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FM Interviews Trending

FM Interviews: HitPiece Talks NFT’s And Collaboration With Rick Ross

Rick Ross is launching his first VIP Exclusive Collection of NFTs in collaboration with HitPiece. In Big Boss fashion, Rozay is bringing the metacommunity together in a big way. Collectors will benefit from perks like access to Ross’ Rozay World: The Promised Land. This will allow them to get exclusive gifts from his personal collection. The VIP experience will give fans an exclusive experience by enabling them to tour Ross’s mansion and even be him in the metaverse. 

Rick Ross calls NFTs the “new receipts” because of their representation and exclusivity of actual items.

Check out the teaser video below:

The NFT space is still a huge source of marketing and inclusivity since its rise to popularity. FM spoke with HitPiece, the company, and got the low down on The Boss himself and how they curated the NFT collaboration.

HitPiece: Bridging Artists and Fans Through NFTs

Navigating the NFT space may seem lightyears ahead of time. However, HitPiece has mastered the art of creating inclusivity across all genres for the most loyal fans.

FMHipHop: There has been a rise in the use of crypto over the past couple of years. While I don’t want to say it’s untapped, has this always been a part of the HitPiece business venture, or did you see an opportunity and was it something you decided to take on because it was so new?

HitPiece: Great question. So my background is in the record business. I actually bought bitcoin in 2014, and I was always very curious about blockchains. Blockchains can provide other valuable services as well by ownership of digital assets. That’s why NFTs have taken off in the art world, and more specifically, they’re a way to make X number of copies. Those are verified and authenticated by the blockchain, so the fans or the collector know that they are authentic from the artist or one of the few that exist. They inherently have value because they’re connected with the artist.

FMHipHopNFTs and crypto have seen more hype but may have died down. Do you think it’s because of a crypto-literacy issue of not knowing how to break into the space, or do you feel the demand is high and only a select few survive?

HitPiece: I think with any influx of technology, you do see a lot of projects that don’t have any long-term value, and they eventually just get weeded out. So if you are watching an NFT collection or some sort of Web3 community, you have to be providing value to your collectors and interest in your collection long term. That’s why some artists like Rick Ross, we think, are really going about it the right way by not launching a huge collection.

So for him, it’s about wanting to engage his hardcore fans and an opportunity to connect with him in a new and exciting way, both in the real world and in the metaverse. He’s allowing them to receive items from his personal collection or items he may have worn in a music video, limited merchandise, and all sorts of things both in the real world and the metaverse. We think this is really the right way to engage your community, to engage them and keep them excited and give them a sense of ownership in what you’re building.

FMHipHopWhat more can you expect from Rick Ross? We know that he is an extravagant, larger-than-life thinker. I’d love to hear more about the creative process between you guys. Did he pitch his ideas, and you all execute them, or did HitPiece have some reign in the creative space?

HitPiece: He was definitely a pleasure to work with and a complete professional. And on top of it, it’s been a really great experience so far. Rick was kind enough to open up his home one day, and we were invited to shoot some content there. Just a fun anecdote, when we were there to view the collection, he happened to be having all of his clothes taken out of his closet, and he was going live on Instagram talking about how is he a hoarder or is he a collector because he has all these amazing clothes. Then I was like, “you’re not a hoarder; you’re a collector.” He started using these sorts of adlibs I gave him on his Instagram Live.

I thought it was funny, I didn’t think anything of it but then 2 hours later, the phones were buzzing because it had been picked up by People magazine. I only cite that as a surreal experience. Rick’s life is a larger-than-life experience and so much fun.

We actually came up with avatars of Rick that people will actually be able to be him and hang out with him in a virtual world at his home. And again, because they’re super rare, they will be able to inherit value. Rick actually loved that idea, that idea that, um, we were creating this world that people could actually be him, so it’s cool to be able to do something like that. One of the things we’re looking into is including his car collection. We are really hoping to do something amazing with that.

FMHipHop: Yes, he definitely has an impressive car collection. What are some other collaborations fans can expect within the Rozay collaboration with HitPiece?

