Ace Frehley recently went on Instagram and shared an AI-generated image of a coin featuring a guitar icon and the words ‘ACE V.’ He teased in the caption, “This crypto stuff is wild…should I launch ‘Ace Coin’?”
It’s unclear whether Frehley is serious about launching his own cryptocurrency, but many fans in the comments agree that it’s a bad idea if he does. Some believe making a physical version of the coin is better.
Crypto money gained popularity in recent years, with many celebrities investing in digital assets. Frehley’s former KISS bandmate Gene Simmons is among those who jumped into the trend.
Simmons revealed on social media a few years ago that he invested in a variety of digital currencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, and XRP. The post clarified that he wasn’t offering financial advice, adding, “Make of it what you will.”
Currently, the bassist is working on a new project with KISS. The band is developing a virtual tour featuring their digital avatars. They teamed up with Pophouse and invested about $200 million into the project, which is expected to launch in a few years.
Frehley thinks he might also benefit from the avatar shows as he still owns the rights to the Spaceman makeup, which has been worn by Tommy Thayer since 2002.
