The 23-year-old Grammy-nominated rapper Lil Yachty sold $375,000 worth of $YACHTY tokens in a token sale.
Lil Yachty sold off 25,000 tokens, or 25% of the entire supply, at $15 each. The token sale has exhausted its supply in 21 minutes and 41 seconds.
Fyooz split the money down the middle with Lil Yachty. Anyone can participate, as long as they aren’t from specific jurisdictions, Lil Yachty’s native USA.
“I’m still new and learning about the crypto world, but I can tell you I’m partnering up with some very smart people to give my fans some dope experiences,” said Lil Yachty, real name Miles McCollum, in a statement.
Fyooz stated that owning a Yachty Coin will give the fans of the rapper “experiential access that no one else can get.” It includes “surprise boxes” prepared by his mother, which has some of Lil Yachty’s belongings, as well as the prospect of a video chat with Lil Yachty. It is a “guarantee of a fun time together,” the statement says.
Remo Prinz from Fyooz stated, “Today’s sell-out of $YACHTY proves there is a growing demand for social money. We are at the forefront of a new type of economic relationship between artists, actors, athletes, gamers, and influencers to engage their fans.”
Yachty is not available for an interview, a Fyooz spokesperson stated. This week, he has been busy resolving a feud with a TikTokker Bryce Hall, whom he claimed had overreacted to a lyric that sexualized Hall’s girlfriend, TikTokker Addison Rae.
Yachty maintained that he sexualized Rae while she and Hall weren’t together. He told Hall, “I don’t want yo bitch boy.” Yachty yesterday made an apology when he accepted, “I’m a man, you’re a man, and that is your girl.”
It isn’t yet seen how Lil Yachty’s crazy life will affect the price of $YACHTY once traded publicly.
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