Crypto

Hip Hop Star Ja Rule Discusses the Growing NFT Space and Crypto — ‘I Like the Fact That Bitcoin Is Decentralized’ – Interview Bitcoin News


The non-fungible token (NFT) trade has exploded in 2021 as thousands and thousands of {dollars} value of cryptocurrencies proceed to be traded for these blockchain collectibles each single day. This week, Bitcoin.com News chatted with the widespread American rapper Ja Rule about NFTs as he has partnered with James Cropcho and Robert Testagrossa to construct a market referred to as flipkick.io.

Ja Rule Speaks About NFTs and Bitcoin, Fyre Festival, and the NFT Marketplace Flipkick.io

Yesterday, Bitcoin.com News spoke with recording artist Ja Rule, who’s well-known for his chart-topping albums and songs like the no 1 hit “Always on Time” (that includes Ashanti) in 2002. The musician is now concerned with non-fungible tokens and helped type a singular NFT market with serial entrepreneur Robert Testagrossa and engineer James Cropcho. Flipkick.io is a full-service NFT market that caters to artists, celebrities, and creators who wish to monetize their work with bodily NFTs.

Ja Rule instructed our publication that’s a giant distinction when he mentioned his fascination for NFTs and how Flipkick.io gives its NFT expertise. In addition to the NFT house, Ja Rule delved into different topics similar to cryptocurrencies like bitcoin and ethereum.

Hip-Hop Star Ja Rule Discusses the Growing NFT Space and Crypto — 'I Like the Fact That Bitcoin Is Decentralized'

Moreover, a few hosted NFT artworks listed on Flipkick.io have been tied to the notorious Fyre Festival theme and Ja Rule spoke candidly about the topic. While the Fyre Festival was a fiasco he stated, there was a “silver lining” in the finish. The rapper additionally believes cryptocurrencies are simply the subsequent development of economics and he believes the NFT house will sometime be a multi-billion greenback trade.

Bitcoin.com News (BCN): When did you first hear about non-fungible tokens (NFTs)?

Ja Rule: You realize it’s exhausting for me to place a date on that, I don’t actually know the date. It was early in the yr and I haven’t been on NFTs for that lengthy. My first introduction into it was with NBA Top Shot. I began accumulating Top Shot NFTs and I didn’t even understand they have been NFTs at the time.

I simply thought they have been like the new digital sports activities playing cards. You know, that sort of factor. I began accumulating these as a result of I gather common sports activities playing cards. That was like the subsequent apparent development for sports activities playing cards and so I began accumulating these and then a buddy of mine let me know that what I used to be accumulating was really NFTs. He instructed me that ‘you already been collecting them – NBA Top Shots are NFTs.’

So then, I went additional down the rabbit gap and acquired on to Opensea and the relaxation is form of historical past. Once you get on Opensea all the pieces unfolds.

Hip-Hop Star Ja Rule Discusses the Growing NFT Space and Crypto — 'I Like the Fact That Bitcoin Is Decentralized'
NFT paintings that bought on Flipkick.io. (Pictured left) Studio Dan “Woven Solid Blue and Pink 2021,” (Pictured proper) Ben Katz “RobotAura 2021.”

BCN: In addition to NFTs, what do you consider the rise of digital currencies like bitcoin?

Ja Rule: I really like bitcoin, I really like ethereum, I really like cryptocurrencies and decentralization and I feel that it’s the subsequent apparent step in economics. It’s going to be an attention-grabbing subsequent 5 or ten years.

BCN: Are you uncovered to digital property like bitcoin or ethereum?

Ja Rule: I maintain slightly bitcoin, ethereum, solana, and cardano. I even have my very own cryptocurrency, it’s actually a social token that I’ve with an organization referred to as ICONN. I haven’t launched it or something but however I assume that is going to be my popping out occasion as a result of I simply talked about it. I’ve my very own forex, I simply haven’t launched it but but it surely’s positively able to go.

The factor with cryptocurrencies is it has to have utility. So I’m constructing out that utility for ICONN which additionally has a live-streaming platform, ICONN Live. It’s in the App Store now and you possibly can obtain that and that will probably be one in every of the methods you should use [the] ICONN [token] as effectively.

BCN: How did you become involved with the Flipkick market idea?

