Now usually we’re on top of entertainment news, especially when it comes to successful Black women. However, somehow this news on Ashanti managed to fall through the cracks, so we are going to talk about it now! Did y’all know that back in March of this year, Ashanti joined EQ as a Major Partner which made her the FIRST Black female artist to become owner in a Web3 company? Well according to AFROTECH and Complex, that is indeed what happened.
Okay, so you are probably wondering, what exactly is a Web3 company, right? Well let me explain. According to Wikipedia, a Web3 (also known as Web 3.0) is an idea for a new iteration of World Wide Web based on blockchain technology, which incorporates concepts such as decentralization and token-based economics. Some examples of Web3 companies are Binance, Crypto.com, Coinbase, and Ripple.
Upon the announcement, EQ Exchange shared the great news via their Instagram account, with the caption:
EQ Exchange would like to officially welcome @Ashanti to the family! 🔥🚀
We’re ecstatic to be partnering with such a force in the music industry. Ashanti, a Grammy Award-winning, multi-Platinum music veteran, is the first Black woman owner of a music NFT company.
She continues to lead the charge as the future of the music industry and we’re grateful to be on this journey with her.
Please give her a warm welcome! 🥳
#Ashanti #AshantixEQ #AshantixEQExchange
The announcement of Ashanti joining EQ Exchange came after she made the 2021 announcement that she was re-recording her 2002 debut album entitled “Ashanti” in order to regain ownership of her masters. In an interview with Complex, Ashanti noted, “It’s so important to me to get the message out that artists should own their intellectual property. By empowering myself through new technology, I am trying to help other women avoid going through the things that I’ve been through. The future belongs to those who take control and make it their own.”
Janice Taylor, founder of EQ Exchange, also noted that “Ashanti is paving the way for the next generation of artists in the new creator economy. EQ Exchange could not have asked for a better partner as we work together to change the game for all artists, particularly women and people of color.”
If you ask me, it looks as though Ashanti is on a great alternative path to protecting her intellectual property, especially with there being an influx of minority, particularly Black women, breaking into the tech field. So congratulations to our girl Ashanti! In the words of “Martin Payne”, “YO GO GIRL!”