Wu-Tang Clan’s Ghostface Killah launcing cryptocurrency.
Ghostface Killah of the Wu-Tang Clan, has co-founded a cryptocurrency company called Cream Capital. The name comes from the Wu-Tang Clan’s 1993 jam C.R.E.A.M. (“Cash Rules Everything Around Me.”) Apparently, the company now holds the trademark on the phrase “Crypto Rules Everything Around Me.” Cream Capital is planning an initial coin offering on November 11 to raise $30 million. Apparently those tokens can be traded for Ether on the Etherium blockchain.
“Ghostface Killah is a longtime business partner of ours,” Cream Capital co-founder/CEO Brett Wesbrook told Pigeons & Planes. “I personally connected with him during a Reddit AMA on /r/hiphopheads last year when he was seeking tech-inclined people to work with in future technology focused projects. Dennis is a very forward thinking person and has a keen interest in emerging technologies. It’s hard to ignore blockchain tech today even when you’re a busy, touring hip hop artist.
“He doesn’t have any technical background with cryptocurrencies. However, remember that Wu-Tang is for the children. He is very focused on what the youth and millennials are interested in. He is a very solid businessman and has surrounded himself with bright individuals with a hunger for bring new, groundbreaking technologies to market…
Ghostface Killah is the latest in a long line of celebrities — from Paris Hilton to Jamie Foxx — who have put their names behind ICOs and crypto ventures. Cream Capital said it has operational cryptocurrency ATMs active in North Carolina and intends to capture “more than half of the global cryptocurrency ATM market” by 2020.