Yes, he might have. Jay Z often references popular culture in his lyrics, and 'Pulp Fiction' is such an iconic part of pop culture that it's possible he has made some allusions to it.
There's no way to really tell if it's common specifically for someone named Jojo. However, in general, reading fanfiction is a popular activity among fans of many different franchises. The Jojo series has a large and dedicated fan base, so it's likely that there are fans named Jojo who partake in reading fanfiction, but we can't say for sure how common it is without more data.
Perhaps this Jojo is interested in exploring different interpretations and stories within the Jojo universe that fans have come up with. Fanfiction often takes the existing characters, settings, etc. from the original Jojo series and creates new and unique storylines. So, this Jojo might be a big fan of the series and wants to see what other fans have imagined.
The JoJo manga is mainly in black and white. Colored versions exist but are not the norm. Sometimes, colored illustrations are done for promotional purposes or by fans.
I think it's great. The characters are memorable, the plot is full of twists and turns, and the battles are epic. It's a manga that stands out from the crowd.