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Soulja Boy issues Soulja Boy “Crank That” NFT

Soulja Boy issues Soulja Boy "Crank That" NFT
Rapper Soulja Boy attends BET ‘Music Moguls’ premiere event at 1OAK on 27 June, 2016 in West Hollywood, California (Photo by Maury Phillips/Getty Images for BET)

Today, Soulja Boy, the U.S. artist, minted his first digital art piece on Rarible. He has joined the NFT hype. Soulja Boy broke out with the announcement of “Crank That (Soulja Boy)” in 2007. It topped charts and marketed millions of copies. His other achievements involve “Kiss Me Thru The Phone” and “Turn My Swag On.” The U.S. rap star, who excelled charts with his 2007 hit “Crank That (Soulja Boy)” has issued an NFT. “Soulja Boy’ Crank That'” is accessible in an edition of 20 via Rarible. Its valuation is around 5 ETH, which is approximately $6,699.60. 

Soulja Boy captured the crypto community’s attention by displaying an interest in the space on Twitter. Yesterday, Soulja Boy took to his Twitter account to share his Ethereum address. Soulja Boy received his own personal ETH (Ethereum) address named soujaboy.eth. The Rainbow wallet co-founder Mike Demarais gifted him the address. However, this makes it easier for people to transfer him ETH.

Comprehensive details about Ethereum Name Service (ENS)

Moreover, Ethereum names are simple-to-remember universal addresses connected to crypto wallets. They come into existence via the decentralized application Ethereum Name Sevice (ENS). Like domain names on the Internet, ENS addresses need users to spend some recurring fees to hold them. An ENS blog post will help Soulja Boy claim his address. The blog also recommended that after fixing his new personalized ENS address, Souja Boy should change his Twitter profile name to “souljaboy.eth” as it’s a culture in the Ethereum community and signs to people you’re a member of the new Internet.

Further, Soulja Boy accepted the ETH address. Moreover, he faces trouble managing the Ethereum address from his Coinbase account, though the ENS name’s donor has been trying to fix the issue. The fan continued to buy him a name, “drako.eth.” The rapper has also newly unveiled which cryptocurrencies are in his portfolio. According to his tweet, Soulja Boy has acquired some BNB, DGB, TRX, KLV, ZPAE, and FDO. Additionally, he asked his 5.2 million followers what coins he should purchase subsequently.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.