The crypto change Coinbase
$3.07B
has spent $25 million to purchase and destroy a non-fungible token (NFT) linked to the return of a crypto podcast, UpOnly.
On October 21, Coinbase CEO Brian Armstrong confirmed in a publish on X that the acquisition had taken place.
Blockchain information from Arkham Intelligence confirmed that $25 million in USDC
$1.00
was despatched to a pockets owned by Jordan Fish, also referred to as “Cobie”. He was one of many unique hosts of the present.
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UpOnly grew to become widespread throughout the 2021 crypto growth. The podcast featured conversations with main names within the crypto business and was as soon as sponsored by the now-defunct change FTX. The final episode aired in December 2022 after FTX shut down.
In Could, Cobie mentioned he not managed whether or not the podcast would return. As an alternative, he mentioned:
The ability is now saved inside this NFT that I simply minted. When the NFT is burned, the podcast will restart.
The NFT was listed on OpenSea, but it surely solely acquired a high supply of 4.7 ETH
$3,853.14
, about $18,500. Coinbase ended up paying rather more, which made the NFT some of the costly ever offered.
Cobie acknowledged that it had been years for the reason that podcast ended. He joked about renaming the podcast and spending the cash on beauty modifications.
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