Are you familiar with the latest trends in the cryptocurrency world? I bet you are but are you excited about those new coins emerging on a daily basis? Well, this might be a tricky question, having in mind new cryptocurrencies come out every few days.
Are you familiar with the latest trends in the cryptocurrency world? I bet you are but are you excited about those new coins emerging on a daily basis? Well, this might be a tricky question, having in mind new cryptocurrencies come out every few days. While some quickly get real big hits, striking deals with major corporations, others fail just as quick. It looks like everyone is delivering the cryptocurrency of the future these days.
This is why it should not come as a surprise when celebrities decide to join the party. Do you know who Ol’ Dirty Bastard is? Yeah, that’s right, the guy from Wu-Tang Clan who passed away in 2004. His son Young Dirty (Bar-Son James) is issuing Dirty Coin later in 2018. The token is developed by Link Media Partners and the estate of Ol’ Dirty on the top of the TAO blockchain. Once the token is live it would be available for trade in the AltMarket exchange.
Celebrities are no stranger to publicly endorsing cryptocurrency projects but the US Securities and Exchange Commission has warned several times that such endorsements could be treated as a violation of the anti-touting laws.
When it comes to Dirty Coin, its creation is just an alternative approach of Young Dirty to raise funds for his upcoming album. Moreover, fans that hold tokens can purchase Young Dirty music and merchandise and attend shows at preferential prices. The rapper himself explained “If fans basically bought a Dirty Coin before the concert, they have a better chance of getting in, probably for the price of nothing. So it’s a big opportunity for our fans.”
When discussing the whole cryptocurrency concept with CoinDesk he stated that cryptos are “the biggest thing known to man.” He also suggested that other performers might also want to join the party once they realize the potential of cryptocurrencies – “When other artists get involved, I think there’s gonna be a chain reaction.”
Those backing Dirty Coin state that it is going to be the first initial artist offering. The ICO (or IAO if you prefer) is perhaps taking place in the summer, though no concrete date has been set yet. The chief executive officer of AltMarket Bryce Weiner commented, “Music thrives creatively and financially when it’s in the hands of the artist themselves. By removing the price tag of experimentation, we’re able to deliver for both the artist and their fans.”