Former Guns N’ Roses drummer Matt Sorum is going crypto
March 13, 2018
As interest in blockchain, cryptocurrencies, and initial coin offerings continues to explode (despite a recent pullback in the price of bitcoin), celebrities keep rushing in. Paris Hilton, boxer Floyd Mayweather, NFL player Richard Sherman, and rappers from The Game to DJ Khaled to Young Dirty Bastard have all launched or promoted ICOs.
Add Rock and Roll Hall of Fame drummer Matt Sorum to the list.
The former member of bands like Guns N’ Roses and Velvet Revolver is launching Artbit, a live concert hosting platform and payment solution for artists built on top of Hashgraph, a distributed ledger platform. On a distributed ledger, records are immutable, which is why blockchain has caught on for digital collectibles and other smart contracts.