It's unclear how much Durant invested in Coinbase back in 2017, but he has made million-dollar investments in the past, including a $1 million investment in Postmates before its sale to Uber. On Wednesday, Coinbase is expected to debut at $350 per share. Ring is currently owned by Amazon. Note: We don't recommend accessing Coinbase through a browser on your mobile device. Other major cryptocurrency exchanges like Gemini and Stellar had not yet been founded. > 50% profit. The return on investment could help Durant move closer to his goal of owning an NFL team at some point in the future. Since then, Bitcoin has overgone two pivotal bull runs and shares in Coinbase have exploded in value. Winner in life, fuck a coin toss / Im coinbased, cryptocurrency Scarface, $40 million stake in cryptocurrency exchange Coinbase, , which he announced in the middle of last month, following, Nas invested between $100,000 and $500,000 dollars through his company QueensBridge Venture Partners during an investment round in 2013, reported. Rapper Nas Scored $40 Million From Coinbase's IPO. In 2013, Nas investment firm, QueensBridge Venture Partners, entered CoinbasesSeries B round, back when the cryptocurrency exchange platform was valued at around $143 million. In any event, Nas acknowledged the crypto-fueled windfall in a pair of tweets, writing first: Long crypto forever. Nas promptly took to Twitter during the exchanges direct listing on April 14 2020 to tweet: Long crypto forever. in sickness & in health. Coinbase now has a market cap of $60 billion and each share trades for $297. @IanAllison123 reportshttps://t.co/sJC1Gcgv13. 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! Sniping the . page_type: 'article', 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. subcat: '', Nas has landed a number of successful early investments, primarily in technology companies. 32. 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. How much working capital do I need when buying a business? 20. The basketball star is known to make start-up investments. Jones, himself, pocketed at least $25 million from the transaction. 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. 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. How much did Chamillionaire sell his app for? pos: 'right_rail_3', As you probably know if you've been even a casual CelebrityNetWorth reader over the last few years, Nas is an extremely successful venture capital investor. Amid increasing popularity in the. 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.". Ethereum. 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. I cover the intersection of Hollywood and money. However, there was a new name on the list: legendary rapper Nas. 8. His firm invested between $100,000 and $500,000, its typical amount. [AUDIO] Lil Kims Baby Daddy Says Couple Expecting A Boy + Denies Break-Up Rumors: Thats my wife.: Beyonce, Behind the Scenes of L'Oreal Ad: Basketball Wives Tami Roman Returns to Twitter, Im mentally rejuvenated..: [VIDEO] 50 Cent Brings Out Eminem @ #SXSW, Watch the Full 60 Minute Show: [Exclusive] Church Pew Hustlin :: Is LisaRaye Dating A Well-Known Pastor? 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 didn't invest in Coinbase directly, as his investment was made via his portfolio company Queensbridge Venture Partners. 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. divId: 'div-gpt-ad-rightrail-2', $40 million 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. kw: 'mandc,kevin-durant,nas', The rapper's investment company has been on a hell of a run recently. AWS Route Table Concepts and How Route Tables Work. div_id: 'div-gpt-ad-rightrail-1', This has helped Coinbase secure nearly $540M in equity financing from some of the biggest-name VCs, and vaulted the company into the unicorn club.. Nas loves to invest money in tech companies. Click on the large blue power icon at the top. 2013 An early investor in the company, the rapper's stake is worth at least $40 million. Through QueensBridge, Nas made an investment in Coinbase back in 2013 when the trading platform was only around one year old. billionaire Sam Bankman-Fried Other cryptocurrency companies also shelled out millions of dollars for their commercials to be featured during . Coinbase made one of the most confusing Super Bowl commercials of 2022 and, perhaps, all time. 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. His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. pos: 'right_rail_2', Maker orders: "Makers" create orders for other traders to take. } On Wednesday, its estimated to reach a valuation of over $100 billion when its listed on the Nasdaq. At the time, it was worth $62 million. 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. At one point, prices reached a high of nearly $430 and the company's valuation temporarily rose above $100 billion, surpassing some analysts' projections, before falling back below that level. 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 . 1. The long list of celebrity investors is an interesting one, however, you can't fault Nas for getting into crypto early. 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. If he made an investment along the lower end of his spectrum, the 2x NBA Finals MVP would have a current ROI of $15.3 million. The price of Nebulas has risen by 5.02% in the past 7 days. LA-based Host/Writer. Yuliya Christensen/Getty Images. Not too bad a return. Consequently, Nas and his fellow investors acquired somewhere between approximately 100,000 shares and 500,000 shares in Coinbase, which approached $410 per share out of the gate after debuting on NASDAQ in a direct listing yesterday. So yes, it is possible for Shiba Inu Coin to reach 1 cent; however, it will be very difficult. Apr 14, 2021. The Coinbase effect is quite real. With a direct listing, the shares are basically just opened up to the market at some predetermined moment with little to no banking fees. Deleting your Coinbase account is very simple (kind of). However, there was a new name on the list: legendary rapper Nas. Black Men XCEL 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. Youll usually find this icon in the upper right-hand corner of your screen. 