Ja Rule: Man, Flipkick.io is such a fantastic thought. So as I acquired into NFTs I seen a dope venture and the entire angle was one thing completely different, which I actually beloved. The angle of taking bodily artworks and authenticating them in the same method NFTs are authenticated on the blockchain however with a chip. We have a patent pending on our know-how, and once I say ours it’s as a result of I’m a part of the firm.

It’s only a sensible factor to have the ability to authenticate bodily artworks cryptographically and let these superb artists be capable of take pleasure in the fruits of their work and it was by no means potential earlier than in the previous. So I actually applaud what Flipkick is so far as the bodily NFT house.

BCN: There are a number of Flipkick.io-listed NFTs tied to the topic of the Fyre Festival. Curious as to what you consider these Fyre Festival NFTs which can be listed? For occasion, one NFT is an image of the cheese sandwich that bought for $80K — What do you consider that sale?

Ja Rule: Yeah that’s an attention-grabbing story. Well, my portray that I bought, I needed to do away with it and get it out of my home, as a result of I’ve an entire new chapter in my life. That topic doesn’t outline me. I needed the dangerous juju out of my home. I bought my portray as an NFT which was nice. Then the cheese sandwich photograph is a really attention-grabbing story, as a result of the man that really took that image of the cheese sandwich — This is a man I ought to have animosity towards.

Because he took an image of a cheese sandwich, and that was a false narrative to what was being served at the pageant. It grew to become like the ‘big joke’ and like actuality to lots of people. Like that is what they have been serving on this catastrophe and you then see the documentary, and the lady is sitting there saying she misplaced cash as a result of she fed all these folks, saying this and that, and how she cooked superb meals. It’s like which one is it? Were we serving cheese sandwiches or serving this lady’s superb meals? I don’t know which one it was, as a result of I wasn’t there, clearly.

Hip-Hop Star Ja Rule Discusses the Growing NFT Space and Crypto — 'I Like the Fact That Bitcoin Is Decentralized'
(Pictured left) The Fyre Festival portray Ja Rule bought with the painter. (Pictured proper) Photographer Trevor DeHaas’s notorious “cheese sandwich” image which he shared in a tweet at the Fyre Festival. The NFT listed on flipkick.io bought for $80,000 on the NFT market.

But I’m sensible sufficient to know that if folks have been being served a cheese sandwich, there can be greater than only one image up. So he got here to us with the image and at first I used to be in opposition to it, as a result of I used to be like ‘we’re not the Fyre Festival, we’re an public sale home.’ We did my portray and it acquired the firm press. It helped kick off the Flipkick firm and it’s a bodily piece of artwork and a ravishing piece of artwork, no matter what it represents. The artwork [Tripp Derrick Barnes] painted is superb.

So he deserves to have his artwork displayed and bought like anyone else. He didn’t know this was going to be a catastrophe when he painted that murals. The cheese sandwich story is such an incredible story, as a result of this man introduced us this cheese sandwich image and he needed to promote it and the rights to the image, due to all the hoopla and no matter Fyre was. At first, I stated ‘let’s not do that,’ however then we discovered that… and that James and Test (Flipkick.io co-founders James Cropcho and Robert Testagrossa) stated that the man is making an attempt to promote the image as a result of he wants a brand new kidney.

This modified all the pieces. I stated ‘ok I get that’ lets put the image up and hopefully this man can promote it and save his life.

He then put the image up on flipkick.io and it didn’t promote. I stated ‘ya know Test, this is bigger than just the picture,’ and Test was like ‘Ya know Ja, I agree.’ I stated we should always purchase this image and save this man’s life, and that’s simply what we did. So I really personal the cheese sandwich picture and Flipkick owns the cheese sandwich image. The silver lining behind the entire Fyre Festival fiasco is that this man’s life was capable of be saved from that image. I feel that’s one thing folks ought to perceive after they have a look at Ja Rule and say that I needed to rip-off folks — No, I’m not that man.

No, I’m that different man, ya perceive, the form of man that might save a person’s life by shopping for an image that attempted to destroy my life. That’s the man I’m.

