ODB’s Estate To Launch “Dirty Coin” Cryptocurrency & It’s For The Children (Video)
Late Wu-Tang Clan member O.D.B. will be among the growing list of Hip-Hop artists to have their own cryptocurrency. The money will be appropriately called Dirty Coin and used to purchase his music and officially authorized merchandise. The announcement was made by O.D.B.’s son and aspiring rapper Young Dirty during an interview with Yahoo Finance today (March 6).
As O.D.B. stated that “Wu-Tang is for the children,” the Dirty Coin is fulfilling this mission for the late Brooklyn MC’s son. Following Ol’ Dirty Bastard’s death in 2004, much of his music catalog has been re-released in several greatest hits compilations, as well as his guest verses on other artists’ songs. The sales proceeds from the Dirty Coin transactions will go to the Wu-Tang Clan co-founder’s estate, and will then be used to fund Young Dirty Bastard’s forthcoming album, his concerts, and video productions.
Young Dirty Bastard (bka Bar-Sun Jones) explained his impetus to forge his father’s legacy via one of the biggest technology crazes of the decade. “Crypto is very big. The blockchain is one of the biggest inventions of our time. I don’t want to be out of the party. I want to come into the party.” O.D.B.’s son also noted that video games and books will be in the wheelhouse for fans to use Dirty Coin.
The partnership between O.D.B.’s Estate and Link Media Partners, a music A&R firm, has filed for an ICO (initial coin offering) under the symbol “ODB” in the stock market. When Dirty Coin officially goes on sale, its trading will occur on AltMarket, a crypto trading platform. There is no said date for the launch of Dirty Coin but is expected later this summer.
Since 2009, cryptocurrencies such as Bitcoin and Litecoin have seen exponential increases in their value. Several Hip-Hop artists such as 50 Cent, Nipsey Hussle, and O.D.B.’s Wu band-mate Ghostface Killah have been proponents of cryptocurrency investments, or created crypto to sell their music and other products.
Yesterday (March 5), Martin Shkreli was sentenced to forfeit his sole copy of Wu-Tang Clan’s Once Upon A Time In Shaolin. That album, recorded in Morocco and later sold in auction for $2 million, is said to contain previously unheard lyrics from Ol’ Dirty.