In 2015, Durant told ESPN's Fantasy Football Focus podcast: "I would definitely love to own a team, you know hopefully one of these years, toward the end of my career.". $40 million Its rise from a niche internet fad to multi-trillion dollar industry has attracted the attention of public figures beyond the world of tech. who took home $35 million. Cryptocurrency exchange Coinbase Global finally went public Wednesday afternoon at a valuation of nearly $100 billion, as the company takes advantage of surging demand (and prices) for bitcoin . The stock price ended the day at $328.28, giving the company a market value of nearly $86 billion. In April last year, the Shiba Inu market cap barely registered anything but in April 2022 there are well over 1,000 Shiba Inu wallets valued at over $1 million. (Video) Nas And Kevin Durant Make Multi-Millions Overnight From Coinbase Debut, (Video) Nas - Rapper Turned Investor | Makes Over $100 Million On Coinbase Investment | Nicky And Moose, (Video) Nas Made $100 Million From Coinbase, (Video) Nas made 200M with Coinbase IPO | How was made $200,000,000, (Video) Kevin Durant And Nas Made How Much From Coinbase??? The rapper's investment company has been on a hell of a run recently. What year did Nas invest in Coinbase? 02/25/2023. With Coinbase's Nasdaq debut on Wednesday, Union Square's wager on a web service that at the time had just over 100,000 members buying and storing bitcoin is now worth about $4.6 billion. Rap legend @Nas is on the @coinbase cap table. After dividing that investment range by Coinbases Series B share price from thattime, Coindesk estimates that QueensBridge could now own99,329 shares on the low end or 496,642 on the high end, which would give the firmbetween $34.76 million and $173.8 million worth of shares. aid: '713496', , some fans see it as a misguided attempt from both rappers to capture 2021s zeitgeist while flexing their personal wealth. 50 Cent Fans Clown Rick Ross Over Richer Than I Ever Been Album About Nuseir: Nuseir Yassin, founder and CEO of Nas Daily, has grown to be one of the most influential content creators on social media. Lastly, a multitude of creators are tapping into the earning potential associated with non-fungible tokens (NFTs), and Dr. Lukes Prescription Songs announced two weeks ago that its songwriters will have the option of receiving their royalties in Bitcoin moving forward. Make A Statement. In any event, Nas acknowledged the crypto-fueled windfall in a pair of tweets, writing first: Long crypto forever. How did Nas invest in Coinbase? Amid increasing popularity in the cryptocurrency market, shares went as high as $430, giving the company a short-lived valuation of over $100 billion. There wasnt a time when [rappers] didnt think about investing, says Nas. The basketball star is known to make start-up investments. Has a nice ring to it! Coinbase stock is down 83% from its all-time high, including a 25% drop in just the last 24 hours alone. If you continue to use this site we will assume that you are happy with it. His foray into venture investing was born back in 2013 when he made a six-figure investment in a defunct media brand called "Mass Appeal." Wu Tang Clan, Nas NY State of Mind Tour 2023: Dates, Venues, How to Buy Tickets, More!,The Wu Tang Clan and Nas are back on their famous link-up and are embarking on their State of Mind Tour this 2023! The specific amount is not known but Anthony Saleh, a partner at QueensBridge, told CNBC the group tends to invest between $100,000 and $500,000 in a company. An early investor in the company, the rapper's stake is worth at least $40 million. cat: 'money', Coinbase has listed 114,850,769 shares of stock, but we don't yet know exactly how many will be available for sale, and the company has yet to reveal a proposed stock price. At the time of the investment, shares of Coinbases Series B were worth $1.00676, meaning Jones firm would have between 99,239 and 496,642 shares, according to CoinDesk. Rapper Nas has reportedly earned north of $40 million from an eight-year-old investment that his QueensBridge Venture Partners made in cryptocurrency-exchange platform Coinbase. Nasir Jones' QueensBridge Venture Partners invested in 2013. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. Long crypto forever. in sickness & in health, Jones tweeted this morning, just hours before Coinbase started trading. baseDivId: 'pb-slot-right-1', On a gray morning in May 2016, I left my office in downtown San Francisco and walked down Montgomery Street, to Wells Fargo. Said hub launched an invite-only beta earlier this month. A USD$250,000 investment in Coinbase in 2017 would be worth USD$13.5 million at Wednesday's closing price, making him one of the richest sportspeople off the court as well as one it. Nas' song collaborators have been involved in the crypto industry as well. BE 100s One year later, the pair did it again on "Success" from Hov's 2007 album American Gangster where Nas famously told the world, "Google Earth Nas, I got flats in other continents." related . It earned $40 million when Amazon bought doorbell and security company Ring in 2018. That . After Coinbase went public on Wednesday, its shares closed at $328 on the opening day leading to a company valuation of over $85 billion, Newsweek reports. How Much Did Nas Get From The Ring? Back then, it was worth roughly $143 million. SOPA images. display: none !important; heads and hip hop fans alike with his new Jay-Z/ DJ Khaled collaboration, Sorry Not Sorry. } Reviews: 85% of readers found this page helpful, Address: Suite 517 2436 Jefferey Pass, Shanitaside, UT 27519, Hobby: Cooking, Gambling, Pottery, Shooting, Baseball, Singing, Snowboarding. Warning he has been playing nice up until now while calling out adidas GM Daniel Cherry. With a direct listing, the shares are basically just opened up to the market at some predetermined moment with little to no banking fees. }).render('1b37e0aabe7e47acbf988f0bd583eba5'); Hoping to bring the title back onto the PlayStation Store soon. Nas is looking at a major payday from his investment into cryptocurrency currency exchange platform Coinbase. aid: '713496', The long list of celebrity investors is an interesting one, however, you can't fault Nas for getting into crypto early. }, one + 8 = .hide-if-no-js { Meanwhile, Nas QueensBridge Venture Partners hasnt revealed how much the One Mic emcee invested in the company. According to the SEC filing, Ribbit Capital owns at least 5% of Coinbaise shares. The Coinbase effect is quite real. Airdrops are essentially promotions of new cryptocurrencies that developers release to spread awareness and recognition. targeting: { How do you make millions with cryptocurrency? 3. Nas and Snoop Dogg invested in Robinhood 7 years ago. In just the past hour, the price grew by 0.31%. The minimum amount needed to buy cryptocurrency on Coinbase is $2. As per reports, the stock closed at $328 during the first day of trading, which came around to a whopping $86 billion valuation. Coinbase Stock Frequently Asked Questions:By popular demand, here are some of the Some customers may have fallen victim to a phishing . When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue. Cryptocurrency Scarface immediately enters the Nas tech talk lexicon right alongside Google Earth Nas, I got flats in other continents. The New York hip-hop legend is becoming a co-owner of Escobar Cigars, an upstart label. His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. Two-time NBA champion Kevin Durant just joined rapper Nas in earning huge payouts from their early investments in the cryptocurrency trading platform Coinbase. Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency, called Ether, or ETH, or simply Ethereum. ABOUT Shares of Coinbase Global Inc., the largest U.S. cryptocurrency exchange, started trading Wednesday under the ticker symbol COIN. page_type: 'article', Named after the New York housing project where he grew up, QueensBridge has invested in more than 100 companies, including Casper, Dropbox, FanDeul, Parachute, Lyft Nas invested in Coinbase through his portfolio company Queensbridge Venture Partners. 44. Entrepreneurs Summit The Node The biggest crypto news and ideas of the day. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. According to his blog on NasAcademy.com, Nas Daily makes $400,000 to $500,000 every month. Jones venture capital portfolio expands beyond just Coinbase. 