Hip Hop Star Ja Rule Discusses the Rising NFT Area and Crypto — ‘I Just like the Truth That Bitcoin Is Decentralized’ – Interview Bitcoin Information

The non-fungible token (NFT) trade has exploded in 2021 as hundreds of thousands of {dollars} value of cryptocurrencies proceed to be traded for these blockchain collectibles each single day. This week, Bitcoin.com Information chatted with the favored 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 Competition, and the NFT Market Flipkick.io

Yesterday, Bitcoin.com Information spoke with recording artist Ja Rule, who’s well-known for his chart-topping albums and songs like the number one 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 need to monetize their work with bodily NFTs.

Ja Rule advised our publication that’s a giant distinction when he mentioned his fascination for NFTs and the way Flipkick.io provides its NFT expertise. Along with the NFT house, Ja Rule delved into different topics reminiscent of 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'

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

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

Ja Rule: You understand it’s onerous for me to place a date on that, I don’t actually know the date. It was early within the 12 months and I haven’t been on NFTs for that lengthy. My first introduction into it was with NBA Prime Shot. I began gathering Prime Shot NFTs and I didn’t even notice they have been NFTs on the time.

I simply thought they have been like the brand new digital sports activities playing cards. You understand, that kind of factor. I began gathering these as a result of I acquire common sports activities playing cards. That was like the following apparent development for sports activities playing cards and so I began gathering these after which a buddy of mine let me know that what I used to be gathering was really NFTs. He advised me that ‘you already been gathering them – NBA Prime Photographs are NFTs.’

So then, I went additional down the rabbit gap and obtained on to Opensea and the remainder is type of historical past. When you get on Opensea every little thing unfolds.

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

BCN: Along with NFTs, what do you consider the rise of digital currencies like bitcoin?

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

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

Ja Rule: I maintain a bit 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 suppose that is going to be my popping out social gathering as a result of I simply talked about it. I’ve my very own forex, I simply haven’t launched it but however it’s undoubtedly 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 within the App Retailer now and you may obtain that and that will probably be one of many methods you should utilize [the] ICONN [token] as nicely.

BCN: How did you get entangled with the Flipkick market idea?

Ja Rule: Man, Flipkick.io is such an incredible thought. In order I obtained into NFTs I observed a dope mission and the entire angle was one thing totally different, which I actually cherished. The angle of taking bodily artworks and authenticating them in an analogous approach NFTs are authenticated on the blockchain however with a chip. We have now a patent pending on our know-how, and after I say ours it’s as a result of I’m a part of the corporate.

It’s only a sensible factor to have the ability to authenticate bodily artworks cryptographically and let these wonderful artists be capable of benefit from the fruits of their work and it was by no means attainable earlier than prior to now. So I actually applaud what Flipkick is so far as the bodily NFT house.

BCN: There are just a few Flipkick.io-listed NFTs tied to the topic of the Fyre Competition. Curious as to what you consider these Fyre Competition NFTs which might be listed? As an illustration, one NFT is an image of the cheese sandwich that offered for $80K — What do you consider that sale?

Ja Rule: Yeah that’s an fascinating story. Effectively, my portray that I offered, I wished 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 wished the unhealthy juju out of my home. I offered my portray as an NFT which was nice. Then the cheese sandwich picture is a really fascinating story, as a result of the man that truly took that image of the cheese sandwich — This can be a man I ought to have animosity towards.

As a result of he took an image of a cheese sandwich, and that was a false narrative to what was being served on the competition. It grew to become just like the ‘large joke’ and like actuality to lots of people. Like that is what they have been serving on this catastrophe and then you definitely see the documentary, and the girl is sitting there saying she misplaced cash as a result of she fed all these individuals, saying this and that, and the way she cooked wonderful meals. It’s like which one is it? Have been we serving cheese sandwiches or serving this girl’s wonderful 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 Competition portray Ja Rule offered with the painter. (Pictured proper) Photographer Trevor DeHaas’s notorious “cheese sandwich” image which he shared in a tweet on the Fyre Competition. The NFT listed on flipkick.io offered for $80,000 on the NFT market.

