Long crypto forever. in sickness & in health, Jones tweeted this morning, just hours before Coinbase started trading. 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.". 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." Rapper Nas Scored $40 Million From Coinbase's IPO. Nas didn't invest in Coinbase directly, as his investment was made via his portfolio company Queensbridge Venture Partners. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. The current circulating supply is 63,766,329.591 NAS. (This is according to Forbes' reporting, which has been disputed by some rappers in the past.) The Queensbridge native has earned big from his early investments in startups like Dropbox, Ring, Parachute, Robinhood, and many others. Click the icon of the ad-blocker extension installed on your browser. }); window.tude = window.tude || { cmd: [] }; But now with its increased valuation, Durants investment is said to be worth 53 times what it was four years ago, Marketwatch reports. 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. 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. 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 . What did Nas invest in? billionaire Sam Bankman-Fried His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. On the success of his work with Mass appeal, Nas co-founded QueenBridge Venture Partners to handle his investments going forward. We charge advertisers instead of our readers. ]); Coinbase, the largest cryptocurrency platform in the United States, will have its highly-anticipated Initial Public Offering (IPO) on Wednesday. Considering this, How much money did Coinbase make from the Super Bowl? With a direct listing, the shares are basically just opened up to the market at some predetermined moment with little to no banking fees. I swiveled open the two gigantic doors, walked up to the counter, and explained to the teller that I needed to send a money wire to Gemini Trust Company, LLC., a cryptocurrency exchange based in New York . Airdrops are essentially promotions of new cryptocurrencies that developers release to spread awareness and recognition. 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. Nas has sold over 25 million records worldwide, which is an incredible achievement; and As of August 2022, Nas' net worth is $70 Million, making him one of the richest rappers in the world. Armstrong owns a stake of about 19% in Coinbase, and his estimated net worth is $14.7 billion. 0 Hypes. Are small businesses vulnerable to cyber attacks? 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. Already whitelisted us? pos: 'right_rail_2', }); !function(n){if(!window.cnx){window.cnx={},window.cnx.cmd=[];var t=n.createElement('iframe');t.display='none',t.onload=function(){var n=t.contentWindow.document;c=n.createElement('script'),c.src='//cd.connatix.com/connatix.player.js',c.setAttribute('async','1'),c.setAttribute('type','text/javascript'),n.body.appendChild(c)},n.head.appendChild(t)}}(document); div_id: 'div-gpt-ad-rightrail-3', Long crypto forever in sickness and in health, Nas tweeted on Wednesday. Jones venture capital portfolio expands beyond just Coinbase. The stock peaked at $429. So yes, it is possible for Shiba Inu Coin to reach 1 cent; however, it will be very difficult. 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. In any event, Nas acknowledged the crypto-fueled windfall in a pair of tweets, writing first: Long crypto forever. The company, founded in 2012, provides a variety of financial. env: 'prod', } 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. 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. Amid increasing popularity in the cryptocurrency market, shares went as high as $430, giving the company a short-lived valuation of over $100 billion. Nebulas is 99.82% below the all time high of $16.64. Join half a million readers enjoying Newsweek's free newsletters. }, 9 six = .hide-if-no-js { 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. Black Men XCEL Like previous years, JAY-Z took the number one spot, netting $76 million, followed by Diddy, who took home $64 million. The trading platform's public listing was highly anticipated amid the increasing popularity of cryptocurrency. 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. Conversation. So yes, it is possible for Shiba Inu Coin to reach 1 cent; however, it will be very difficult. Did Nas invest in Robinhood? Coinbase CEO Brian Amstrong. playerId: '54515f60-b777-49b5-9cdd-1ec71c3b2620' 8 7 = .hide-if-no-js { How much money did Nas make on Coinbase? 32. Moonbirds NFTs Soar, Making. Sales Partnership Solutions 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 . 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. Other cryptocurrency companies also shelled out millions of dollars for their commercials to be featured during . divId: 'div-gpt-ad-rightrail-3', kw: 'mandc,kevin-durant,nas', SistersInc. At that price per share, the company's valuation will be $100 billion. How much money did Nas get from Bitcoin? The simplest way to see an NFT collection's royalties on OpenSea is to simply click the Buy Now button on a particular NFT. 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. }).render('1b37e0aabe7e47acbf988f0bd583eba5'); ETH has been at the forefront of a blockchain smart contract platform. Nas has landed a number of successful early investments, primarily in technology companies. 18. baseDivId: 'pb-slot-right-1', At the time, it was worth $62 million. }, one + 8 = .hide-if-no-js { }); EVENTS 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. He made one of the most extensive investments in a doorbell company named Ring. Nasir Jones' QueensBridge Venture Partners invested in 2013. It is based on real data from my account. 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. 10. Our Latest Podcast, Spotify, Apple Music, and YouTube Music Are Only Getting Bigger Which Is Great News for Niche Streaming Platforms, Meet the Artist Who Is Literally Saving His Fans Lives Our Latest Podcast, How to Game the Billboard Charts (And Why You Shouldnt), UMG-Tidal Collaboration Extends to Deezer and Video-Sharing Services: The Artist-Centric Approach Is Not Limited Solely to Streaming, McDonalds Franchisees Pushing Back on Cardi B & Offset Meal, Korean Court Prohibits SM Entertainment From Issuing Shares As Hybe Charts Acquisition Plans With New Campaign, Universal Music Group Posts Double-Digit Q4 Revenue Growth, Reiterates Streaming-Reform Plans, How To Use Imposter Syndrome to Your Advantage, How Much Does TikTok Pay You? 64 Countries. Nas promptly took to Twitter during the exchanges direct listing on April 14 2020 to tweet: Long crypto forever. in sickness & in health. How much do SA rappers earn per month? and Genius, since the rapper founded it in 2013. 4. page_type: 'article', 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. All new users who spin the wheel will randomly receive a reward, in either USD or Bitcoin, determined by Coinbase in its sole discretion, between $3 - $200. Following the initial public offering, Nas's shares are worth nearly $33 million. Jones QueensBridge Venture Partners was an early backer of Coinbase, joining the companys $25 million Series B round in 2013. I guess its what Nas calls cryptocurrency Scarface. 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. When Coinbase raised $25 million in a Series B funding round in 2013, Queensbridge announced it was an investor. At the time, it was worth $62 million. The company made history in April 2021 by being the first crypto company in the world to go public. 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).
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