For a Billionaire like Jay-Z money is truly no object. Unless it’s a digital one. Jay-Z has now turned his head towards a real game-changer as of late, Bitcoin. Jay-Z and his Mercury Venture Partners are investing in spatial Labs (sLabs, a tech incubator that focuses on meta-verse and blockchain-related products.
SLabs was founded by Iddris Sandu, a Ghanian born and raised in Southern California at a young age Sandu showed an aptitude for tech. Sandu has worked with major businesses such as Apple, Google, and Facebook since he was 13 years old.
In a statement, Sandu said, “Aligning with Marcy Venture Partners supports our mission for uplifting the kids as it relates to access and a means to actual technical empowerment.” “This relationship’s long-term significance is characterized not just by the work we’re doing now, but by the immeasurable impact it will have on future generations of creators.” Sandu’s other credentials include Uber, Instagram, Beyoncé’s Ivy Park, Kanye West’s Yeezy, Rihanna’s Fenty brand, which are among the 24-year old’s very impressive partnership portfolio.
LNQ, the tech incubator’s first product, will be released next year. According to Billboard, Sandu’s goal with LNQ, a blockchain-enabled hardware platform, is to “give youthful innovators with better tools to leverage the metaverse when it becomes a reality.”
In a statement, JAY-Z said, “Iddris has a mindful world view and a youth-centric vision that is creative and refreshing to behold.” “We have similar ideas about how we want to affect people throughout our lives. Partnering with him on this journey and others is very exciting.”
This story was originally covered by our friends at Afrotech. Remember to subscribe to Urban Tech Connect Newsletter and get access to information, education, and people who can help accelerate your journey.