Jay-Z Adds Incubator to Portfolio of Blockchain/Crypto Investments: Report

Jay-Z Adds Incubator to Portfolio of Blockchain/Crypto Investments: Report
Jay-Z knows diamonds are forever, but what about crypto? The hip-hop legend and business mogul’s Marcy Venture Partners (MVP) is adding spatial LABS (sLABS), a metaverse and blockchain-based tech incubator, to his growing list of crypto investments, according to a report from Billboard.Founded by 24-year-old entrepreneur Iddris Sandu, next year sLABS will launch its first product, “LNQ,” a blockchain-enabled hardware platform that helps onboard young creators to the metaverse, Billboard reported.This is not MVP’s first blockchain/cryptocurrency investment. Others include blockchain developer Alchemy; French hardware wallet and security infrastructure startup Ledger; and ₿trust, a trust with an initial endowment of 500…