JAY Z Collaborates With 24 Year-Old Ghanaian Iddris Sandu On Innovative tech Incubator, Special LABS.
Sandu has a long history of professional successes dating back to when he was 13 years old. The technologist, who is now 24 years old, has worked with big firms such as Apple, Google, Facebook, Adidas, and Nike. SLABS has previously worked with Ivy Park by Beyoncé, The Marathon Clothing Store by Nipsey Hussle, Rihanna’s Fenty collection, and Kanye West’s Yeezy brand.
The investment follows MVP’s recent $19 million investment in San Francisco-based startup NFT marketplace Bitski, which includes Roc Nation co-founder Jay Brown, Troy Carter, Endeavor CEO Ari Emanuel, 3LAU, and Andreessen Horowitz.
MVP Capital was created in 2019 as a venture capital firm with a focus on entertainment, sports, and brands. The firm invests in cultural products, services, digital media, and technology startups and mass-market brands.
Both firms will investigate the nexus of technology, culture, and humanity as part of their relationship. Sandu will be the first to test LNQ, a blockchain-based platform.
“aims to make the metaverse more accessible and provide creators with decentralised tools to engage with their communities through LNQ’s proprietary, real-time processing stack.”
“Iddris has a conscious world view and a youth-centric vision that is innovative and refreshing to witness,” Jay-Z said in a statement. “We share similar parallels in how we imagine impacting people in our lifetime. Partnering with him on this journey and others is very exciting.”
For his part, Sandu said: “JAY Z has always been at the forefront of cultural evolution and identifying the next leaders.
Marcy Venture Partners’ alignment with our mission of raising the kids in terms of access and actual technology empowerment is a big help.
“The lasting impact of this relationship is not simply defined by the work we’re doing now, but by the immeasurable impact for generations of creators to come.”