However I’m sensible sufficient to know that if individuals 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 towards it, as a result of I used to be like ‘we’re not the Fyre Competition, we’re an public sale home.’ We did my portray and it obtained the corporate press. It helped kick off the Flipkick firm and it’s a bodily piece of artwork and a wonderful piece of artwork, no matter what it represents. The artwork [Tripp Derrick Barnes] painted is wonderful.

So he deserves to have his artwork displayed and offered 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 a tremendous story, as a result of this man introduced us this cheese sandwich image and he wished to promote it and the rights to the image, due to all of the hoopla and no matter Fyre was. At first, I mentioned ‘let’s not do that,’ however then we discovered that… and that James and Check (Flipkick.io co-founders James Cropcho and Robert Testagrossa) mentioned that the man is attempting to promote the image as a result of he wants a brand new kidney.

This modified every little thing. I mentioned ‘okay 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 mentioned ‘ya know Check, that is greater than simply the image,’ and Check was like ‘Ya know Ja, I agree.’ I mentioned we must 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 Competition fiasco is that this man’s life was capable of be saved from that image. I feel that’s one thing individuals ought to perceive after they have a look at Ja Rule and say that I wished to rip-off individuals — No, I’m not that man.

No, I’m that different man, ya perceive, the type of man that will 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 individuals discuss that incident like I’m such a foul man, and so they don’t even know me or know a lot in regards to the incident. At any time when individuals speak in regards to the Fyre Competition, I allow them to know that I used to be cleared of all wrongdoing. It wasn’t one thing that was, for me, deliberately accomplished 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 every little thing that he did. He let it’s recognized that Ja Rule didn’t do that and he stood up for that. With that being mentioned, the cheese sandwich image offered and saved a life, and on 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 suppose well-known musicians and artists are stepping into NFTs?

Ja Rule: I feel persons are actually stepping into NFTs due to what it’s. Right here’s the easiest way I can clarify it and I’m going to provide credit score to my man Carlos Gill who mentioned this to me the opposite day and I mentioned that’s a really fascinating perspective of NFTs. He mentioned ‘It’s just like the inventory market, nation membership, and group multi functional.’ It’s every little thing while you have a look at what NFTs are.

Its funding, it’s a tremendous sense of group, and a pushed house that’s a extremely nice time for NFTs and what they’re turning into. It’s actually altering individuals’s lives.

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

BCN: Numerous individuals imagine that Bitcoin and NFTs are supposed to decentralize the techniques 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 can be a forex that individuals can use throughout all boards. Not simply in America, however in each nation and it’s just like the world forex for everybody.

I like the truth 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 within the subsequent few years with exponential progress. Do you suppose that it’ll develop that helpful?

Ja Rule: I do suppose that may occur. I feel the house is admittedly, actually small proper now. There’s not lots of people into NFTs and lots of people are intrigued and need to know extra about it. Nevertheless it’s nonetheless very new and a really younger house however it’s rising. Numerous celebrities, lots of people are stepping into it as a result of I feel they just like the sense of group. Being part of one thing. It’s like somebody got here up with an thought to begin these small communities to get rich inside these teams. Like a secret society. I feel that’s what persons are stepping into.

For me, I like artwork. Initially I like gathering artwork and there are some NFT initiatives the place I don’t even learn the roadmap earlier than I purchase the artwork. As a result of I don’t care, I like artwork and love what I purchased. For me, artwork is within the eye of the beholder. What I like, chances are you’ll not like. What I see as helpful, chances are you’ll suppose is rubbish. It’s subjective and so is music so it type of goes hand in hand and for me, it’s the identical factor.

What do you consider the Bitcoin.com Information interview with Ja Rule? Tell us what you consider this topic within the feedback part beneath.

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

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

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any injury or loss prompted or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

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