By: King Acklin
Jay-Z continues to conduct big business even while spitting dope verses in his 50s. The rapper/business mogul is among a group of investors that raised a $19 million dollar funding round for Bitski, a new start-up that specializes in NFT branding for companies. Specializing in creating NFT storefronts, Bitski has reportedly raised $23.4 million to date. Jay-Z’s investment in the San Francisco based company is through his Marcy Venture Partners.
The NFT space has been booming recently, with several investors coming from the world of hip hop. Artists such as Jim Jones, Wu-Tang Clan, Eminem and more have expanded into the NFT world anticipating the payoff for this current craze. As for HOV, this is just the latest move he’s made. Just this year, the rap legend has already invested in minority owned cannabis companies, sold a majority stake of Tidal and sold half of his stake in Armand de Brignac champagne.