The crypto alternate Coinbase
$2.99B
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 data 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 authentic hosts of the present.
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UpOnly grew to become standard through the 2021 crypto increase. The podcast featured conversations with main names within the crypto business 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 not managed whether or not the podcast would return. As an alternative, he stated:
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, nevertheless it solely obtained a prime supply of 4.7 ETH
$3,929.22
, about $18,500. Coinbase ended up paying far more, which made the NFT one of the vital costly ever bought.
Cobie said that it had been years because the podcast ended. He joked about renaming the podcast and spending the cash on beauty modifications.
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