Ja Rule sells Fyre Festival painting for $122,000 in cryptocurrency
Yes Rule turns trash into treasure.
The platinum-rated hip-hop star, real name Jeffrey Atkins, has reportedly auctioned a portrait of the Fyre Media logo for $ 122,000 via the rapper’s non-fungible token company, KickFlip, which is an established and emerging artist and owners of valuable art the opportunity to monetize their work with the help of cryptocurrency.
The 48-by-60-inch oil paint portrait was created by Tripp Derrick Barnes and, according to Complex, moved to Ja Rule’s New York mansion when Fyre Media’s New York headquarters closed.
“One of the happiest moments in life is when you find the courage to let go of what you can’t change,” wrote Ja Rule, 44, on Instagram with a picture of the artwork.
The 2017 Fyre Festival he co-founded sparked a series of events that resulted in co-founder and promoter Billy McFarland being given a six-year prison sentence for defrauding festival goers worth $ 26 million.
Hundreds paid up to $ 100,000 in tickets, gourmet food, and luxury accommodations for the botched excursion that was supposed to span two weekends in the Bahamas. Instead, participants were left stranded on an island after arriving to find an incomplete spot, sandwiches on paper plates, tents for shelter, and very few staff.
The Fyre Festival also failed to deliver promised performances, and performances by Migos, Blink-182, Kendall Jenner, and others.
Both Hulu (“Fyre Fraud”) and Netflix (“Fyre: The Biggest Party That Never Happened”) released documentaries that recorded the catastrophic event.
During a US $ 100 million class action lawsuit against McFarland and others involved in the infamous event, rapper Murda Inc. was cleared by grave voices of any wrongdoing on the matter.
In 2011, lyricist “Always On Time” was sentenced to two years in prison after pleading guilty to criminal possession of a gun.
Born in Queens, he was released from prison in early May 2013 and has since written a memoir titled “Unruly” and starred on the family-based reality show “Follow the Rules” on MTV.