The crypto alternate Coinbase
$2.86B
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 put up 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, often known as “Cobie”. He was one of many authentic 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 trade and was as soon as sponsored by the now-defunct alternate FTX. The final episode aired in December 2022 after FTX shut down.
In Could, Cobie stated he now not managed whether or not the podcast would return. As a substitute, he stated:
The facility 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, however it solely acquired a high provide of 4.7 ETH
$3,955.18
, about $18,500. Coinbase ended up paying far more, which made the NFT one of the vital costly ever offered.
Cobie said 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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