Current track

Title

Artist


Ja Rule sells Fyre Fest painting for $122,000  – Music News

Written by on March 25, 2021


Charles Sykes/Bravo/NBCU Photo Bank/NBCUniversal via Getty ImagesJa Rule is getting rid of any memory of the misbegotten Fyre Festival, which he co-founded. 

According to Complex, the rapper-turned-entrepreneur auctioned off a portrait of the Fyre Media logo for $122,000 through the rapper’s Non Fungible Tokens venture, KickFlip. It offers established and up-and-coming artists, and holders of valuable art, the opportunity to monetize their work by using NFTs.

The 48-inch-by-60-inch oil-paint portrait was created by Tripp Derrick Barnes, and relocated to Ja’s New Jersey mansion when Fyre Media’s New York headquarters closed. It followed a series of events that resulted in co-founder and promoter Billy McFarland receiving a six-year prison sentence for defrauding festival goers of $26 million.  

Hundreds paid up to $100,000 for tickets, gourmet food and luxury housing accommodations for the botched 2017 event. Instead, they were left stranded on an island after arriving to find an incomplete site, sandwiches on paper plates, tents for accomodations and very few staff. The Fyre Festival also failed to deliver promised appearances and performances from Migos, Blink-182, Kendall Jenner and more. 

During a $100 million class-action lawsuit against McFarland and others involved in the infamous event, Ja Rule was cleared of any wrongdoing in the matter. 

By Rachel George
Copyright © 2021, ABC Audio. All rights reserved.





Source link