The self -proclaimed Nazi Kanye West announces the “new economy, built on the channel”

The artist formerly known under the name of Kanye West (he changed his name into “Ye” legally in 2018) is, in addition to being an self -proclaimed “Nazi”, now a resident of the web world 3 that he formerly turned into derision.

Wednesday, West went to social networks to announce Yzy Coin. “The official Yeezy token has just fallen,” said an annoyed air in a video published on his X account. In a few hours, Yzy had climbed a market capitalization of some $ 3 billion, cable reports. Shortly after, the currency medal planned a value and finally set around 1.5 billion dollars, writes Forbes.

West has also shared a link to a website with additional details on the new cryptography asset, although it does not provide much information. “Money Yzy is a concept to control you, free from centralized authority,” he said vaguely. There does not seem to be a white paper or other explanatory note sharing the functioning of the assets. Instead, the site includes a familiar non-responsibility clause: “Users recognize that digital assets involve inherent risks and a full loss potential. Nothing on this site constitutes financial or financial investment advice. ” The Site General Conditions page also seems to include stipulation that users renounce their right to participate in a collective appeal.

West said once the pieces were not his thing. Wired notes that, in a social position since deleted, West said once: “I do not do a medal”, adding: “The coins for fans with media threshing.”

The increasingly erratic and bizarre behavior of the rapper has left many spectators in search of an explanation. West himself said that he was suffering from a number of mental illnesses, alleging – in 2018 – that he was bipolar. However, earlier this year, West said that in fact, he had received a diagnosis of autism and that the previous diagnosis was incorrect. All we really know is that, at one point, West freed the singles killer like “Gold Digger” and “Strong” and went to Ellen Degeneres and then, at one point, he was unleashed on the Jews, carrying the hats Maga, presenting himself to interviews in outfits like this, and go out with a woman whose dress code leaves little to imagination.

To add to the astonishing devolution, West said earlier this year that he was a “Nazi” and published only one online entitled “Heil Hitler”. The platforms rushed to get rid of the song, but it persisted, appearing under various pseudonyms on Youtube and Spotify. West’s career has not recovered, so Shitcoin looks like a next natural step.

Gizmodo could not reach West to comment.