2023 Celebrity Net Worth / All Rights Reserved. Coinbase shares closed at $328 after its first day of trading, giving the company a valuation of more than $85 billion. Youll usually find this icon in the upper right-hand corner of your screen. Eight years later, Coinbase is scheduled to go public and be listed on NASDAQ Wednesday (April 14th), which could potentially bring its value to $100 billion. Nas has landed a number of successful early investments, primarily in technology companies. The Marvel and Disney+ series only has two episodes left. At the lower end of this range, Durant's 2017 investment would now be worth $15.3 million. Brian Armstrong Coinbase went public in a direct offering on Nasdaq on April 14, 2021, briefly reaching a market capitalization of $100 billion. kw: 'mandc,kevin-durant,nas', Thirty-year-old crypto billionaire Sam Bankman-Fried took aim at Bitcoin, the world's largest cryptocurrency, saying it has no future as a payments network in an interview with Financial Times today. Kevin Durant speaks onstage during TechCrunch Disrupt in September 2017, San Francisco, California. Coinbase now has a market cap of $60 billion and each share trades for $297. Shiba Inu Price Prediction 2025 It is assumed that in 2025, the minimum SHIB price might drop to $0.00004255, while its maximum can reach $0.00005170. Coinbases other investors include top-tier venture firms like Andreesen Horowitzwhose cofounder Ben Horowitz is a friend of Jonesand Union Square Ventures. Is Shiba Inu Coin (SHIB) a good investment? How long does it take to discover a data breach? All Rights Reserved. Produced by Khaled, lyrical legends Jay-Z and Nas trade bars over a sample of Bobby Glenns Sounds Like a Love Song. How many shiba inu millionaires are there? Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy." Nas has started several business ventures outside of music, including Queensbridge Venture Partners, and has invested in Lyft, Robinhood, and PillPack. How much money did Nas make on Coinbase? Note: We don't recommend accessing Coinbase through a browser on your mobile device. 20. 7. Since then, Bitcoin has overgone two pivotal bull runs and shares in Coinbase have exploded in value. Forks and airdrops may not make you rich overnight, but they're a great way to accumulate excess cryptocurrency, which can help you build long-term wealth. The cryptocurrency hit a record high on Nov. 10 at $68,990. You may have more than one ad-blocker installed. What is Palantir's competitive advantage? Rapper Nas Scored $40 Million From Coinbase's IPO. tude.refreshAdsViaDivMappings([ { 45. Not too bad a return. November 9, 2019. On Wednesday, Coinbase stock was indicated to open around $350, or 40% above its reference price. What happens when no more shares to short? The stock peaked at $429. According to Coindesk's analyses, if QueensBridge's average investment is between $100,000 and $500,000, the VC firm would have bought between 100,000 and 500,000 shares at that round. Fans are divided about the reference in his new song. Rapper Nas founded QueensBridge Venture Partners in 2013. A source familiar with the matter confirmed QueensBridge is still on the Coinbase cap table. This is a ninefold increase from . With the launch of two crypto futures . Coinbase Global Inc.'s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. QueensBridge makes. I swiveled open the two gigantic doors, walked up to the counter, and explained to the teller that I needed to send a money wire to Gemini Trust Company, LLC., a cryptocurrency exchange based in New York . }); EVENTS Although it seems impossible for SHIB to reach 1 cent right now, if the project begins burning more and more supply, however, that will certainly be possible. ]); Today, Robinhood's worth $32 billion. Now that Coinbase has been listed on Nasdaq and is currently trading for $297 per share, early Coinbase investors like Nas and NBA star Kevin Durant have made a lot of money. QueensBridge, which has invested in companies like Robinhood, Lyft, and Dropbox, could get from $34.76 million to $173.8 million based on a formula of $350 per share (QueensBridge owns anywhere from 99,329 shares to 496,642). Nas Will Make $100+ Million On Wednesday's Coinbase IPO Nas' Tech Investments Are Paying Off In A Big Way Nas' Investment In Streaming Service Pluto TV Pays Off, Viacom Buys It For $340. 