New Bitcoin-Esque Cryptocurrency Named After Kanye West Launching

Kanye West

Courtesy of Island Def Jam

Coinye West, in the vein of Bitcoin and Dogecoin, launches Jan. 11

First it was Bitcoin. Then came Dogecoin. Now, a group of Internet denizens are creating a new form of e-currency -- and it's got that New God Flow.

As Noisey reports, a new cryptocurrency named after Kanye West is about to hit the marketplace. Deemed Coinye West, the currency is supposed to become available Jan. 11.

In an interview with Noisey, the creators of Coinye West said they're remaining anonymous "in case kanye gets pissed off," but the currency is totally legitimate. With a tagline of "we ain't minin', we pickin'," Coinye West is created in the spirit of, according to its creators, making it "easier for people to use cryptocurrency."

"We chose to represent Kanye because he is and always has been a trendsetter, and he’s always keeping things unique," the Coinye creators added. "I can picture a future where Coinye is used to buy concert tickets, with cryptographically verified virtual tickets, and other ideas I can’t give away just yet."

Yeezus himself isn't exactly behind the idea just yet, but that hasn't stopped the creators of Coinye West from reaching out to the rapper in the hope that he'll invest -- or, at least, not get mad about its existence.

"Have you ever invested in bitcoin or litecoin?" its creators asked West via Twitter. In the Noisey interview, they also invited West to get in contact with them, offering the rapper 100,000 "COINYE," as it's being called.

No word on how the rapper feels about having a form of currency named after him just yet.