TLDR
- Rapper Iggy Azalea plans to relaunch her telecommunication company, allowing customers to purchase phones and monthly cell plans using her MOTHER token or Solana (SOL).
- This move aims to increase the utility of the MOTHER token, a meme coin launched on the Solana blockchain.
- The payment infrastructure will be handled by Sphere Labs, and Unreal Mobile will provide the service for the phones.
- Monthly plans on Unreal Mobile range from $20 to $80, based on data usage and network spectrums.
- The announcement has contributed to a rally in the MOTHER token, which has advanced 18% in the past 24 hours.
Rapper Iggy Azalea is making waves in the cryptocurrency world with her plans to relaunch her telecommunication company.
In a recent social media post, Azalea revealed that customers will now be able to purchase phones and month-to-month cell plans using her MOTHER token or the popular cryptocurrency Solana (SOL).
Tomorrow I’m finally relaunching the telecommunication company I co-founded and you will be able to purchase phones, or month to month cell plans using $MOTHER or Sol 🥳
Ad campaign n rollout to follow late this week. Exciting 🙊
— IGGY AZALEA (@IGGYAZALEA) June 9, 2024
This move is part of a broader effort to increase the utility of the MOTHER token, a meme coin that Azalea launched on the Solana blockchain.
Meme coins, often associated with internet culture and viral trends, have gained popularity in recent years, with some achieving significant market valuations.
The MOTHER token was introduced in late May, and its issuance sparked debate among crypto enthusiasts.
While some voiced concerns that it could be a potential cash grab by a celebrity, others saw it as a sign of broader adoption of cryptocurrencies and their potential for mainstream use.
Since its launch, the MOTHER token has experienced volatile trading, but Azalea’s continual backing and promises of long-term growth seem to have paid off for early believers.
The token’s market valuation grew from under $10 million to over $200 million within a short period.
To facilitate the new payment options for phones and cell plans, Azalea has partnered with Sphere Labs, which will handle the payment infrastructure.
Unreal Mobile, a service provider for the phones, will offer a selection of devices for purchase.
The monthly plans on Unreal Mobile range from $20 to $80, with varying data usage and network spectrums.
This pricing structure is similar to traditional cellular service providers, but with the added option of paying with cryptocurrencies like the MOTHER token or SOL.
The announcement of this new venture has already had an impact on the MOTHER token’s performance.
According to data from DEXTools, the token has advanced 18% in the past 24 hours, outpacing gains in the broader meme coin sector.
