If that happens, and these numbers are accurate, Nas' stake will be worth between: If Coinbase outperforms expectations and ends up with a price per share of $440, as some price targets predict on the high end, Nas' stake will be worth between: Nas on the Nasdaq. There is a reason why rapper Nas will be worth $100 million from his initial investment in Coinbase. env: 'prod', The market value of the rapper has thus also shot up. env: 'prod', 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. Coindesk also reported that a source familiar with QueensBridge confirmed Nas companywas still on the cap table. in sickness & in health. Conversation. Sniping the cryptocurrency exchange from as early as 2013 (when it was valued at $143 million USD versus todays $100 billion USD) QueensBridge invested roughly $100,000 $500,000 USD in the initial Series B round ($1.00676 USD a share). The minimum amount needed to buy cryptocurrency on Coinbase is $2. Step 1: Withdraw All Balances Withdraw all balances in all your accounts to a hardware wallet. 02/25/2023. 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. Nas has a net worth of $70 million. Rapper Nas Scored $40 Million From Coinbase's IPO. (This is according to Forbes' reporting, which has been disputed by some rappers in the past.) Like previous years, JAY-Z took the number one spot, netting $76 million, followed by Diddy, who took home $64 million. Already whitelisted us? Coinbase is valued. Coinbase stock is down 83% from its all-time high, including a 25% drop in just the last 24 hours alone. 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. 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 . How did Nas invest in Coinbase? On Wednesday, Coinbase stock was indicated to open around $350, or 40% above its reference price. 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 much do SA rappers earn per month? Photo Credit: Coup dOreille. This is a ninefold increase from . At the lower end of this range, Durant's 2017 investment would now be worth $15.3 million. The New York hip-hop legend is becoming a co-owner of Escobar Cigars, an upstart label. 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. NYC rapper Nasir Jones, known to the world as Nas, creator of the seminal Illmatic album, has divided crypto heads and hip hop fans alike with his new Jay-Z/ DJ Khaled collaboration, Sorry Not Sorry. 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. Another notable huge winner in the IPO is rapper Nas. Coinbase made one of the most confusing Super Bowl commercials of 2022 and, perhaps, all time. Nas and basketball star Kevin Durant are known to have invested sums of money in Coinbase years ago back when its valuation was a fraction of what it is now. 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. Nasir Jones' QueensBridge Venture Partners invested in 2013. div_id: 'div-gpt-ad-rightrail-3', divId: 'div-gpt-ad-rightrail-2', 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. tude.cmd.push(function() { Through QueensBridge, Nas made an investment in Coinbase back in 2013 when the trading platform was only around one year old. At the time of the investment, shares of Coinbase's Series B were worth $1.00676, meaning Jones' firm would have between 99,239 and 496,642 shares, according to CoinDesk. Is Nas a good investment? baseDivId: 'pb-slot-right-1', SOPA images. Speaking of electricity: Selim Basak September 10, What is your position and what gesture are you ready to make to correct? It is one of the top 10 cryptocurrencies with millionaire-maker potential in 2022. tude.refreshAdsViaDivMappings([ { Nas Studios charges anywhere between $10,000 to $70,000 per video production project. This is a BETA experience. Nebulas is 99.82% below the all time high of $16.64. 0 Hypes. cat: 'money', 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. 6. tude.refreshAdsViaDivMappings([ { An early investor in the company, the rapper's stake is worth at least $40 million. Bitcoin spikes to all-time high of $63,000 USD ahead of Coinbase listing. 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. 