Iggy Azalea’s MOTHER Token Will get Actual-World Use: Purchase Telephones with Crypto?

• Iggy Azalea’s meme coin MOTHER token to be usable for telephone purchases.
• MOTHER token surges after announcement, fueled by potential real-world utility.
• Launch acquired combined reactions, with some skeptical of its legitimacy.

Lower than a month after its debut, Iggy Azalea’s meme coin Mom Iggy Token (MOTHER) is poised for expanded utility within the telecom house. In a current social media put up, the Australian rapper introduced plans to revive a co-founded telecommunications firm. Azalea said that MOTHER and SOL holders will now have the ability to use their tokens to buy telephones or month-to-month cell plans.

Tech agency Sphere Labs will deal with the cost infrastructure, whereas Unreal Cellular will present telephone companies. Azalea additionally famous that customers may have entry to “a collection of telephones for buy.”

“Tomorrow, I’m lastly relaunching the telecommunication firm I co-founded, and you should purchase telephones or month-to-month cell plans utilizing $MOTHER or Sol. Advert marketing campaign n rollout to comply with late this week. Thrilling,” Azalea wrote on X (previously Twitter).

Unreal Cellular affords three cell phone plans: Black, Gold, and Large Cellular, which value $20, $40, and $80, respectively. Since its launch, Mom Iggy has seen worth rises, surging by 864%, per Coinmarketcap knowledge. Over the previous seven days, the token has witnessed a 158% enhance, reportedly fueled by a Mom merchandise retailer announcement. Within the current intraday session, Mom Iggy rose by 23% to turn out to be one of many high gainers within the meme coin sector.

The Solana blockchain’s transfer into the smartphone sector has proved profitable after the corporate declared a sellout of the flagship “Saga” telephone. After a failed launch in 2022, the corporate’s constructive outing in 2023 sparked hype round Solana-based meme tokens.

Following this, Solana introduced the event of one other Saga telephone sequence. As of February 2024, the corporate revealed that presale orders for the second Saga telephone sequence have exceeded 100,000.

Mom Iggy’s launch in late Could was met with combined reactions from crypto market members. Whereas some considered it as a money seize, others noticed it as a step in direction of broader cryptocurrency adoption.