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An early investor in the company, the rapper's stake is worth at least $40 million. Rapper Nas has built an expansive investment portfolio spanning more than 100 companies, from fintech to mattresses. Make A Statement. At the share price of $415 that the stock reached minutes after trading began, those shares were worth between $41.2 million and $206 million. cnx({ div_id: 'div-gpt-ad-rightrail-1', The EPMD artist and his venture-capital firm, which has also exited investments in Dropbox and Lyft, participated in Coinbases $25 million Series B funding round in 2013, when the now-massive company was valued at a comparatively small $143 million or so. Coinbase, a San Francisco startup that allows people to buy and sell digital currency, became the first major cryptocurrency company to go public when it made its stock market debut on Wednesday.. With Coinbase shares being around $1 at the time of his early 2013 investment, if Nas purchased 500,000 shares, he could be seeing a return of around $165 million. 8 7 = .hide-if-no-js { who took home $35 million. Nas is an extremely successful venture capital investor, Nas Has Secretly Built A Venture Capital Tech Investment Empire, Nas' Tech Investments Are Paying Off In A Big Way, Nas' Investment In Streaming Service Pluto TV Pays Off, Viacom Buys It For $340 Million. 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. What are your thoughts on Nass potential payday? How long does it take to discover a data breach? 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. On Wednesday, Coinbase is expected to debut at $350 per share. Its everything youd expect from the duo, who have traded in war stories about their young adulthood in Brooklyn, for not-so-humble brags about their investment portfolios. Shout out to @FEhrsam @brian_armstrong @bhorowitz @cdixon #CoinbaseIPO, stated Nas, who also wrote an encouraging message to UnitedMasters CEO Steve Stoute following his companys recent $50 million raise. This week they announced an unlikely new minority shareholder in US rapper Snoop Dogg. After the track was briefly unavailable on streaming services. Since Jay-Z also mentions his investment portfolio, some fans see it as a misguided attempt from both rappers to capture 2021s zeitgeist while flexing their personal wealth. Deleting your Coinbase account is very simple (kind of). The latest in injuries draws further concern to the NBAs shortened 2021 season. 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 . His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. INFORMATION Coinbase, the largest cryptocurrency platform in the United States, will have its highly-anticipated Initial Public Offering (IPO) on Wednesday. In other words, Nas early investment is about to pay off, big time. 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Royal enables fans to be a part of the artists' journey by selling song rights as NFTs, giving a chance for anyone to own a piece of their favorite musicians' songs and earn royalties with the artist. Sniping the . The late rappers family also warned the public of scammers trying to profit from his death. Long crypto forever. in sickness & in health, Jones tweeted this morning, just hours before Coinbase started trading. 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 billion in valuation when its COIN stock lists on Wednesday. Coinbase slid 4.85% Thursday. You may have more than one ad-blocker installed. The New World of Sync: How Two Sync Music Pros Are Surviving COVID-19, Tunefinds 2022 Top TV Placements Show Sync Opportunities for Catalog Tracks Are Stronger Than Ever, Is Sync the New Radio? Nas loves to invest money in tech companies. 6. The track itself is a standard and forgettable hip hop ballad. Not too bad a return. Since Jay-Z also mentions. Yuliya Christensen/Getty Images. Women of Power TECH, PODCASTS The current circulating supply is 63,766,329.591 NAS. A source familiar with the matter confirmed QueensBridge is still on the Coinbase cap table. 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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 . tude.refreshAdsViaDivMappings([ { Feel like getting on touch or staying upto date with out latest news and updates? have exploded in value. 4. "Coinbase listings have the highest average return standing at 91%, but also have the widest distribution of ranging from -32% to 645%," wrote Roberto . Coinbase Global Inc. (NASDAQ: COIN) made history last month with the biggest-ever direct listing; its debut market cap was $63.5 billion, and after some big swings, it closed its first day at . One listener has done the math and agrees that Nas has every right to enjoy his new title as cryptos Scarface: > 50% profit. Around $100,000 of that figure is from ad revenue on YouTube and Facebook. 10. 3. dahred 2 yr. ago. Follow the instructions for disabling the ad blocker on the site youre viewing. QueensBridge has mastered investing in companies in the startup stages. Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps. Support us by whitelisting our site. Moonbirds NFTs Soar, Making. The long list of celebrity investors is an interesting one, however, you can't fault Nas for getting into crypto early. Go to https://www.coinbase.com from a browser on your computer, or download and open the Coinbase app on Android or iOS to get started. It earned $40 million when Amazon bought doorbell and security company Ring in 2018. The Coinbase effect is quite real. 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 stock peaked at $429. Hypebeast is a registered trademark of Hypebeast Hong Kong Ltd. Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more. The Best New Movies And Shows To Stream This Weekend, Black Girl Missing Highlights The Struggle For Equality, Says Star And EP Garcelle Beauvais, Delivery Man Ferries Ghostly Fares To Their Uncertain Destinations, What You Need To Know Before You Watch Creed III, Pops Eco-Feminist Fabler Ashnikko Dreams Mycelium Lauds Seductive Trees, Navigating The 2023 VC Landscape Interview: Greg Baker, Alumni Ventures, Netflix Announces Robert De Niro Limited Series Zero Day. 2. Conversation. Produced by Khaled, lyrical legends Jay-Z and Nas trade bars over a sample of Bobby Glenns Sounds Like a Love Song. page_type: 'article', You may opt-out by. LA-based Host/Writer. How much did Nas make off of Bitcoin? env: 'prod', READ: Google founders earn $42 billion in 100 days How many shiba inu millionaires are there? 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! 32. $40 million 20. Sales Partnership Solutions ]); However, there was a new name on the list: legendary rapper Nas. If that happens, and these numbers are accurate, Nas' stake will be worth between: If Coinbase outperforms expectations and ends up with a price per share of $440, as some price targets predict on the high end, Nas' stake will be worth between: Nas on the Nasdaq. Freelance Writer & Marketing Writer Long crypto forever. in sickness & in health. In other cryptocurrency news, Bitcoin spikes to all-time high of $63,000 USD ahead of Coinbase listing. Several companies Nas has invested in have been big winners. For now, the . About On a gray morning in May 2016, I left my office in downtown San Francisco and walked down Montgomery Street, to Wells Fargo. #crypto #coinbase #bitcoin #money, (Video) A Surprise Winner From Coinbase's IPO Rapper Nas, (Video) Nas Basks In His Coinbase Success Saying Long Crypto Forever, (Video) How Nas Built A Tech Empire In Venture Capital, (Video) How Nas Is Set To Become The Richest Hip-Hop Artist After Making Over $200 Million From Investments, Top 10 Richest Rappers in the World (2022). 2023 Hypebeast Limited. Nas performs onstage at the Northside Festival on June 7, 2019 in Aarhus, Denmark. Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion. The number can be a lot higher given that this is just Coinbase's first day on NASDAQ and some experts expect its price to increase. targeting: { Jones venture capital portfolio expands beyond just Coinbase. How do I report excess contributions removed? A chance to own a piece of boxing history. "My photo the Jordan logo of this rap s," raps Nas on 2021 . Jay-Z and Twitter CEO Jack Dorsey, prior to revealing that Dorseys Square would purchase the rappers Tidal streaming service, pledged $23 million to a Bitcoin development fund. With over 47 million followers across his social media channels, his videos are available in 13 languages today. Last year, Amazon bought PillPack and Ring two companies Nas invested in for north of a billion dollars. Click the icon of the ad-blocker extension installed on your browser. In addition to Coinbase, Durant holds investments in companies like Postmates, Acorns, Andbox, and alternative-asset-management company Alt. Nas has made a slew of investments under his venture capital firm, Queensbridge Venture Partnerssupporting companies like SeatGeek, PlutoTV, Dropbox, and RobinHood. He added his "first priority" would be the Washington Football Team. subcat: '', 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. A quick insight on just how much money the two might have made was shared by Newsweek: Based on the price of Coinbase shares at the timearound $1 according to CoinDeskit means Nas could. 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. div_id: 'div-gpt-ad-rightrail-3', kw: 'mandc,kevin-durant,nas', He proceeded to seed dozens of companies, reportedly hearing 100 pitches a month to this day. TechCrunch, CC BY-SA. Its unclear exactly how many COIN shares the 47-year-old rapper acquired and which price he sold at, given that the stock was hovering around $330 per share at the time of this pieces publishing. At the lower end of this range, Durant's 2017 investment would now be worth $15.3 million. Back then, it was worth roughly $143 million. "1/ We're excited to announce @BuildOnBase. tag: 'mandc,kevin-durant,nas', Winner in life, fuck a coin toss / Im coinbased, cryptocurrency Scarface, raps Nas, likely referring to his $40 million stake in cryptocurrency exchange Coinbase, which he announced in the middle of last month, following Coinbases public listing on the Nasdaq.