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. On Wednesday, Coinbase is expected to debut at $350 per share. One listener has done the math and agrees that Nas has every right to enjoy his new title as cryptos Scarface: > 50% profit. divId: 'div-gpt-ad-rightrail-1', The late rappers family also warned the public of scammers trying to profit from his death. TechCrunch, CC BY-SA. subcat: '', Named after the New York housing project where he grew up, QueensBridge has invested in more than 100 companies, including Casper, Dropbox, FanDeul, Parachute, Lyft display: none !important; Cryptocurrency Scarface immediately enters the Nas tech talk lexicon right alongside Google Earth Nas, I got flats in other continents. Some of QueensBridge's biggest hit investments include. Founded in 2005 in Stockholm, Swedish fintech giant Klarna was valued at $2.5 billion last year. An early investor in the company, the rapper's stake is worth at least $40 million. Rapper Nasir Jones, known better as Nas, has emerged as an unlikely winner in today's Coinbase IPO. As per reports, the stock closed at $328 during the first day of trading, which came around to a whopping $86 billion valuation. COMPLEX participates in various affiliate marketing programs, which means COMPLEX gets paid commissions on purchases made through our links to retailer sites. Born Hakeem Seriki in Washington D.C., the rapper actually began his entrepreneurial journey in 2004 when he founded his own record label called Chamillitary Entertainment. According to research put together by Coindesk.com, Nas has a stake in Coinbase that could be worth well over $100 million. Around the World in 60 Seconds: The Nas Daily Journey1,000 Days. He proceeded to seed dozens of companies, reportedly hearing 100 pitches a month to this day. In 2014 Mass Appeal launched a record company that released Nas' 2018 album "Nasir" and 2020 album "King's Disease". 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. 7. 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. 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) What are your thoughts on Nass potential payday? Note: We don't recommend accessing Coinbase through a browser on your mobile device. Even though he invested in the following company with his venturing company QueensBridge, it is a massive investment. "1/ We're excited to announce @BuildOnBase. Nas is looking at a major payday from his investment into cryptocurrency currency exchange platform Coinbase. Back then, it was worth roughly $143 million. 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.. How much money did Nas make on Coinbase? Maker orders: "Makers" create orders for other traders to take. Based on Coinbase's current share price this investment would now be worth around $165 million. On Wednesday, it's estimated to reach a valuation of over $100 billion when it's listed on the Nasdaq. aid: '713496', He used to once work at McDonalds flipping burgers but now, he is the richest crypto billionaire. Rapper Nas has built an expansive investment portfolio spanning more than 100 companies, from fintech to mattresses. How many shiba inu millionaires are there? Meanwhile, Nas QueensBridge Venture Partners hasnt revealed how much the One Mic emcee invested in the company. 2023 Celebrity Net Worth / All Rights Reserved. The past performances and future performances are very unpredictable to research and confirm that by end of 2022 or after ten years SHIB will hit the US$1 milestone. He later invested in Maker Studio, a multipurpose digital platform, which was sold to Disney for a reported $500 million in 2014. url: 'kevin,durant,and,nas,earn,huge,payouts,as,early,coinbase,investors', 9. What is the estimated range of royalties value of Nas Rare NFT? page_type: 'article', aid: '713496', Its rise from a niche internet fad to multi-trillion dollar industry has attracted the attention of public figures beyond the world of tech. In other words, Nas' early investment is about to pay off, big time. However, there was a new name on the list: legendary rapper Nas. 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. At the time, it was worth $62 million. Jay-Z set up a Bitcoin development fund worth 500 Bitcoin ( BTC ) in cooperation with Twitter CEO Jack Dorsey in February. A chance to own a piece of boxing history. 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. 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. The Marvel and Disney+ series only has two episodes left. All Rights Reserved. Coinbase made a rousing debut on Wall Street Wednesday, with shares of the digital currency exchange rising as high as $429, briefly giving it a market value over $100 billion. Some of Nas' early tech investments include Dropbox, Coinbase, Ring Lyft, Genius, and Pluto TV. He made one of the most extensive investments in a doorbell company named Ring. Amid increasing popularity in the cryptocurrency market, shares went as high as $430, giving the company a short-lived valuation of over $100 billion. Today, Robinhood's worth $32 billion. }).render('1b37e0aabe7e47acbf988f0bd583eba5'); During his recent trip to adidas Portland headquarters. 