Other cryptocurrency companies also shelled out millions of dollars for their commercials to be featured during . QueensBridge typically makes $100,000 to $500,000 investments in emerging companies, and at the time, Coinbase shares were priced at about $1 apiece, according to CoinDesk. Privacy Policy 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. An early investor in the company, the rapper's stake is worth at least $40 million. How much money did Nas make on Coinbase? In addition to Bitcoin, Ethereum, Tether, Dogecoin, and other well-known coins, more than 7,000 cryptos are now trading on more than 300 exchanges globally. heads and hip hop fans alike with his new Jay-Z/ DJ Khaled collaboration, Sorry Not Sorry. : Greys Anatomy Alum Isaiah Washington Announces Hes Retiring From Acting: The Useful Idiots Have Won: RHOP Alum Katie Rost Slams Ashley Darbys Estranged Husband For Suing Candiace Dillard Bassett For $2 Million Over Oral Sex Allegations: It Better Be A Joke: Tory Lanez Demands Love & Hip Hop Star Prince Sit For Deposition In Assault Battle: Shanquella Robinsons Family Feels Abandoned By US Officials As Investigation Into Her Mysterious Death Reaches 4 Months: We Beg For Answers: Kanye West Says He Never Made Any Money From Donda Stem Player, Despite Claiming $2.2M Revenue, Amid Lawsuit For Unauthorized Song Sample Featured On Music Device: EXCLUSIVE: Headkracks Exit From The Morning Hustle Radio Show Was A Mutual Decision, Media Personality Working On New Projects, [EXCLUSIVE First Look] WE tvs GROWN & GOSPEL Docuseries, Birdman Says Hes Paying Mays Rent For New Orleans Residents Who Are In Need, Beyonces Hair Stylist Says Her Hair Is Realness After Being Questioned If Shes WearingA Wig Or Sew-In Weave, Cassie Chills with Joseline Hernandez, Jada Pinkett Smith Surfs + More Celeb Stalking, Stop & Stare: Jada Pinkett Smith & Smith Family Show Skin on Hawaii Vacay. Jones investing up to $500k into small technology-based startup companies. kw: 'mandc,kevin-durant,nas', Other celebrities, like basketball player Kevin Durant, have also invested. 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. 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. After the track was briefly unavailable on streaming services. How Much Did Nas Get From The Ring? 20. Like previous years, JAY-Z took the number one spot, netting $76 million, followed by Diddy, who took home $64 million. Rap legend @Nas is on the @coinbase cap table. Its rise from a niche internet fad to multi-trillion dollar industry has attracted the attention of public figures beyond the world of tech. 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. aid: '713496', Rapper Nas And Kevin Durant Made Major Bank On Epic Coinbase IPO 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. and Genius, since the rapper founded it in 2013. How to Delete Coinbase | Coinbase Review (2022) - Privacy Pros Nas ' investment firm, QueensBridge Venture Partners, could be banking big on Coinbase going public on the Nasdaq via a direct listing on Wednesday. Nasir's firm Queensbridge Venture Partners invested as much as $500,000 for nearly 100,000 shares of Coinbase, the San Francisco startup founded in 2013. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. The Humbling of Coinbase In just over a year, the United States' largest cryptocurrency exchange went from a triumphant public offering to a "crypto winter" of cost cutting and layoffs. How much did Chamillionaire sell his app for? Amid increasing popularity in the cryptocurrency market, shares went as high as $430, giving the company a short-lived valuation of over $100 billion. 2023 Hypebeast Limited. 5. Analysts think . As such, a successful addition to Nasdaq should act as endorsement of cryptocurrencies by traditional investors., DMX Mourned by Swizz Beatz, Nas, Fat Joe, Missy Elliott, Eve, and More, Watch the Video for Nas and Hit-Boys EPMD, Nas Illmatic and Janet Jacksons Rhythm Nation 1814 to Be Inducted Into Library of Congress. The company made history in April 2021 by being the first crypto company in the world to go public. Coinbase stock is down 83% from its all-time high, including a 25% drop in just the last 24 hours alone. 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. }, Nas has made millions off an early Coinbase investment. divId: 'div-gpt-ad-rightrail-2', The rapper's investment company has been on a hell of a run recently. Based on Coinbase's current share price this investment would now be worth around $165 million. In other words, Nas' early investment is about to pay off, big time. Other major cryptocurrency exchanges like Gemini and Stellar had not yet been founded. In recent years he has gained additional acclaim (and wealth) as an early-stage venture investor. QueensBridge invested in Coinbase's 2013 Series B round which raised $25 million and gave the company a valuation of $143 million. SOPA images. }); window.tude = window.tude || { cmd: [] }; env: 'prod', 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. 12. He made one of the most extensive investments in a doorbell company named Ring. The mathematical improbability of Coinbase justifying a $100 - Fortune 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. With a direct listing, the shares are basically just opened up to the market at some predetermined moment with little to no banking fees. targeting: { Apr 14, 2021. A Surprise Winner From Coinbase's Direct Listing? Rapper Nas Nebulas (NAS) Price, Charts, and News - Coinbase And shortly after the market closed yesterday, the New York City native penned a brief follow-up message, tagging Coinbase co-founders as well as financial professional Ben Horowitz and Chris Dixon, general partner at the latters Andreessen Horowitz. An early investment that Nas made on a smart doorbell company is now paying off. pos: 'right_rail_3', @IanAllison123 reportshttps://t.co/sJC1Gcgv13. Sniping the . Click the icon of the ad-blocker extension installed on your browser. It has just reported preliminary results for the first quarter of 2021, with revenue surging to US$1.8 billion. 