Kanye West is making waves again, this time focusing on cryptocurrency. The rap icon and entrepreneur has announced plans to launch his blockchain, signaling his ambition to build a digital empire on his terms. Known for pushing boundaries in fashion, music, and business, Ye is now focusing on building his financial ecosystem, signaling that he’s not just playing the game; he wants to rewrite the rules.
West made the revelation in a tweet, sharing a photo of text messages from an individual named Edward. The messages suggested that Ye has enough influence to build his blockchain, potentially called “YZYCHAIN.”
The text further outlined how projects like Cardano took years to fully develop and raised billions in the process. The idea was that Kanye could fork Solana or even Dogecoin to create a network where users mine tokens to support the ecosystem.
https://twitter.com/kanyewest/status/1893123962428891160
But that’s not all. Ye attacked existing memecoins saying they are fake and intends to launch a coin of his own. But he set off a firestorm with a suggestion for a token called “Swasticoin,” a name associated with Nazi Germany. That has only fueled the backlash against his recent comments about the Jewish community.
Ye has been exploring multiple blockchain networks, naming Ethereum, Solana (spelled “Solona” by Ye), BNB Chain, and Hyperliquid. And he’s also apparently very interested in connecting with Binance co-founder Changpeng “CZ” Zhao.
He even reshared one of CZ’s posts attacking decentralized exchanges. CZ later reacted with a thinking emoji and a remark about Ye’s skyrocketing follower count.
Sources close to Ye have confirmed that he is planning to launch a token next week, with 70% of its supply reserved for himself. The report also mentioned that the token might be called “YZY,” suggesting it could be a different project from “Swasticoin.”
This isn’t Ye’s first attempt at monetizing Nazi imagery. He recently sold T-shirts labeled “HH-01,” believed to stand for “Heil Hitler,” featuring a Swastika. The controversy escalated when a Super Bowl commercial directed viewers to his website, though it didn’t explicitly advertise the shirts before the site was taken down.
While Ye has declared, “Time to launch my own blockchain,” his erratic behavior leaves room for uncertainty. Whether he follows through or abandons the idea remains to be seen.
Also Read: Bybit CEO Ben Zhou Calls Pi Coin a Scam Amid Mainnet Launch