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). 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. cat: 'money', There is a reason why rapper Nas will be worth $100 million from his initial investment in Coinbase. The current price is $0.0293 per NAS. What company is Nas invested in? 9. How much did Nas make off of Bitcoin? That value could also rise to$43.7 million and $218.5 million, respectively, if Coinbase shares trade at investment bank DA Davidsons new price target of $440, Coindesk reports. Coinbase, the largest cryptocurrency platform in the United States, will have its highly-anticipated Initial Public Offering (IPO) on Wednesday. Like previous years, JAY-Z took the number one spot, netting $76 million, followed by Diddy, who took home $64 million. This means Durant's stake will have increased 6,150 percent, Marketwatch reports, though it is unclear how much the sports star put in. The Node The biggest crypto news and ideas of the day. If you think you missed the chance to become one of many Shiba Inu millionaires over the past year, here's why you should check out EverGrow Coin. How much money did Nas make on Coinbase? AMZN According to research put together by Coindesk.com, Nas has a stake in Coinbase that could be worth well over $100 million. 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. When QueensBridge invested in Coinbase, cryptocurrency was still a nascent industry and presented sizable risk (it still does, to be fair). The Marvel and Disney+ series only has two episodes left. SistersInc. You may have to select a menu option or click a button. targeting: { It's no secret that cryptocurrency exchange Coinbase's IPO made a lot of people money, but one surprising winner was Nas, the iconic east-coast rap icon. Conversation. Jones QueensBridge Venture Partners was an early backer of Coinbase, joining the companys $25 million Series B round in 2013. 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. The market value of the rapper has thus also shot up. hangpeng Zhao, the founder and CEO of Binance, is the wealthiest person in crypto, worth an estimated $65 billion, according to Forbes' 2022 Billionaires rankings, published on Tuesday April 5. His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. kw: 'mandc,kevin-durant,nas', 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. That round valued the company at about $150 million according to Pitchbookless than 1% of its value today. QueensBridge makes. It is one of the top 10 cryptocurrencies with millionaire-maker potential in 2022. There were no people, no brand name just a QR [] Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps. Coinbase said funds were stolen from atleast 6,000 customers due to a phishing attack that took place between March and May. During his recent trip to adidas Portland headquarters. How did Nas invest in Coinbase? Some of Nas' early tech investments include Dropbox, Coinbase, Ring Lyft, Genius, and Pluto TV. How many shiba inu millionaires are there? Usually, the fees are divided as a maximum of 0.4% maker and a maximum of 0.6% taker, based on your 30-day trailing volume. Women of Power TECH, PODCASTS Your Promocode. QueensBridge has mastered investing in companies in the startup stages. The real winners are the early stage investors who will be dumping their positions on the open market tomorrow or in the near term to retail investors. 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. 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." Back then, it was worth roughly $143 million. Rapper Nasir Jones, known better as Nas, has emerged as an unlikely winner in today's Coinbase IPO. in sickness & in health. Feel like getting on touch or staying upto date with out latest news and updates? Nasir Jones' QueensBridge Venture Partners invested in 2013. Nas invested in Coinbase through his company QueensBridge Venture Partners. The stock price ended the day at $328.28, giving the company a market value of nearly $86 billion. 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. 45. Nas invested between $100,000 and $500,000 dollars through his company QueensBridge Venture Partners during an investment round in 2013, reported Forbes. 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. Registry of Corporate Directors. With Durant and the Grammy Award-winning rapper making early investments in Coinbase, their reported return on investment is estimated to be in the multimillions. It has just reported preliminary results for the first quarter of 2021, with revenue surging to US$1.8 billion. Nas' song collaborators have been involved in the crypto industry as well. 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. How much do SA rappers earn per month? Nas' Investments Anthony Saleh, Nas' manager and partner at QueensBridge, told CNBC that the firm invests from $100,000 to $500,000 in a company. What is Palantir's competitive advantage? Like previous years, JAY-Z took the number one spot, netting $76 million, followed by Diddy, who took home $64 million. His . The company, founded in 2012, provides a variety of financial. The minimum amount needed to buy cryptocurrency on Coinbase is $2. url: 'kevin,durant,and,nas,earn,huge,payouts,as,early,coinbase,investors', Brian Armstrong Coinbase went public in a direct offering on Nasdaq on April 14, 2021, briefly reaching a market capitalization of $100 billion. Introduction: My name is Greg O'Connell, I am a delightful, colorful, talented, kind, lively, modern, tender person who loves writing and wants to share my knowledge and understanding with you. Everyone Practices Cancel Culture | Opinion, Deplatforming Free Speech is Dangerous | Opinion. Some of Nas' early tech investments include Dropbox, Coinbase, Ring Lyft, Genius, and Pluto TV. Buy Bitcoin Cash Market Market stats Market cap $2.4B Volume (24h) $219.5M Circulating supply 19.3M BCH Typical hold time 55 days Popularity #22 All time high $4,355.62 Price change (1h) +0.37% Price change (24h) -5.76% Price change (7d) 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. url: 'kevin,durant,and,nas,earn,huge,payouts,as,early,coinbase,investors', You may have more than one ad-blocker installed. 