'Coinbase Effect' Means Average 91% Token Price Gain in - CoinDesk env: 'prod', Coinbase's shares fell 1.7% to $191.26 before trading opened, reported Reuters. 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! With Coinbase trading at an average price of $350 yesterday, Nas and his VC firm stand to earn between $34.76 million and $173.8 million ROI, according to Coindesk. ABOUT On Wednesday, Coinbase stock was indicated to open around $350, or 40% above its reference price. How much did Chamillionaire sell his app for? targeting: { Valid for new Coinbase users who make a cryptocurrency purchase on Coinbase. This week they announced an unlikely new minority shareholder in US rapper Snoop Dogg. 02/25/2023. 64 Countries. Through QueensBridge, Nas made an investment in Coinbase back in 2013 when the trading platform was only around one year old. As per reports, the stock closed at $328 during the first day of trading, which came around to a whopping $86 billion valuation. Kevin Durant and Nas Earn Huge Payouts As Early Coinbase Investors - Yahoo! Cryptocurrency trading platform Coinbase had a hugely successful debut on the Nasdaq stock exchange after going public Wednesday, resulting in a likely windfall for early investors such as basketball star Kevin Durant and rapper Nas. ETH has been at the forefront of a blockchain smart contract platform. Nebulas is 99.82% below the all time high of $16.64. Hoping to bring the title back onto the PlayStation Store soon. New user incentive | Coinbase Help Nas has landed a number of successful early investments, primarily in technology companies. You may have more than one ad-blocker installed. Nas loves to invest money in tech companies. 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. The late rappers family also warned the public of scammers trying to profit from his death. This is a BETA experience. Here's a quick explanation of maker and taker orders. tude.refreshAdsViaDivMappings([ { If Coinbase takes things further and shares trade at DA Davidson investment bank, the price could go up to $440, bringing QueensBridge payout to $43.7 million to $218.5 million. cat: 'money', With over 47 million followers across his social media channels, his videos are available in 13 languages today. When Coinbase raised $25 million in a Series B funding round in 2013, Queensbridge announced it was an investor. Coinbase is valued. 37. Who is the youngest crypto billionaire? Deleting your Coinbase account is very simple (kind of). subcat: '', The underwriting banks guarantee a minimum price per share in exchange for fairly high fees among other costs. pos: 'right_rail_2', Happy BTC days to come. He used to once work at McDonalds flipping burgers but now, he is the richest crypto billionaire. aid: '713496', Even when sleeping. Warning he has been playing nice up until now while calling out adidas GM Daniel Cherry. Maker orders: "Makers" create orders for other traders to take. These companies include direct-to-consumer mattress company Casper, ticket reseller SeatGeek, digital media brand Genius, ride-sharing service Lyft, and personal cloud storage service Dropbox to name a few. 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. His . In 2013, Nas investment firm, QueensBridge Venture Partners, entered CoinbasesSeries B round, back when the cryptocurrency exchange platform was valued at around $143 million. tag: 'mandc,kevin-durant,nas', Coinbase success: Rapper Nas among early investors, set to make over "1/ We're excited to announce @BuildOnBase. QueensBridge has mastered investing in companies in the startup stages. 7. "Nas is gonna make $100M+ from the Coinbase IPO tomorrow. How do you make millions with cryptocurrency? Subscribe to Newsletter Economic Equity & Racial Justice Townhall Series, Elevate Black Podcast sponsored by Fifth Third Bank, 100 Founders of Change by American Express, Chasing Success Podcast by JP Morgan Chase, Black Business Month Sponsored by Nationwide, 2022 Registry Of Corporate Directors Listing, 2021 BE Registry Of Corporate Directors Listing. Coinbase Stock Frequently Asked Questions:By popular demand, here are some of the The basketball star is known to make start-up investments. 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. who took home $35 million. for $1.1 billion in 2018. Has a nice ring to it! Rap Icon Nas Could Net $100M When Coinbase Lists on Nasdaq 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. As previously reported by Cointelegraph, Nas is an early Coinbase believer, investing in the company through his venture capital firm QueensBridge Venture Partners. The track itself is a standard and forgettable hip hop ballad. Brian Armstrong Coinbase went public in a direct offering on Nasdaq on April 14, 2021, briefly reaching a market capitalization of $100 billion. An insider said, according toCoindesk,that Nas is good friends with Ben Horowitz,who is a co-founder of Andreessen Horowitz, a key company that invested in Coinbase. On Wednesday, Coinbase is expected to debut at $350 per share. For Nas, the two songs will be released as tiered NFTs: for example, $50 gets you a gold NFT of 'Ultra Black' with a 0.0143% share of its streaming royalties, but if you shell out $4,999 for a diamond NFT, you'll get 2.14% of its royalties. tude.refreshAdsViaDivMappings([ { News and analysis for the. In just the past hour, the price grew by 0.31%. The transformation of value in the digital age. 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. First Mover The latest moves in crypto markets, in context. How I got sucked into the cryptocurrency craze and made $13 million