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. } Durant is reported to have invested a little later during a 2017 funding round when Coinbase was valued at around $1.6 billion. 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. Kevin Durant speaks onstage during TechCrunch Disrupt in September 2017, San Francisco, California. Apr 14, 2021. > 50% profit. Aside from being a highly-regarded rapper, Nas has made a name for himself as a tech investor. 1. One fan tweeted that Nass offending line immediately enters the Nas tech talk lexicon right alongside Google Earth Nas, I got flats in other continents. 3. With the launch of two crypto futures . In just the past hour, the price grew by 0.31%. targeting: { 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. The Coinbase IPO is going to make a bunch of company insiders and early investors extremely rich. 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. Moonbirds NFTs Soar, Making. subcat: '', Coinbase now has a market cap of $60 billion and each share trades for $297. 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.. Rapper Nasir Jones, known better as Nas, has emerged as an unlikely winner in todays Coinbase IPO. Google's 2004 IPO is one of the most-famous direct listings. There wasnt a time when [rappers] didnt think about investing, says Nas. (Video) Nas And Kevin Durant Make Multi-Millions Overnight From Coinbase Debut, (Video) Nas - Rapper Turned Investor | Makes Over $100 Million On Coinbase Investment | Nicky And Moose, (Video) Nas Made $100 Million From Coinbase, (Video) Nas made 200M with Coinbase IPO | How was made $200,000,000, (Video) Kevin Durant And Nas Made How Much From Coinbase??? There appears to be some kind of miscommunication. Winner in life, fuck a coin toss / Im coinbased, cryptocurrency Scarface, raps Nas, likely referring to his $40 million stake in cryptocurrency exchange Coinbase, which he announced in the middle of last month, following Coinbases public listing on the Nasdaq. Nas is looking at a major payday from his investment into cryptocurrency currency exchange platform Coinbase. 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 simplest way to see an NFT collection's royalties on OpenSea is to simply click the Buy Now button on a particular NFT. 12. 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. The current circulating supply is 63,766,329.591 NAS. This week they announced an unlikely new minority shareholder in US rapper Snoop Dogg. According to the SEC filing, Ribbit Capital owns at least 5% of Coinbaise shares. Masthead. They have continued to make money from various revenue sources, including brand deals, speaking engagements, Nas Studios services, ads, and courses hosted at none other than Nas Academy. Delivering Trusted Web3 Business Strategies Straight to Your Inbox How much did Chamillionaire sell his app for? Subscribe to Newsletter Unfortunately Not Very Much (Updated for 2023), How Much Does Spotify Pay Per Stream? 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. Freelance Writer & Marketing Writer Since then, Coinbase has been listed on the NASDAQ. Some customers may have fallen victim to a phishing . QueensBridge also invested in smart doorbell company Ring in 2014; it sold to Amazon About 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. An early investor in the company, the rappers stake is worth at least $40 million. It has just reported preliminary results for the first quarter of 2021, with revenue surging to US$1.8 billion. Since then, Bitcoin has overgone two pivotal bull runs and shares in Coinbase have exploded in value. Millionaire Rapper Snoop Dogg Invests in Billion Dollar Fintech Klarna. Invest Your Money If you want to get rich from nothing, investing is a must. 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. ETH has been at the forefront of a blockchain smart contract platform. }); window.tude = window.tude || { cmd: [] }; You'll be asked for the following information. QueensBridge has mastered investing in companies in the startup stages. In a 2018 interview with Durant, ESPN reported Durant tends to invest between $250,000 and $1 million. Other cryptocurrency companies also shelled out millions of dollars for their commercials to be featured during . Coinbase shares closed at $328 after its first day of trading, giving the company a valuation of more than $85 billion. 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. QueensBridge makes early-stage investmentsbetween $100,000 and $500,000, according toco-founder Anthony Saleh. 