I hate when folks discuss that incident like I’m such a nasty man, and they don’t even know me or know a lot about the incident. Whenever folks discuss the Fyre Festival, I allow them to know that I used to be cleared of all wrongdoing. It wasn’t one thing that was, for me, deliberately carried out to be a catastrophe. And that the man [Billy McFarland] is serving time for his errors. Billy’s in jail and he stood up for all the pieces that he did. He let or not it’s recognized that Ja Rule didn’t do that and he stood up for that. With that being stated, the cheese sandwich image bought and saved a life, and at the finish of the day, there’s a silver lining out of that entire fiasco.

BCN: An unlimited variety of hip-hop artists, rappers, and different celebrities have been leaping into the NFT trade. Why do you assume well-known musicians and artists are moving into NFTs?

Ja Rule: I feel individuals are actually moving into NFTs due to what it’s. Here’s the greatest method I can clarify it and I’m going to provide credit score to my man Carlos Gill who stated this to me the different day and I stated that’s a really attention-grabbing perspective of NFTs. He stated ‘It’s like the inventory market, nation membership, and neighborhood multi functional.’ It’s all the pieces whenever you have a look at what NFTs are.

Its funding, it’s an incredible sense of neighborhood, and a pushed house that’s a very nice time for NFTs and what they’re changing into. It’s actually altering folks’s lives.

Hip-Hop Star Ja Rule Discusses the Growing NFT Space and Crypto — 'I Like the Fact That Bitcoin Is Decentralized'
Speaking with Ja Rule on the telephone Friday, the widespread American rapper mentioned how he’s a giant fan of decentralized applied sciences like bitcoin and non-fungible token (NFT) property.

BCN: Quite a few folks imagine that Bitcoin and NFTs are supposed to decentralize the programs which were corrupted by abusive third events. What does Ja Rule take into consideration decentralization?

Ja Rule: I like decentralization, I like the truth that individuals can transfer their cash in several methods. This is a forex that individuals can use throughout all boards. Not simply in America, however in each nation and it’s like the world forex for everybody.

I like the proven fact that [bitcoin is] decentralized and that’s what I feel actually makes bitcoin what it’s.

BCN: NFTs are anticipated to be a multi-billion greenback enterprise in the subsequent few years with exponential development. Do you assume that it’s going to develop that beneficial?

Ja Rule: I do assume that may occur. I feel the house is actually, actually small proper now. There’s not lots of people into NFTs and lots of people are intrigued and wish to know extra about it. But it’s nonetheless very new and a really younger house but it surely’s rising. A variety of celebrities, lots of people are moving into it as a result of I feel they like the sense of neighborhood. Being part of one thing. It’s like somebody got here up with an thought to start out these small communities to get rich inside these teams. Like a secret society. I feel that’s what individuals are moving into.

For me, I really like artwork. First and foremost I really like accumulating artwork and there are some NFT tasks the place I don’t even learn the roadmap earlier than I purchase the artwork. Because I don’t care, I really like artwork and love what I purchased. For me, artwork is in the eye of the beholder. What I like, it’s possible you’ll not like. What I see as beneficial, it’s possible you’ll assume is rubbish. It’s subjective and so is music so it form of goes hand in hand and for me, it’s the identical factor.

What do you consider the Bitcoin.com News interview with Ja Rule? Let us know what you consider this topic in the feedback part under.

Tags on this story
American rapper, Ben Katz, Billy McFarland, Bitcoin, Cryptocurrencies, Decentralization, Ethereum, Exclusive Interview, flipkick.io, flipkick.io listings, flipkick.io NFTs, Fyre Festival, Hip Hop Star, interview, Ja Rule, James Cropcho, nft, NFT art, NFT space, NFTs, Nipsey Hustle, Non-fungible Token, Physical NFTs, recording artist, Robert Testagrossa, Solana, Studio Dan, Trevor DeHaas NFT

Image Credits: Shutterstock, Pixabay, Wiki Commons, flipkick.io, Trevor DeHaas NFT, Ja Rule, Studio Dan, Ben Katz, Nipsey Hustle, Twitter,

Disclaimer: This article is for informational functions solely. It shouldn’t be a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the firm nor the writer is accountable, instantly or not directly, for any harm or loss precipitated or alleged to be attributable to or in reference to the use of or reliance on any content material, items or companies talked about on this article.



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