HitPiece: Definitely, there’s Belaire, the champagne company, and their associated spirits. Also, with Wing Stop, which everyone knows he’s a franchise owner of. There are no official partnerships with any of the brands yet, but look out for some brands to possibly want to collaborate.

As far as HitPiece, we have some things coming up with Lil Gotit, 808 Mafia, and a lot of developing artists who are using the Web3 community as a way to build up their community prior to taking the next step in their career if that makes sense.

FMHipHop: That’s awesome, and we will definitely be on the lookout for these upcoming collabs. This has been great, and before we go, I would like to know what advice you would give anyone who is trying to invade the NFT space and build longevity? How can they take full advantage of what the crypto space has to offer?

HitPiece: I would definitely say you’d have to be long-term-minded here. You can’t just launch and bring it about, or else it will not work. The community will not support it. Two, invite the community into the decisions about what you want to do. That is a really exciting way to invite them in and give them a sense of ownership and a say in what you’re doing and how you’re maintaining.

One of the strategies we’re actually implementing is inviting everyone who’s signed up for updates on the Rick Ross collection. We’re asking them how they want this collection to be released. In Web3, you have these outlets which can gage certain wallets and allow you to buy an NFT before other people. There’s a mixed sentiment, so we’re actually asking the community if they would prefer that. So that’s a way we’re engaging that community. For artists, I will say be creative. This is a whole new world, it can be something super simple. It doesn’t have to be something super complex. It can be as complex as they want. The complexity around these collections. It’s actually rather interesting to collectors.

The last thing I’d say is collaboration. I always tell other genres to look at what Hip-Hop does and is doing. Everyone always collaborates with each other. It’s working. You’re starting to see it in the Web3 community. They’re flowing together and constantly building each other up. I think that as a world, we have a lot to learn from that. It’s a beautiful thing that I will say hip hop has actually taught and set the essence of collaborations.

The Future of Marketing

NFTs, or non-fungible tokens, have become a hot commodity since the rise in the popularity of cryptocurrency. Whether you are crypto-literate or just looking for a piece of the pie, NFTs bridge the gap of VIP status in the meta world.

The NFT space is still a huge source of marketing and inclusivity since its rise to popularity. We look forward to the ever-expanding knowledge and opportunities of the Meta space.

Written by Antoinette Ford

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FM Econ Trending

Ja Rule Supports HBCUs With NFT, Deion Sanders Approves

After Diddy gracefully scrapped up to 1/48th-1/98th ($2M) of his yearly income ($50-$100M) during the 2022 BET Awards, Ja Rule seems to follow the steps. The “Venni Vetti Vecci” author’s recent Instagram post suggests “get on the Blacklist NOW.” Some of Ja Rule’s Jul 14 NFT sales will then “SUPPORT HBCUs Hampton, Morgan, Spelman, Moorehouse and Jackson St.”

 

View this post on Instagram

 

A post shared by JaRule (@jarule)

Deion Sanders then went on to thank Ja Rule for his generosity. “I wanna thank my brother Ja Rule for hitting me up and including our program in his heart along with several other HBCUs,” Sanders, you’d think, told Ja Rule, not TMZ. “My brother, I’ve always admired and applauded you from afar, but this is a TRUE blessing for our TEAM. God bless u, my brother!!!”

While certainly nobly intended, Ja Rule’s decision to invest in NFTs might be under-calculated. The recent crypto crash also significantly affected the NFT market. The current estimate prices for NFT stay from a bit to substantially lower than previously, while the overall NFT sales also fell from the last year.

“Murder Inc.” Documentary Series: The Story Of Ja Rule

A couple of months ago, Irv Gotti and BET announced the production of the “Murder Inc.” documentary series. At the time, BET executive vice president Tiffany Lea Williams thanked “Irv for trusting BET to tell the story.” She also proclaimed, “looking forward to bringing a music documentary series that reveals how this label changed the music industry forever.” 

In the recent short interview, Gotti also gave more details on the upcoming screening. “My Murder Inc. documentary is coming [Aug 9] at 9 p.m.,” the producer informed. “Tune in. It’s dope.”

“That group [Murder Inc.] was something that I felt special about ’cause all three of them is like my brothers,” Gotti continued. “I knew all three of them like 10 years before we all got on. I knew Jay since ’87; I knew X since ’88; I knew Ja since ’91. Just understand, I knew that those three was gonna conquer the world before they conquered the world.”

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Written by Nikita Serdiuk | IG: @nikitasrdk | Twitter: @nktserdiuk

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FM Tech

Crypto Crisis Deepens As Bitcoin Electricity Consumption Drops Dramatically

According to The Guardian, cryptocurrency companies have reduced their electricity consumption by up to 50 percent. The crypto winter continues to consume the earnings of crypto miners. This development led to a widespread financial epidemic. Crypto winter continues to erode crypto miners’ income.

Mining determines how much electricity a cryptocurrency consumes. Crypto mining consists of generating digital lottery tickets using purpose-built computers that pay out cryptocurrency rewards.

The importance of this process lies in the fact that it contributes to network security. Nevertheless, it also encourages the network as a whole to waste considerable amounts of energy due to its organic qualities.

The electricity usage for a cryptocurrency is determined by “mining.” In crypto mining, people essentially use purpose-built computers to generate digital lottery tickets that can reward cryptocurrency payouts. This process is vital because it holds up the security of the networks. However, it also incentivizes the network as a whole to waste significant amounts of energy.

Crypto analyst Digiconomist estimates that Bitcoin’s electricity consumption has decreased by a third since its high-water mark on June 11. Currently, it consumes 131 terawatt-hours (TWh) per year.

The Electricity of Ethereum

Due to the current crypto boom, Ethereum’s electricity consumption has dropped from 94TWh to 46TWh. In other words, this is the equivalent of Qatar’s annual electricity consumption. Ethereum has become the new “programmable money.”

The mining of Ethereum, on the other hand, can be accomplished using a standard computer. It is, however, most advantageous to use a graphics card with a high level of performance. A lack of supply has led to widespread shortages of the cards, which has caused many gamers to turn against the industry as a whole. Second-hand graphics cards are in high demand as mining revenues have collapsed. Insolvent miners attempt to retrieve their investments, but Alex de Vries, the Dutch economist who created Digiconomist, cautions that purchasing one is like entering a lottery.

Written by Nikiya Biggs

Instagram: @ngv6236

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FM News

Mock NFT’s Bizarre Protest Dominates Headlines

Today the media’s been buzzing with news of a bizarre protest outside the NFT.NYC conference yesterday. Reportedly, a group of citizens gathered in opposition to NFTs. What was even weirder was the justification behind the protest.

NFTs, Cryptocurrency, and Hip-hop

One of the most populated topics in headlines in months is that of NFTs and Cryptocurrency, and it’s not hard to understand why. Markets grow and evolve with time. We are one the precipice of change.

However, some may wonder what this has to do with hip-hop? Some of the most prominent members in hip hop have made waves and headlines for their investment and interaction in the burgeoning NFT and Crypto markets. Snoop Dogg, Timbaland, and Ashanti are a few with an active interest in those markets. FM Hip hop has kept abreast of this trend. Quite naturally, what impacts those markets impacts some high-profile community members and other community members with a vested interest.

What Went Down at the NFT Protest?

According to MSN, on Monday, June 20, groups of people were found marching in New York City with protest signs in hand. The signs not only read that God stood in opposition to NFTs but that one of the co-founders of Ethereum, Vitalik Buterin, was the Anti-Christ. So naturally, the oddity of the event raised a lot of eyebrows. But later, the entire situation got even weirder.

Unraveling the NFT Protest

It turns out the entire demonstration was a hoax. Essentially the event was organized to make a statement and garner a laugh. This is what reporter Asa Hiken had to say regarding the event,

“Let it be known: the protest is officially a stunt 🎊Spoke with @bobbyhundredshimself, who told me what he was going for and why he thinks the community needs a laugh right now.”

Now that is interesting.

NFT Protest Organizer

Who is Bobby (Kim)Hundreds? A source reports Hundreds is the organizer behind the stunt protest. Not only is Hundred’s a designer, but he is one of the founders of “The Hundreds.” And apparently, he has time on his hands to make a statement and incite a few laughs in the process. It is also being reported that there was a third motive for the fake protest, the promotion of Kim’s NFT collection.

In the Aftermath of a Fake Protest

Today NFT investors can rest easy there is nothing to threaten the market and NFC.NYT will resume business as usual. Undoubtedly this stunt did provide a chuckle or two post-discovery. However, there are people within the populace who have the exact mindset of those fake protestors. Unfortunately, the advent of a real protest in this manner might not turn out so great. And for some of us, this entire event has us scratching our heads. Some people do have too much time on their hands.

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Written by Renae Richardson

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Trending

Rick Ross Reacts To New Cryptocurrency Crash

Rick Ross has never been a fan of cryptocurrencies. He has followed the advice of his mother. “If you can’t touch it, don’t do it.” Now he is laughing at all of the people that went for it.

A month ago, Ross had asked about the legitimacy of the metaverse and cryptocurrencies. This had caused the NFT market to drop 92%. Shortly afterward, he made another post. He was hoping that it was just a coincidence and that he had not caused it, but that it was just a natural crash.

Now, cryptocurrency is crashing again. This time, Ross has nothing to do with it. He is just smugly telling everyone that he called it, but nobody listened to him.

According to Forbes, the crash is a $100 billion price crash. The reason for the crash is the US government.

“The latest bitcoin and crypto sell-off was sparked by fears the Federal Reserve could put its ‘foot on the gas’ in its fight to drive down inflation after the latest U.S. consumer price index reading showed the economy remains red-hot.”

This is causing all of the investors to freak out and sell everything in the hopes of coming out of the other side with any kind of profit.

Ross had tweeted out a reaction to the news.

The Instability of Crypto

Historically, all new currencies start extremely unstable. Both Continental Currency and MMO economics address these facts historically. Either one of two things happens. Either they find a way to regulate the money, or the currency crashes and is unable to recover. The entire point of crypto, which is being used as a feature instead of a bug, is that it is unregulated. That only leaves one fate available for all cryptocurrencies. The only question is when to buy in and check out. It is literally just gambling over a long period of time.

Written by Justin Acosta

Twitter: @hahalacka

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Trending

Timbaland Set To Release NFT Collection With TIMEpieces

Timbaland is releasing more NFTs. He is partnering with TIMEpieces, a Web3 Initiative from TIME. It is going to be an original beat from Timbaland interpreted by 14 artists. The collection is going to go for sale at the end of April.

The collection will feature 252 pieces. It will be going for 0.2 ETH plus gas here. That comes out to about $650. Each NFT will also include a surprise pack of 10 sounds from Beatclub, Timbaland’s marketplace for musicians. When Timbaland revealed that he is working with them he said this.

“I am excited to collaborate with TIMEPieces and so many distinct visual artists to bring more exposure to the power of creativity with music in NFTs, and to include Beatclub in the process,”

What is TIMEpieces?

TIMEpieces is TIME’s NFT community division. This collection is TIMEpieces’ fifth collection so far. Each quarter, they select a new artist to drop a new NFT collection. The first collection was by 13-year-old Nyla Hayes.

On top of that, all buyers of the NFT can enter a contest. They will have to create a beat from the sound pack they bought. If they win, then they will receive merch and membership to Beatclub. Beatclub gives access to exclusive placement opportunities with the world’s leading artists and brands. Keith A. Grossman, the president of Time, had this to say about Timbaland.

“Timbaland is widely recognized for pushing music and culture forward. As we embark on our first true music NFT experience at TIMEPieces, his leadership as a creator and the great work he is doing with Beatclub made him the perfect partner to pair with artists who could provide their diverse interpretations of his exclusive beat.”

While selling beats and sounds as NFTs is an interesting gimmick, that is all that it is. Just a gimmick. This is not going to change the music industry.

Written by Justin Acosta

Twitter: @hahalacka

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FM Legal Trending

Akon Claims A Former Business Partner Is Attempting To Freeze His Assets

The Konvict Music mogul has earned a large amount of wealth throughout his musical career. Besides that, Akon has been planning to build a “futuristic cryptocurrency-themed city.”

The project would take place in Senegal. The city is to consist of parks, hotels, and a stadium that’ll rely only on Akon’s digital currency, Akoin.

In order to do so, Akon also secured $4 billion in investments. Now, Devyne Stephens is suing Akon. He claims  Akon’s futuristic city a Ponzi scheme 

Also, Stephens demanded that the judge put a freeze on all of Akon’s New York City assets.

Lawsuits Filed By Akon And Devyne Stephens

Page Six reports that Akon’s lawyers aimed at Stephens in court documents. They filed with the Manhattan Supreme Court on Monday (Apr 4).

The documents claim that the former business partner attempts to “damage Akon’s reputation out of spite.” Akon’s lawyers also said that the suit is “character assassination.” He then added that the case has “inflicted unwarranted damage on Akon.”

In a separate 2018 lawsuit, Stephens also accused the Senegalese songwriter of owing him $4 million. The sum allegedly comes from the unpaid royalties.

Previously, he also called Akon a “dishonorable spendthrift that shirks his responsibilities and does not keep promises.” In 2018, Akon reportedly agreed to pay Stephens $3.25 million over four years.

However, the artist allegedly backed out of paying the last $750,000 installment.

Moreover, Stephens has taken Akon to court three times since launching the Senegalese singer’s career in 2004. Akon urges the judge to deny Stephens’ request to freeze his assets.

Below is the video of Akon discussing his cryptocurrency.

Written by Nikiya Biggs

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FM News Trending

Drake Makes 1M Bitcoin Donation to LeBron James Family Foundation

Drake just hit the jackpot, a serious chunk of which he donated to The LeBron James Family Foundation. The rapper is donating 1 million in the popular cryptocurrency, Bitcoin. The Toronto-born rapper uses gambling site Stake, where he plays roulette.

Earlier this year, Drake, username “DeepPockets6,” announced a partnership with  Stake. The news came after the “God’s Plan” rapper allegedly spent 1 billion dollars on gambling sites since last December. In a video posted to Instagram, the rapper explained, “Anytime I get blessed like that, I always think it’s good karma that needs to be transferred.” He continued, “I play for fun and I play in hopes that I can spread love always.” Both LeBron and Drake also surprised a family in need with a $100,000 gift. The pair appeared at the location where Drizzy previously filmed the video for his 2011 hit “Headlines.” They picked a student-athlete named Michael, then gave the child’s mom stacks of cash.

The rapper furthermore promised LeBron that he and “Eddie from Stake,” would donate another million bitcoins to the basketball player’s I Promise School. James replied, “Wow, wow, wow. I appreciate it. My kids are going to go crazy for that.” The I Promise School is an elementary school in Akron, OH focusing on at-risk youth and funded by The LeBron James Family Foundation.

Drake’s History Of Giving Back

This isn’t Drake’s first charitable endeavor. Over the last 12 years, the rapper has given millions of dollars away to multiple organizations. In the midst of the COVID-19 pandemic, he donated $100,000 to help mothers and caregivers struggling financially. Several months ago, Drake co-headlined the “Free Larry Hoover” Benefit with Kanye West. The duo buried the hatchet and collaborated on the event to help raise money to free prisoner Larry Hoover. From disaster relief, to education, the 35-year-old continues to quietly show off his humanitarian side.

 

Written by Kimberly Stelly | Instagram | Twitter

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FM News Trending

Lil Durk Celebrates His Metaverse Takeover With NXTG3NZ

Lil Durk celebrated his arrival into the cryptocurrency metaverse. He held a party with fans on March 15 in New York’s Time Square. Reportedly, the rapper announced the business venture via Instagram earlier this month.

The metaverse is now famous and lucrative industry. The custom outfits and gaming skins for avatars are now at the cost of $40 billion. It also projects to grow at $265.4 billion by 2026. Co-founded by Lil Durk, Satoshi Designs, and also Nexus, the NXTG3NZ digital wearables are set to change the footwear metagame.

The Lil Durk’s Rise

This is another win for Lil Durk, as he is already hot in demand in the music industry. The artist also tied Taylor Swift with the most Billboard Hot 100 hits of 2021. He now has 41 songs on the chart, including eight Top 40 hits.

The first launch of the “7220” sneaker collection will have 10,000 tokens in total and be used on Avatars across the digital realm while still having ownership in the physical. Owning a “7220” NXTG3NZ NFT will also come with exclusive member benefits, including a chance to win 1 of 10 physical pairs.

  Lil Durk Celebrates His Metaverse Takeover With NXTG3NZ

The legendary Devonte’ Black’ Young designed NXTG3NZ. Devonte is most notable for his streetwear brand Enspire and also collaboration with Nike as lead designer of 3 pairs of sneakers for his friend, basketball star Kevin Durant. Included in Lil Durk’s “7220” NXTG3NZ, Genesis token holders will get an opportunity to design a pair of sneakers with Devonte and the NFT’s elite creative team.

“The power has shifted to the artists and their fans with Blockchain tech. I want to not only be a successful rapper/entrepreneur but a powerhouse voice in the metaverse and NFT community, at the forefront of this movement,” says Lil Durk.

“We’re here to show the world you don’t have to be a genius or have 5 degrees to learn the NFT and Crypto space,” The CEO of Satoshi Designs, Stally, says. “As we understand the process, we’re teaching the community in terms they understand. We can all win together!”

Pre-sale is to announce exclusively on Lil Durk’s Instagram @lildurk in mid-March.

Lil Durk Celebrates His Metaverse Takeover With NXTG3NZ

Watch The Video Of Durk Meeting Fans Below:


Writer|Kacee Marie|Website|Social

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FM Spotlight

Jim Jones, Bizzy Banks, and KayCyy Kicks Off LegendNFTs Launch Party Displaying Hip-Hop’s Relevancy In The Digital Space

The NFT market’s rise in value is seen as one of the most prominent and growing sector in the blockchain industry. The immutable qualities of NFTs have provided the way for a new digitization era. Legends looks to be at the forefront of this movement by offering an extensive NFT ecosystem.

Kaycyy performing live

 

Jim Jones performing live

 Legends is a unique NFT protocol that expands the existing platform by offering high-quality digital collectibles for users. These NFT collectibles have many exclusive and unique artwork in themed collections that get legendary characters, celebrities, icons, and more.

Rappers Maino and Jim Jones with NFT CEO

 

LegendNFTs Host/Hot97.com

This past weekend, FMHIPHOP’s own Kacee Marie  was in the building at Manhattan’s Terminal 5 to cover the event hosted by Hot97. The event did not disappoint, with heavy hitters, rising stars and industry elites all in attendance.

Image Protect CEO, Lawrence Adam’s issued the following statement about the event. “We are extremely excited about the launch party and feel so honored to have such a diverse line up of artists wanting to jump in and join the celebration of the NFT market We look at this launch party as a pivotal point of our overall corporate strategy, as celebrity platforms are paving new inroads into the ever-changing NFT market.”

The launch party featured a lineup of performances by legendary hip-hop artist, New York’s own Jim Jones, Brooklyn artist Bizzy Banks, and Kayne West’s artist KayCyy. Not only were there special performances, there was also the unveiling of never-before-seen NFT’s, plus a special award given to a young minority entrepreneur that definitely touched everyone’s heart.

 

All three artists performed the best tracks and fan favorites, and before performing, all artists discussed the importance of Hip Hop’s relevancy in the NFTs space. The music was provided by NYC’s top DJ’s such as DickByAir, Odalys, and DJ Cutbird, and various VIP guests attended such as Maino, Dyce Payso, DJ Blue Diamond, Papi Yerr, Keyu, Journey Montana, K Goddess, Nizzle Man and much more.

Bizzy Banks (left)

Check out how the event went down and interviews below

 

 

@legendnfts  

photos:@emeraldscity
Social Media: @JMartinVisuals 
Publicist: @averymsartistry 
Host: @lorealluchi 
Production: @mintbeats 
Curated by: @whoishistory

 

 

Writer:Kacee Marie|Instagram|Website