Create a Coinbase account to buy and sell Bitcoin Cash on the most secure crypto exchange. In addition to Coinbase, Durant holds investments in companies like Postmates, Acorns, Andbox, and alternative-asset-management company Alt. The price of Nebulas has risen by 5.02% in the past 7 days. 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. But at the current moment, Shiba Inu is aiming to be the next Bitcoin in the crypto market. Since Jay-Z also mentions. Other celebrities, like basketball player Kevin Durant, have also invested. Join half a million readers enjoying Newsweek's free newsletters. Black Men XCEL READ: Google founders earn $42 billion in 100 days How much did Nas make off of Bitcoin? 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 . 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. How do I report excess contributions removed? Nuseir Yassin (Arabic: ; Hebrew: ; born9 February 1992) is an ArabIsraeli vlogger who is most notable for creating over 1,000 daily one-minute-long videos on Facebook, TikTok and Instagram under the page Nas Daily. Feel like getting on touch or staying upto date with out latest news and updates? 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. 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. 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. How much did Nas make off of Bitcoin? The latest in injuries draws further concern to the NBAs shortened 2021 season. 45. Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy." 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. playerId: '54515f60-b777-49b5-9cdd-1ec71c3b2620' Create your account. Coinbase's shares fell 1.7% to $191.26 before trading opened, reported Reuters. ETH has been at the forefront of a blockchain smart contract platform. The current price is $0.0293 per NAS. There is a reason why rapper Nas will be worth $100 million from his initial investment in Coinbase. At the share price of. Amid increasing popularity in the cryptocurrency market, shares went as high as $430, giving the company a short-lived valuation of over $100 billion. tude.refreshAdsViaDivMappings([ { Comment and let us know. ABOUT Freelance Writer & Marketing Writer Privacy Policy The minimum amount needed to buy cryptocurrency on Coinbase is $2. The long list of celebrity investors is an interesting one, however, you can't fault Nas for getting into crypto early. Nas and Snoop Dogg invested in Robinhood 7 years ago. 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. Beatrice. Not too bad a return. kw: 'mandc,kevin-durant,nas', First Mover The latest moves in crypto markets, in context. 2023 Investguiding. 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. The Brooklyn Nets player invested in the company back in 2017 when it was valued at $1.6 billion. Back then, it was worth roughly $143 million. Speaking of electricity: Selim Basak September 10, What is your position and what gesture are you ready to make to correct? According to the SEC filing, Ribbit Capital owns at least 5% of Coinbaise shares. 6. env: 'prod', 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. 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. Nas didn't invest in Coinbase directly, as his investment was made via his portfolio company Queensbridge Venture Partners. 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. This week they announced an unlikely new minority shareholder in US rapper Snoop Dogg. 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.. Along with a capital injection from investment firm White Owl Partners, Mass Appeal was soon resurrected from a dead brand to one that today operates a quarterly print publication, creative agency, a digital video production company and documentary production company. Through QueensBridge, Nas made an investment in Coinbase back in 2013 when the trading platform was only around one year old. Coinbase is a cryptocurrency trading and investing platform that offers users the ability to buy, sell, and exchange over 200 tradable cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin.. 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? 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. Coinbase stock is down 83% from its all-time high, including a 25% drop in just the last 24 hours alone. Rapper Nas founded QueensBridge Venture Partners in 2013. QueensBridge has mastered investing in companies in the startup stages. How much did Chamillionaire sell his app for? (This is according to Forbes' reporting, which has been disputed by some rappers in the past.) 2013 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. You probably already know how to do this. Refresh page. At that price per share, the company's valuation will be $100 billion. How many shiba inu millionaires are there? pos: 'right_rail_2', }, 9 six = .hide-if-no-js { Click or tap Get started. According to his blog on NasAcademy.com, Nas Daily makes $400,000 to $500,000 every month. 4. In 2014 Mass Appeal launched a record company that released Nas' 2018 album "Nasir" and 2020 album "King's Disease". Theres speculation that Horowitz informed Nas that investing in Coinbase would be beneficial for him. Trading and transaction fees: 3.5 out of 5 stars Coinbase's fee structure is a confusing combination of elements that depend. 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. 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. How Much Did Nas Get From The Ring? Even though he invested in the following company with his venturing company QueensBridge, it is a massive investment. As such, we believe that Shiba Inu Coin (SHIB) is a good investment, especially in the long run. ]); The cryptocurrency exchange was valued at $99.6 billion today when trading began and reached a valuation of over $100 billion in minutes. If you don't, you can read our step-by-step guide. 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. After all, money is his honey. We charge advertisers instead of our readers. aid: '713496', He made one of the most extensive investments in a doorbell company named Ring. Arrive Venture Capital, Jay Z's newest firm, is a subsidiary of his Roc Nation banner, which is in turn owned by Live Nation Entertainment, which, again, is owned by Liberty Media. You may opt-out by. If Coinbase shares trade at investment bank DA Davidson's new price target of $440, QueensBridge could see the value of its Coinbase stake rise to $43.7 million and $218.5 million, respectively. Nas has made a slew of investments under his venture capital firm, Queensbridge Venture Partnerssupporting companies like SeatGeek, PlutoTV, Dropbox, and RobinHood. He added his "first priority" would be the Washington Football Team. LA-based Host/Writer. Nas ' investment firm, QueensBridge Venture Partners, could be banking big on Coinbase going public on the Nasdaq via a direct listing on Wednesday. The cryptocurrency company paid nearly $14 million for a minute-long ad that aired during Super Bowl 56. 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. 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. If you continue to use this site we will assume that you are happy with it. What is the difference between capital formation and investment? Nas and Snoop Dogg invested in Robinhood 7 years ago. Women of Power TECH, PODCASTS Nas performs onstage at the Northside Festival on June 7, 2019 in Aarhus, Denmark. For example, company co-founder/CEO Brian Armstrong is expected to end up with a net worth between $10-14 billion tomorrow. However, there was a new name on the list: legendary rapper Nas. In other words, Nas' early investment is about to pay off, big time. Some of QueensBridge's biggest hit investments include. Here's a quick explanation of maker and taker orders. Jones investing up to $500k into small technology-based startup companies. He proceeded to seed dozens of companies, reportedly hearing 100 pitches a month to this day. But his business partner Anthony Saleh previously told CNBC that the group tends to invest between $100,000 to $500,000 in a startup. The transformation of value in the digital age. When QueensBridge invested in Coinbase, cryptocurrency was still a nascent industry and presented sizable risk (it still does, to be fair). divId: 'div-gpt-ad-rightrail-1', When they did begin trading, Coinbase's shares surged, briefly shooting up 60% to $400 each. What app did Nas invest? "Coinbase listings have the highest average return standing at 91%, but also have the widest distribution of ranging from -32% to 645%," wrote Roberto .