A new Bit-coin-like virtual currency inspired by rapper Kenya West is set to be launched, and has been dubbed "Coin ye West".
Kenya West is not involved and has yet to comment on its inception.
It will follow in the footsteps of "Doge coin", another virtual currency based on the popular Doge meme.
The value of Bit coin, the most famous virtual currency, peaked at over $1000 (£613) last year but is currently worth around $850 (£520).
Various alternatives to Bit coin have sprung up, such as Lite coin, Name coin and Pp Coin.
Virtual currencies are often linked to the purchase of illegal items, namely drugs, thanks to transactions being extremely difficult to trace.
However, more humorous currencies like Doge coin are used for more tongue-in-cheek transactions.
One user, posting on Doge market, a section on popular link sharing site Reddit, offered Doge coins in exchange for ideas to name a company.
"I thought the whole Doge coin thing was interesting," said Jeremy Bonny, from virtual currency news site Coin desk.
"It grew into something somewhat legitimate. There are people that genuinely believe in it out there."
Gig tickets
The makers of Coin ye West have lofty ambitions for the currency which they described as a "concurrency for the masses".
Concurrency explained: how Bit coin works
Bit coin is often referred to as a new kind of currency.
But it may be best to think of its units being virtual tokens rather than physical coins or notes.
However, like all currencies its value is determined by how much people are willing to exchange it for.
To process Bit coin transactions, a procedure called "mining" must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.
For each problem solved, one block of bit coins is processed. In addition the miner is rewarded with new bit coins.
This provides an incentive for people to provide computer processing power to solve the problems.
To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of about 3,600 new bit coins a day.
There are currently about 11 million bit coins in existence.
To receive a bit coin a user must have a Bit coin address - a string of 27-34 letters and numbers - which acts as a kind of virtual postbox to and from which the bit coins are sent.
Since there is no registry of these addresses, people can use them to protect their anonymity when making a transaction.
These addresses are in turn stored in Bit coin wallets which are used to manage savings.
They operate like privately run bank accounts - with the proviso that if the data is lost, so are the bit coins owned., they said: "I can picture a future where Coin ye is used to buy concert tickets, with cry photographically verified virtual tickets, and other ideas I can't give away just yet."
They said they planned to give away a number of Coin ye to early users when the currency launches on 11 January.
"It will get people who are on the fence interested and help them to start using the currency, and we hope they'll share it with their friends, too."
However, one Bitcoin expert urged caution in investing in new virtual currencies that were as yet untested in public use.
"There's been a number of people who have put out 'joke' currencies in the past," said Johnathan Turrall, chief technology officer atMetalair, a concurrency start-up based at the University of Sussex.
"There were some coins in the past that seemed to be a 'pump and dump' operation.
"In one case, the original developers launched on obscure websites, but when they took it mainstream, and the price spiked, they sold up and disappeared. Estimated earnings in one instance were $800,000."
Mike Hearn, a Bit coin developer, said Coin ye West was, at the very least, an expression of the "democratic" nature of the technology behind virtual currencies.
Concurrency explained: how Bit coin works
Bit coin is often referred to as a new kind of currency.
But it may be best to think of its units being virtual tokens rather than physical coins or notes.
However, like all currencies its value is determined by how much people are willing to exchange it for.
To process Bit coin transactions, a procedure called "mining" must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.
For each problem solved, one block of bit coins is processed. In addition the miner is rewarded with new bit coins.
This provides an incentive for people to provide computer processing power to solve the problems.
To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of about 3,600 new bit coins a day.
There are currently about 11 million bit coins in existence.
To receive a bit coin a user must have a Bit coin address - a string of 27-34 letters and numbers - which acts as a kind of virtual postbox to and from which the bit coins are sent.
Since there is no registry of these addresses, people can use them to protect their anonymity when making a transaction.
These addresses are in turn stored in Bit coin wallets which are used to manage savings.
They operate like privately run bank accounts - with the proviso that if the data is lost, so are the bit coins owned.
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