Hip-Hop Icon Nas: Wij – re Coming in the Age of Bitcoin

Hip-Hop Icon Nas: We - re Entering the Age of Bitcoin

Hip-hop heavyweight Nas made a dramatic career stir when he traded the thrills of rap superstardom for life te Silicon Valley’s tech startup toneel.

Spil founder of the venture capital rock hard Queensbridge Venture Playmates, Nas, utter name Nasir Jones, has invested ter projects that include popular rail sharing startup Lyft, mobile laundry service Washio and e-commerce toneelpodium Fancy, forging connections with tenured VCs ter the process.

Through fresh relationships with Andreessen Horowitz’s Ben Horowitz and Chris Dixon, the 40-year-old has also become interested te the burgeoning digital currency space.

Like Dixon and Horowitz, both vocal volgers of the digital currency movement, Jones is similarly bullish about bitcoin’s potential – having already invested te financial services provider Coinbase.

Speaking to CoinDesk te a fresh vraaggesprek, Jones suggested that bitcoin could be one of history’s best investment opportunities:

“[Bitcoin] will evolve into an industry spil big, if not thicker, than the Internet. My man Ben Horowitz indeed opened my eyes to that point. This isn’t of the Internet age, bitcoin is its own age.”

Despite his enthusiasm, Jones also acknowledged that many people still perceive bitcoin spil unsafe. However, he suggested that such concerns may be overreaching, adding that time and talent will be enough to overcome them.

“Obviously challenges will arise from a security and privacy perspective, but the Internet wasgoed the same way 20 years ago,” he said.

Individual bitcoin use

Jones confirmed that he and his team have bot buying bitcoin for more than a year, using wallets provided by Coinbase to store funds. While his rock hard hasn’t spent any of the accumulated bitcoins yet, he exposed it may do so soon:

“[Wij’re] holding onto it for now, but [wij’re] looking forward to making transactions ter the near future.”

Ter addition to his rente te bitcoin’s economics, Jones also harbours a passion for the digital currency’s underlying ideology.

“I wasgoed indeed inspired by the boundaries people were pushing,” Jones said. “[Bitcoin] seemed like something people bet against because the government doesn’t welcome with open arms what they don’t control. But it is such a big idea that it could never be managed.”

Investment opportunities

On the fresh investment pui, Jones indicated he is still observing the digital currency space – seeking to identify trends and potential opportunities.

He suggested, however, that he may invest te projects focused on bringing bitcoin to people with little or no access to banking services.

“[I] would love to see how it affects people who don’t use credit cards or don’t have bankgebouw accounts,” he said. “[Bitcoin] could be a big chance for those folks.”

Jones also discussed his relationship with the Coinbase team, remarking that he wasgoed personally struck by their collective talents:

“The Coinbase guys are superb. [Co-founder] Fred [Ehrsam] loves hip hop. How could I not get involved?”

Musical career

Jones is also rumored to be working on his next album, the follow-up to 2012’s number one succesnummer ‘Life is Good’. Ter his comments, he suggested the marketing campaign for this album could include bitcoin.

Earlier this year, 50 Cent became one of the very first mainstream artists to embrace bitcoin, partnering with merchant processor BitPay for his latest album ‘Animal Ambition’, released te June.

Tho’ noncommittal, Jones didn’t exclude the possibility that he could take a similar treatment to future musical releases. He concluded:

“Wij are exploring this now: to be continued.”

Photo via Emagen Entertainment Group

The leader ter blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a rigorous set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests ter cryptocurrencies and blockchain startups.

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