The Grammy Award–winning band is turning to Rally to join the ranks of musicians launching fan engagement tokens.
The token was listed on social money platform Fyooz, where buyers, most likely fans of the rapper, bought $YACHTY for $15 each.
A blockchain-based streaming site is betting tokens can win over artists and fans.
Grammy-winning recording artist RAC explores the business of music and how crypto experiments could shift the balance of power.
Audius, a streaming service built on Ethereum, has raised $3.1 million from Multicoin Capital, Blockchange Ventures, Pantera Capital and Coinbase Ventures.
Developer Cindy Zimmerman and her mother Judy Katzman are among the cryptocurrency community’s most quietly prolific builders.