The current circulating supply is 63,766,329.591 NAS. The Node The biggest crypto news and ideas of the day. 39. Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency, called Ether, or ETH, or simply Ethereum. Nas didn't invest in Coinbase directly, as his investment was made via his portfolio company Queensbridge Venture Partners. This means Durant's stake will have increased 6,150 percent, Marketwatch reports, though it is unclear how much the sports star put in. 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. The Marvel and Disney+ series only has two episodes left. display: none !important; What happens when no more shares to short? In any event, Nas acknowledged the crypto-fueled windfall in a pair of tweets, writing first: Long crypto forever. According to the SEC filing, Ribbit Capital owns at least 5% of Coinbaise shares. Coinbase now has a market cap of $60 billion and each share trades for $297. How do you make millions with cryptocurrency? 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). 2023 Investguiding. How do I report excess contributions removed? His firm invested between $100,000 and $500,000, its typical amount. pos: 'right_rail_2', The Coinbase effect is quite real. 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. All Rights Reserved. What are your thoughts on Nass potential payday? 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. What year did Nas invest in Coinbase? Nasis looking at a major payday from his investment into cryptocurrency currency exchange platform Coinbase. 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. Rap legend @Nas is on the @coinbase cap table. 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. We charge advertisers instead of our readers. The rapper reportedly joined Coinbase's $25 million Series B round in 2013, buying between 99,000 and 496,000 shares at a price of $1.00676 per share. In total, entities affiliated with Ribbit own 11,995,949 Class B shares. #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). After the track was briefly unavailable on streaming services. Apr 14, 2021. The minimum amount needed to buy cryptocurrency on Coinbase is $2. Privacy Policy TechCrunch, CC BY-SA. }, 9 six = .hide-if-no-js { 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. Coinbase is valued. Coinbases debut on the Nasdaq on April 14 at the $100 billion valuation will mark the first official juncture between the traditional financial avenue and the alternative crypto path, according to Swissquotesenior analyst Ipek Ozkardeskaya. Heres the Latest Data (Updated for 2023), How Much Artists Make Per Stream on Spotify, Apple Music, Amazon, YouTube, Pandora, More (Updated for 2022), Spotify Is Officially Testing Exclusive Token-Enabled Playlists From Kingship and Others: This Is a Special Moment, ICE Strikes Deal with Gaming & Metaverse Start-Up STYNGR, Napster Acquires Defunct Mint Songs After Late 2022 Wind Down, FTX Arena Officially Rebrands as Miami-Dade Arena Following FTX Collapse. Support us by whitelisting our site. [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? B.E. ]); Compounding interest allows it to grow much more quickly than simply accumulating money in a checking account. A source familiar with the matter confirmed QueensBridge is still on the Coinbase cap table. aid: '713496', What company is Nas invested in? 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 . Complex Media, Inc. All Rights Reserved. Cryptocurrency Scarface immediately enters the Nas tech talk lexicon right alongside Google Earth Nas, I got flats in other continents. According to his blog on NasAcademy.com, Nas Daily makes $400,000 to $500,000 every month. Back then, it was worth roughly $143 million. Other major cryptocurrency exchanges like Gemini and Stellar had not yet been founded. Some of Nas' early tech investments include Dropbox, Coinbase, Ring Lyft, Genius, and Pluto TV. } Coindesk also reported that a source familiar with QueensBridge confirmed Nas companywas still on the cap table. 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. How many shiba inu millionaires are there? When the exchange goes public this week, he could rake in over $100 million. kw: 'mandc,kevin-durant,nas', On Wednesday, Coinbase is expected to debut at $350 per share. 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. How Much Did Nas Get From The Ring? About Registry of Corporate Directors. Comment and let us know. The company will go public on the NASDAQ stock exchange through a "direct listing". tag: 'mandc,kevin-durant,nas', Some customers may have fallen victim to a phishing . Back then, it was worth roughly $143 million. So yes, it is possible for Shiba Inu Coin to reach 1 cent; however, it will be very difficult. Said hub launched an invite-only beta earlier this month. Even when sleeping. pos: 'right_rail_3', Queensbridge revealed it was an investor in Coinbase back in 2013, when it helped raise $25 million in a Series B funding round. Is Shiba Inu Coin (SHIB) a good investment? 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. His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. 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 sickness & in health. The Brooklyn Nets player invested in the company back in 2017 when it was valued at $1.6 billion. 8. He raised around $10 million from investors and injected several million of his own dollars. Rapper Nas Scored $40 Million From Coinbase's IPO. 37. Who is the youngest crypto billionaire? He added his "first priority" would be the Washington Football Team. 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. This week they announced an unlikely new minority shareholder in US rapper Snoop Dogg. 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. Kevin Durant speaks onstage during TechCrunch Disrupt in September 2017, San Francisco, California. Speaking on how he first built his relationship with Hov. I guess its what Nas calls cryptocurrency Scarface. 2023 Celebrity Net Worth / All Rights Reserved. Bitcoin spikes to all-time high of $63,000 USD ahead of Coinbase listing. On Wednesday, it's estimated to reach a valuation of over $100 billion when it's listed on the Nasdaq. Nas loves to invest money in tech companies. Maker orders: "Makers" create orders for other traders to take. 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. 02/25/2023. Rapper Nasir Jones, known better as Nas, has emerged as an unlikely winner in todays Coinbase IPO. After all, money is his honey. Here is a breakdown of how much money Nas Daily accounts earn from ad revenue in 2022: Nas has started several business ventures outside of music, including Queensbridge Venture Partners, and has invested in Lyft, Robinhood, and PillPack. The total amount of his funding was $4.5 million. } So, I really, really, really hop Nas decided to sell at some point in the last year. 44. 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. 2023 Hypebeast Limited. ETH has been at the forefront of a blockchain smart contract platform. The latest in injuries draws further concern to the NBAs shortened 2021 season. 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. 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. LYFT Considering this, How much money did Coinbase make from the Super Bowl? How much did Chamillionaire sell his app for? On Wednesday, its estimated to reach a valuation of over $100 billion when its listed on the Nasdaq. The rapper's investment company has been on a hell of a run recently. 1. Coinbase slid 4.85% Thursday. Depending on how close the share price gets to the $440 USD target, as it just closed out at $350 USD on private secondary markets, Nas QueensBridge Venture Partners could brand anywhere from $34.76 million $218.5 million USD. 3. According to research put together by Coindesk.com, Nas has a stake in Coinbase that could be worth well over $100 million. Hoping to bring the title back onto the PlayStation Store soon. heads and hip hop fans alike with his new Jay-Z/ DJ Khaled collaboration, Sorry Not Sorry. How long does it take to discover a data breach? 4. In recent years he has gained additional acclaim (and wealth) as an early-stage venture investor.