that in the hip hop world cryptocurrencies are the ‘new bling’ and the ‘who’s who’ of the rap music scene is investing in existing virtual currencies and even launching new ones. In October 2017, for instance, hip hop megastar Ghostface Killah from the renowned rap group Wu Tang Clan announced the launch of a new crypto firm, Cream Capital.
Ghostface Killah (real name Dennis Coles) is a co-founder, major investor as well as the CBO (Chief Branding Officer) of Cream Capital which is aimed at ‘building the world’s largest cryptocurrency ATM network and the first Ethereum-based dual token system.’ According to reports, Cream Capital is on track to raise $30 million via an initial coin offering (ICO).
Built using Ethereum blockchain technology, Cream Capital bills itself as the world’s most stable cryptocurrency that can be used for everyday transactions. As is the case with most virtual coins, the total supply of Cream (the name given to this particular coin) is determined by its current market capitalization which means it’s susceptible to fluctuations.
Host of Hip Hop Stars at SparkleCOIN Party
These fluctuations, however, is the hallmark of all electronic coins, which is why they have as many critics as they have fans. Ghostface Killah aside, other hip hop stars to hit cryptocurrencies hard include Too Short, Bow Wow and rapper royalty himself, Snoop Dogg. In December 2017 all three of these hip hopsters were spotted at a lush party hosted by SparkleCOIN.
The glittering shindig in Beverly Hills, Los Angeles served two purposes. The first was to celebrate the fact that SparkleCOIN made history as the first ever cryptocurrency to reach a double-digit value during its ICO ($37). The second was to launch its VCoin Exchange that facilitates the buying, selling or trading of SparkleCOIN with other crypto coins as well as FIAT currencies.
Snoop Dogg Awarded 1,500 SparkleCOIN for Charity
Leading up to the party SparkleCOIN’s ICO raised approximately $15 million to make it one of the most successful ICO’s to date. By way of celebrating this tremendous achievement, the digital coin firm raffled off $80,000 in SparkleCOIN to three lucky ticketholders, plus awarded Snoop Dogg 1,500 SparkleCOIN (worth $55,000) to donate to his charity, SYFL.
Snoop Dogg is no newbie when it comes to cryptocurrencies as he’s been interested in digital assets since December 2013 when he tweeted: “My next record available in bitcoin n delivered in a drone.” Perhaps Snoop loves the fact cryptocurrencies are decentralized i.e. neither owned nor controlled by any individual, company, financial institution or government.
PotCoin Supported Snoop Dogg’s SYFL Charity
In February 2014 another cryptocurrency called PotCoin which aims to become the standard form of payment for legalized cannabis, helped raise 55,000 PotCoin for the Snoop Dogg’s non-profit youth sports charity, Snoop Youth Football League (SYFL). The league is aimed at inner-city kids 5 to 13 which gives them the opportunity to play or cheer football.
Another hip hop star who is no stranger to cryptocurrency is Los Angeles rapper Nipsey Hussle who got involved with Bitcoin in 2013 on the advice of leading fashion designer, artist and entrepreneur, Marc Ecko. Since then Hussle has been a big proponent of virtual currencies and in August 2017 even acquired a major stake in Dutch crypto firm, Follow Coin.
Follow Coin Co-Owned by Rapper Nipsey Hussle
Nipsey Hussle’s Follow Coin lets fans of digital currencies (of which there are over 1450) to follow the opinions and trades of many verified cryptocurrency experts i.e. virtual currency pioneers and influencers. By following these experts and their best performers, users can benchmark their own coin portfolios, trades and the various crypto markets in general.