Q. Why are some Nigerian artists criticizing Wizkid’s recent move to launch a crypto token?

Nigerian musicians are wary of Wizkid’s new crypto token for a few key reasons: 1. **Regulatory gray area** – Nigeria’s central bank still bans crypto payments and the SEC is tightening rules around digital assets. Artists fear the token could run afoul of the law, leaving holders exposed. 2. **Financial‑literacy concerns** – A lot of fans aren’t well‑versed in how tokens work. Critics worry the launch could be a “pump‑and‑dump” or a gimmick that leaves everyday supporters with worthless coins when the hype fades. 3. **Transparency & tokenomics** – Details about the token’s supply, distribution and utility are still vague. Without clear roadmaps, peers see it as a cash‑grab rather than a genuine ecosystem. 4. **Brand dilution** – Some feel Wizkid’s musical legacy could be tarnished if the token flops or gets associated with scams, which could reflect poorly on the whole Afro‑beat community. 5. **Market volatility** – Crypto prices swing wildly. Artists don’t want their fans’ hard‑earned money to be tied to an asset that could crash overnight. In short