At the heart of both the birth of cryptocurrency and hip-hop lie the economic aspirations of groups of people on the fringes of society. This weekend is official A memory of half a century A musical genre that sparked an explosion in pop culture. Today, the hip-hop market is estimated at $8 billion.
Several Gen Xers who were witnesses to the The beginning of rap They have been captivated by the prospect of building an open and decentralized financial system since the first Bitcoin
They both adjust
Industry leader in encryption Deidra McIntyre She created the Black People & Cryptocurrency Facebook group in September 2017, which has more than 10 thousand members. She mused, “Both are remixes. She takes hip-hop, soul, disco, jazz, reggae, jo-go, rock, and many other pre-existing genres and then remixes them to create something new by layering spoken word rhymes over the parts.” My favorite parts of music were convoluted – existing songs. Technologists did the same with the birth of Bitcoin. They combined pre-existing principles of decentralization, cryptography and blockchain to create functional digital money produced by computers spread globally – not a single government or corporation.”
Nipsey brought cryptography to the hip-hop consciousness
The late Nipsey Hussle, who started investing in Bitcoin in 2013, noted in a XXL Magazine Interview that he brought cryptocurrency into hip-hop consciousness. “If you can understand the supply and demand, if you can understand the disposal of free music and the monetization of touring, then you can understand cryptocurrency.”
McIntyre, who is coordinating this year Black Blockchain Summit at Howard University next month, he also tells me, “Just as hip-hop also gave birth to new dances, art, fashion, and rhetoric, Bitcoin has birthed new vocabularies, alternative currencies, and NFTs as well as the Web3 and metaverse environments that can facilitate transactions.”
Their views form a symbiotic portrait of the motivational echoes of hip-hop and crypto. There are unmistakable hallmarks linking disruptive industries.
Crypto meets hip hop retrospective
Looking back, there have been interesting milestones combining crypto and hip-hop. the film tonicDirected by Rick Famuyiwa in 2015, it is one of the first crossover pop culture phenomena to merge the two ecosystems.
However, some of the most exciting moments occurred five years ago, after bitcoin reached nearly $20,000 in December 2017. The rapper ikon All gone, Akion launched and announced plans to create a crypto city in Senegal in 2018. And Actress Boy He released his hit song “Bitcoin”.
That same year, an urban legend surrounding rapper 50 Cent spread due to a TMZ Story who claimed to have received a partial payment in bitcoin for animal ambition album. As with most urban legends, it turns out that A.J Juicy rumor Some are still spreading.
Perhaps the most impressive fusion of 2019 came when Lil Nas X’s hit single, “Old City Road“,” Youtube bubble night whose version was a parody about the financial highs and lows of crypto users. Delivery rose to the moon.
This interaction was not without controversy. “The Message” by Grandmaster Flash and the Furious Five Still reigns, it’s like a jungle sometimes! But this union is still in its infancy.
Today, rap and hip-hop icons like Pitbull, Megan Thee Stallion, and JayZ are enthusiastically re-crypting. There is no doubt that when cryptocurrencies celebrate their half-century, songwriters will remember how hip-hop permeated their origin story.