GHOSTFACE KILLAH STARTS DIGITAL COIN COMPANY
Wu-Tang member Ghostface Killah is the co-founder of a new cryptocurrency firm that hopes to raise $30 million in funding through a digital coin sale. The company, Cream Capital, will be selling "Cream Dividend" tokens next month, which can be exchanged for Ether (the value tokens of the Ethereum blockchain). In a press release, they state their long-term goals: "By 2020, we intend to capture more than half of the global cryptocurrency ATM market and make cryptocurrencies more accessible to the general public than ever before."
Cryptocurrencies are a subset of digital currencies that use cryptography for security. Bitcoin is an example of one.
According to Founder/CEO Brett Westbrook:
"Ghostface Killah is a long-time business partner of ours," he explains. "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."
Ghostface is one of four co-founders and will serve as the company's Chief Branding Officer. The hope is that he will be able to help transition the niche technology into a mainstream environment.