Kanye West is making waves once more, this time specializing in cryptocurrency. The rap icon and entrepreneur has introduced plans to launch his blockchain, signaling his ambition to construct a digital empire on his phrases. Recognized for pushing boundaries in trend, music, and enterprise, Ye is now specializing in constructing his monetary ecosystem, signaling that he’s not simply taking part in the sport; he needs to rewrite the foundations.
West made the revelation in a tweet, sharing a photograph of textual content messages from a person named Edward. The messages prompt that Ye has sufficient affect to construct his blockchain, probably known as “YZYCHAIN.”
The textual content additional outlined how tasks like Cardano took years to completely develop and raised billions within the course of. The concept was that Kanye may fork Solana and even Dogecoin to create a community the place customers mine tokens to assist the ecosystem.
However that’s not all. Ye attacked present memecoins saying they’re faux and intends to launch a coin of his personal. However he set off a firestorm with a suggestion for a token known as “Swasticoin,” a reputation related to Nazi Germany. That has solely fueled the backlash towards his current feedback concerning the Jewish group.
Ye has been exploring a number of blockchain networks, naming Ethereum, Solana (spelled “Solona” by Ye), BNB Chain, and Hyperliquid. And he’s additionally apparently very considering connecting with Binance co-founder Changpeng “CZ” Zhao.
He even reshared certainly one of CZ’s posts attacking decentralized exchanges. CZ later reacted with a pondering emoji and a comment about Ye’s skyrocketing follower rely.
Sources near Ye have confirmed that he’s planning to launch a token subsequent week, with 70% of its supply reserved for himself. The report additionally talked about that the token may be known as “YZY,” suggesting it might be a unique challenge from “Swasticoin.”
This isn’t Ye’s first try at monetizing Nazi imagery. He lately bought T-shirts labeled “HH-01,” believed to face for “Heil Hitler,” that includes a Swastika. The controversy escalated when a Tremendous Bowl industrial directed viewers to his web site, although it didn’t explicitly promote the shirts earlier than the positioning was taken down.
Whereas Ye has declared, “Time to launch my very own blockchain,” his erratic habits leaves room for uncertainty. Whether or not he follows by way of or abandons the thought stays to be seen.
Additionally Learn: Bybit CEO Ben Zhou Calls Pi Coin a Scam Amid Mainnet Launch
