- Lil Pump is launching his personal cryptocurrency: PumpCoin.
- It’s a collaboration with Fyooz, a platform that turns celebrities into tradable tokens.
- A PumpCoin NFT is coming quickly, through the Winklevoss twins’ digital artwork market.
Rapper Lil Pump, maybe finest identified for songs like “Gucci Gang,” and for shilling for Donald Trump earlier this yr, is launching a cryptocurrency referred to as PumpCoin.
It’s a collaboration with Fyooz, an organization that basically securitizes movie star standing, peddling cash themed after common creators and influencers.
In keeping with a press launch, PumpCoin “will allow you to recreation immediately with the rapper himself,” in addition to interact with Lil Pump in different, unspecified methods. No phrase but on how precisely that’s going to work. The corporate stated the coin could be introduced later at the moment, and described it as being “like Cameo however even cooler.” (Cameo is a service that permits you to pay celebrities to ship you personalised movies.)
A consultant for the corporate confirmed to Decrypt that PumpCoins will solely be obtainable exterior of the US, because of SEC laws. The corporate plans to launch the cash in early 2021.
And as with the Yachty partnership, the platform has joined forces with the Winklevoss twins’ digital artwork market, Nifty Gateway, to launch a one-of-one NFT modeled after the PumpCoin. NFTs are non-fungible tokens, that are collectible blockchain-based property.
Lil Pump initially discovered fame with “Gucci Gang,” a tune that one way or the other by no means made it to No. 1 on the Billboard Scorching 100, however that was inescapable within the fall of 2017. He put out an album early final yr referred to as Harverd Dropout, which debuted within the high ten.
In a bid for renewed relevance, Pump determined to rally behind President Donald Trump’s reelection marketing campaign earlier this yr; inviting the rapper to say just a few phrases simply earlier than the election, Trump launched him as “Little Pimp.”
Trump ended up successful Florida, Lil Pump’s dwelling state, although it’s laborious to say whether or not that may be attributed to a Pump Bump.
PumpCoin isn’t Lil Pump’s first crypto-related enterprise: final yr, his on-line merch retailer started accepting payment in Bitcoin.
Different rappers have been getting on board with crypto, currently, too—simply yesterday, Megan Thee Stallion gave out $1 million in Bitcoin through Twitter.
Editor’s word: This story was up to date to make clear that Fyooz plans to announce, not launch, PumpCoin later at the moment. The discharge date is ready for someday in early 2021.