Rapper Ghostface Killah Enters The Crypto Game, Plans ICO

Rapper Ghostface Killah Enters The Crypto Game, Plans ICO

Group, ICO, Investing, News | October 6, 2017 br> By: Bruce Haring

Rapper Ghostface Killah of the Wu-Tang Clan has formed a cryptocurrency company that hopes to raise $30 million through an initial coin offering (ICO) next month.

His company, Cream Capital, takes its name from the 1993 Wu-Tang Clan song "C.R.E.A.M," or "Cash rules everything around me." The venture by Ghostface Killah (real name: Dennis Coles) is the latest celebrity venture into the world of crypto and ICOs, joining Paris Hilton and Jamie Foxx as endorsers.

The Wu-Tang Clan is an influential hip-hop group from Staten Island, NY. Original members included RZA, GZA, Ol' Dirty Bastard, Method Man, Raekwon, Inspectah Deck, U-God and Mastah Killa in addition to Ghostface Killah. The group's 1993 debut album, Enter the Wu-Tang (36 Chambers), is considered a masterwork of the genre.

Cream Capital CEO Brett Westbrook said during a CNBC interview that the company has been granted a trademark for the phrase, "Crypto Rules Everything Around Me."

"I personally think that anything that puts cryptocurrencies in front of the eyes of everyday people is a great thing for the markets overall," said Westbook. "On the other hand, I believe it's important that celebrities know the importance of their endorsements and understand the underlying principles of blockchain technology. The last thing we need is a household name promoting what turns out to be a scam ICO."

The ICO will be selling "Cream Dividend" tokens in November, which are based on the ethereum blockchain. Westbrook said the tokens will be integrated into debit cards that can be used at retail and through other vendors that accept card payments, adding that the firm has ATMs in North Carolina.