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. When Coinbase raised $25 million in a Series B funding round in 2013, Queensbridge announced it was an investor. In just the past hour, the price grew by 0.31%. 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 . Some customers may have fallen victim to a phishing . }); EVENTS Amid increasing popularity in the cryptocurrency market, shares went as high as $430, giving the company a short-lived valuation of over $100 billion. Nas and Snoop Dogg invested in Robinhood 7 years ago. Durant is reported to have invested a little later during a 2017 funding round when Coinbase was valued at around $1.6 billion. Aside from being a highly-regarded rapper, Nas has made a name for himself as a tech investor. On a gray morning in May 2016, I left my office in downtown San Francisco and walked down Montgomery Street, to Wells Fargo. Follow the instructions for disabling the ad blocker on the site youre viewing. Privacy Policy Bill Gates doesn't own cryptocurrency because he likes investing in things that have valuable output, he told readers on a Thursday ask me anything Reddit thread. 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. In other cryptocurrency news, Bitcoin spikes to all-time high of $63,000 USD ahead of Coinbase listing. 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 investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. At the share price of. 64 Countries. 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. In recent years he has gained additional acclaim (and wealth) as an early-stage venture investor. Nas Studios charges anywhere between $10,000 to $70,000 per video production project. display: none !important; ]); Complex Media, Inc. All Rights Reserved. How much did Chamillionaire sell his app for? 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. Nas is looking at a major payday from his investment into cryptocurrency currency exchange platform Coinbase. Your Money, Your Life, LATEST LISTS 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. That . Meanwhile, Nas QueensBridge Venture Partners hasnt revealed how much the One Mic emcee invested in the company. Nas didn't invest in Coinbase directly, as his investment was made via his portfolio company Queensbridge Venture Partners. When the exchange goes public this week, he could rake in over $100 million. Both drops will be limited editions: 760 and 1,110 tokens respectively. Rapper Nas Scored $40 Million From Coinbase's IPO. Nas performs onstage at the Northside Festival on June 7, 2019 in Aarhus, Denmark. 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. He made one of the most extensive investments in a doorbell company named Ring. All Rights Reserved. In addition to Coinbase, Durant holds investments in companies like Postmates, Acorns, Andbox, and alternative-asset-management company Alt. Sales Partnership Solutions cat: 'money', 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 . Long crypto forever. QueensBridge makes early-stage investmentsbetween $100,000 and $500,000, according toco-founder Anthony Saleh. tude.cmd.push(function() { When Nas said "I'm coin-based, basically cryptocurrency Scarface" I really felt that. With a standard IPO, a network of investment banks undertake a "roadshow" where they present the company's financials to investors with the goal of establishing a debut price. The company made history in April 2021 by being the first crypto company in the world to go public. One listener has done the math and agrees that Nas has every right to enjoy his new title as cryptos Scarface: > 50% profit. Based on my back of the spreadsheet calculations, the value of the remaining streams for the song Rare are worth as much as $1.7M, and as little as $224K. 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. LYFT tude.refreshAdsViaDivMappings([ { 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', BE 100s 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. Advanced Trade fees are similar to those of Coinbase Pro and are based on a maker/taker model. Coinbases other investors include top-tier venture firms like Andreesen Horowitzwhose cofounder Ben Horowitz is a friend of Jonesand Union Square Ventures. 3. Did Nas invest in Robinhood? targeting: { Said hub launched an invite-only beta earlier this month. Speaking of electricity: Selim Basak September 10, What is your position and what gesture are you ready to make to correct? In 2013, Coinbase was estimated at $100 to $200 million, and the crypto exchange firm has grown tremendously since then. The track itself is a standard and forgettable hip hop ballad. What is the difference between capital formation and investment? Back then, it was worth roughly $143 million. tag: 'mandc,kevin-durant,nas', #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). 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. On Wednesday, it's estimated to reach a valuation of over $100 billion when it's listed on the Nasdaq. Coinbase shares closed at $328 after its first day of trading, giving the company a valuation of more than $85 billion. Even when sleeping. Coinbase stock is down 83% from its all-time high, including a 25% drop in just the last 24 hours alone. 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. Kevin Durant speaks onstage during TechCrunch Disrupt in September 2017, San Francisco, California. Nasis looking at a major payday from his investment into cryptocurrency currency exchange platform Coinbase. For Coinbase to reach $100 billion market cap by 2027, its revenues would need to jump 50% a year to $21.3 billion, while free cash flow keeps pace, waxing to $3.2 billion, more than 10 times the . The cryptocurrency hit a record high on Nov. 10 at $68,990. Analysts think . 39. What happens when no more shares to short? When I heard the word 'investment' in school, I was hooked, the rapper told FastCompany in 2014.
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