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. How much did Chamillionaire sell his app for? The Queensbridge native has earned big from his early investments in startups like Dropbox, Ring, Parachute, Robinhood, and many others. tude.cmd.push(function() { There were no people, no brand name just a QR [] Coinbase said funds were stolen from atleast 6,000 customers due to a phishing attack that took place between March and May. Coinbase listed on Nasdaq, and its direct listing opened at $350 per share, $100 above its set reference price. kw: 'mandc,kevin-durant,nas', At that point a single Bitcoin cost around $130. @IanAllison123 reportshttps://t.co/sJC1Gcgv13. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. How do you make millions with cryptocurrency? display: none !important; Coinbase slid 4.85% Thursday. 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. How much money did Nas get from Bitcoin? Nas and Snoop Dogg invested in Robinhood 7 years ago. In other words, Nas early investment is about to pay off, big time. Coinbase now has a market cap of $60 billion and each share trades for $297. For example, company co-founder/CEO Brian Armstrong is expected to end up with a net worth between $10-14 billion tomorrow. 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. B.E. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. }); window.tude = window.tude || { cmd: [] }; in sickness & in health.. 5. How Much Did Nas Get From The Ring? News and analysis for the. 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. Privacy Policy SistersInc. We use cookies to ensure that we give you the best experience on our website. On average, the trading cost will be around $0.00004379. 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. Nas promptly took to Twitter during the exchanges direct listing on April 14 2020 to tweet: Long crypto forever. in sickness & in health. 44. Today, Robinhood's worth $32 billion. 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. 30. Speaking on how he first built his relationship with Hov. 45. Complex Media, Inc. All Rights Reserved. Yuliya Christensen/Getty Images. Moreover, Tidal in late August of 2020 acquired $7 million worth of Sensorium VR tokens, which will serve as the official currency of Sensoriums upcoming Galaxy hub. Sales Partnership Solutions 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. The price of Nebulas has risen by 5.02% in the past 7 days. His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. QueensBridge makes. Yes, Shiba Inu Coin (SHIB) has many catalysts that will allow it to grow over time. $40 million Feel like getting on touch or staying upto date with out latest news and updates? As such, we believe that Shiba Inu Coin (SHIB) is a good investment, especially in the long run. tude.cmd.push(function() { Hoping to bring the title back onto the PlayStation Store soon. The cryptocurrency hit a record high on Nov. 10 at $68,990. 21, 2020. Theres speculation that Horowitz informed Nas that investing in Coinbase would be beneficial for him. Nas has invested in a number of varied start-ups through his investment firm QueensBridge Venture Partners. In recent years he has gained additional acclaim (and wealth) as an early-stage venture investor. Coinbase Global Inc.'s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. window.tude = window.tude || { cmd: [] }; 10. QueensBridge invested in Coinbase's 2013 Series B round which raised $25 million and gave the company a valuation of $143 million. Refresh page. Advanced Trade fees are similar to those of Coinbase Pro and are based on a maker/taker model. In other words, Nas' early investment is about to pay off, big time. Comment and let us know. Our editorial content is not influenced by any commissions we receive. The stock price ended the day at $328.28, giving the company a market value of nearly $86 billion. The transformation of value in the digital age. He raised around $10 million from investors and injected several million of his own dollars. Nas didn't invest in Coinbase directly, as his investment was made via his portfolio company Queensbridge Venture Partners. Jones, himself, pocketed at least $25 million from the transaction. Shiba Inu has a direct relationship with the Bitcoin price. 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. aid: '713496', Rap legend @Nas is on the @coinbase cap table. After all, money is his honey. That value could also rise to $43.7 million and $218.5 million, respectively, if Coinbase shares trade at investment bank DA Davidson's new price target of $440 . 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. If you continue to use this site we will assume that you are happy with it. His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million. 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.