Several companies Nas has invested in have been big winners. Even though he invested in the following company with his venturing company QueensBridge, it is a massive investment. 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.". The Brooklyn Nets player invested in the company back in 2017 when it was valued at $1.6 billion. 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. 7. Photo Credit: Coup dOreille. The New York hip-hop legend is becoming a co-owner of Escobar Cigars, an upstart label. At the share price of. Since then, Bitcoin has overgone two pivotal bull runs and shares in Coinbase have exploded in value. Rapper Nasir Jones, known better as Nas, has emerged as an unlikely winner in today's Coinbase IPO. Two-time NBA champion Kevin Durant just joined rapper Nas in earning huge payouts from their early investments in the cryptocurrency trading platform Coinbase. The total amount of his funding was $4.5 million. In 2014 Mass Appeal launched a record company that released Nas' 2018 album "Nasir" and 2020 album "King's Disease". Black Men XCEL Shares of Coinbase Global Inc., the largest U.S. cryptocurrency exchange, started trading Wednesday under the ticker symbol COIN. His firm invested between $100,000 and $500,000, its typical amount. He made one of the most extensive investments in a doorbell company named Ring. First Mover The latest moves in crypto markets, in context. 10. display: none !important; 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. 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. Nas loves to invest money in tech companies. When they did begin trading, Coinbase's shares surged, briefly shooting up 60% to $400 each. kw: 'mandc,kevin-durant,nas', According to his blog on NasAcademy.com, Nas Daily makes $400,000 to $500,000 every month. One listener has done the math and agrees that Nas has every right to enjoy his new title as cryptos Scarface: > 50% profit. In any event, Nas acknowledged the crypto-fueled windfall in a pair of tweets, writing first: Long crypto forever. Ribbit Capital, the firm behind the investing platform Robinhood, joined Coinbase's Series A funding round back in 2013. