Kanye West Announces Plans to Launch His Own Blockchain

February 24, 2025: Kanye West, now known as Ye, is once again making headlines, this time in the cryptocurrency space. The rapper-turned-entrepreneur has announced his plans to launch his own blockchain, further expanding his empire beyond music, fashion, and business. While speculation about his potential entry into crypto has been circulating for some time, Ye’s latest statements confirm his ambition to create a financial ecosystem on his terms.

Ye’s Blockchain Vision

Transitioning from his controversial social media presence, Ye is now setting his sights on cryptocurrency innovation. In a recent tweet, he shared text messages discussing his blockchain vision, potentially named “YZYCHAIN.” According to the messages, Ye’s massive influence could allow him to develop a blockchain network, either by forking Solana or Dogecoin, where users would mine tokens to support the system.

Additionally, he criticized the memecoin trend, calling out the lack of authenticity in many celebrity-driven crypto projects. This aligns with a growing concern in the industry, as many high-profile figures, from politicians to athletes, have launched tokens that later face accusations of insider trading and market manipulation.

The Growing Trend of Celebrity Crypto Ventures

Several notable figures have recently entered the crypto world, including:

  • Donald Trump with his $TRUMP memecoin
  • Argentine President Javier Melei launching the $LIBRA token
  • Other influencers introducing highly speculative crypto projects

These tokens have often been criticized for their lack of transparency, high volatility, and pump-and-dump schemes. With Ye now stepping into the space, many are questioning whether his blockchain project will follow a similar pattern or genuinely disrupt the market.

Controversy Surrounding Ye’s Crypto Plans

As expected, Ye’s cryptocurrency ambitions have not come without controversy. He reportedly considered naming a token “Swasticoin,” a term linked to Nazi Germany, which immediately sparked backlash, given his past antisemitic remarks. The controversy escalated as he reached out to Binance co-founder Changpeng “CZ” Zhao, resharing CZ’s criticism of decentralized exchanges, which drew even more attention.

Furthermore, sources claim Ye is planning to launch a token next week, with 70% of its supply reserved for himself. While some reports suggest it might be called “YZY”, there is still uncertainty about whether it is separate from “Swasticoin” or an alternative concept.

The Uncertain Future of Ye’s Blockchain

Despite Ye’s bold declaration that “it’s time to launch my own blockchain,” his unpredictable behavior raises doubts about whether the project will truly materialize. This is not his first attempt at monetizing controversial symbols—his previous clothing line featured Nazi-inspired imagery, adding fuel to the ongoing scrutiny surrounding him.

As the crypto world watches closely, the question remains:
Will Ye’s blockchain be a game-changer, or is it just another high-profile stunt?

Only time will tell.

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Published by HOLR Magazine

Image Credit: Gretty Images

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