100 companies pitch QueensBridge Ventures every month but they invest in fewer than three of them. Considering this, How much money did Coinbase make from the Super Bowl? }, 9 six = .hide-if-no-js { Nas has made a slew of investments under his venture capital firm, Queensbridge Venture Partnerssupporting companies like SeatGeek, PlutoTV, Dropbox, and RobinHood. U.S. rapper Nasir Jones (better known by his stage name, Nas) is among the fortunate few to have made early investments in Coinbase, the cryptocurrency exchange expected to reach over $100. As such, we believe that Shiba Inu Coin (SHIB) is a good investment, especially in the long run. He made one of the most extensive investments in a doorbell company named Ring. SistersInc. The return on investment could help Durant move closer to his goal of owning an NFL team at some point in the future. why does my wallet address change on coinbase, how to sell coinbase back to my bank account, where to place destination tag to send ripple from ledger. Women of Power TECH, PODCASTS } Nas didn't invest in Coinbase directly, as his investment was made via his portfolio company Queensbridge Venture Partners. This will open a checkout window that displays the Creator Fees. The cryptocurrency exchange was valued at $99.6 billion today when trading began and reached a valuation of over $100 billion in minutes. According to the Hollywood Reporter, the hip-hop mogul has teamed up with Google and others to raise a $20 million financial backing for Carry1sta mobile game published based in Cape Town, South Africa. The latest in injuries draws further concern to the NBAs shortened 2021 season. 9. subcat: '', Feel like getting on touch or staying upto date with out latest news and updates? Another jibed that he almost broke [his] thumb turnin it off: Nas called himself the crypto currency scarface and I almost broke my thumb turnin it off https://t.co/xlbFUCqLeZ, PrThegreat609 (@CoachPr_NJ) April 30, 2021. Running Up That Hill Isnt the Only Track Thats Finding New Fans After Scoring a Major Placement, Unauthorized Music Usage on TikTok Can Cost Brands Big But Theres a Way to Avoid Expensive Licensing Headaches, Sync Licensing Is Evolving Now Theres a Comprehensive Analysis of the Music Industrys Most Exciting Segment, How Sync Licensing Helped Musicians Thrive When Live Music Was Paused, Kate Bush Thanks Stranger Things Fans for Giving Running Up That Hill a New Lease on Life, 'Bone Conduction' Headphones Don't Go Over Your Ears But Still Transmit Sound to Your Inner Cochlea, Bootie Brown: The West Coast Rapper Making It Big in the Music Business, Spotify Is Riddled With Fake Streams Or Is It? As one of the first investors in Ring, a doorbell security company, Nas will now receive over $40 million now that the company has been acquired by Amazon for $1.2 billion, according to a report from webuyblack.com. Go check that out, and when you are finished, come back here. Coinbase listed on Nasdaq, and its direct listing opened at $350 per share, $100 above its set reference price. The trading platform's public listing was highly anticipated amid the increasing popularity of cryptocurrency. In other words, Nas' early investment is about to pay off, big time. A source familiar with the matter confirmed QueensBridge is still on the Coinbase cap table. That value could also rise to $43.7 million and $218.5 million, respectively, if Coinbase shares trade at investment bank DA Davidson's new price target of $440 . 39. After all, money is his honey. On average, the trading cost will be around $0.00004379. What are your thoughts on Nass potential payday? Some bulls are projecting a valuation at $100 billion or better, which would make it bigger. Analysts think . Nas has also invested in hot properties like Genius, Dropbox, Lyft, and SeatGeek. Here's an example: if a customer wants to buy $100 of bitcoin with a U.S. bank account or digital wallet, the flat fee would be $2.99 and the variable fee would be $1.49, so the customer would pay a $2.99 fee on the transaction. Trading and transaction fees: 3.5 out of 5 stars Coinbase's fee structure is a confusing combination of elements that depend. 8 7 = .hide-if-no-js { Jay-Z set up a Bitcoin development fund worth 500 Bitcoin ( BTC ) in cooperation with Twitter CEO Jack Dorsey in February. Coinbase now has a market cap of $60 billion and each share trades for $297. Create your account. Beatrice. TechCrunch, CC BY-SA. When they did begin trading, Coinbase's shares surged, briefly shooting up 60% to $400 each.
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