Well-known Rapper Ja Rule at present introduced that he’s promoting Fyre Competition’s company emblem as a Non-Fungible token (NFT). The Fyre Competition paintings can be out there on the market at FlipKick, a platform to promote half digital and half bodily NFTs.
Bidding for Fyre Competition NFT begins At $600,000
As per the experiences the bidding for Ja Rule’s portrait will begin on Tuesday at an beginning value of $600,000. Ja Rule defined he needs to eliminate unhealthy vibes and stated,
“I simply wished that vitality out,”
The portrait on promote is a 48-inch-by-60-inch oil-paint portrait of the Fyre Competition’s company emblem that has hung in Ja Rule’s mansion in New Jersey for the reason that firm’s Manhattan headquarters closed a number of years in the past. In alternate for promoting his portrait Ja Rule is now a component proprietor in FlipKick and part of its official head of artists.
Talking about his curiosity in NFTs, Ja Rule stated,
“I wasn’t too educated on them (NFTs), and I’m nonetheless studying quite a bit about it….I feel folks bought slightly bit bored with the common stocks-and-bonds method of investing.”
$26 Million Fraud, Story Behind Fyre Competition NFT
Fyre Competition was an occasion that promised attendees an opulent time with extravagant lodging and prime musical performances. The occasion promoted by Ja Rule on his social media and co-founder Billy McFarland lured many attendees. Ultimately, the occasion turned to be nothing particular, whereas co-founder Billy McFarland was sentenced a jail for a fraud of $26 Million, Ja Rule was cleared by a choose for any mistaken doing.
For Ja Rule, the entire NFT craze continues to be considerably a joke,
“It actually seems like the brand new Roaring ’20s,” he says, booming out amusing. “You realize, for me, it’s like, ‘Out with the previous,’ you realize?”
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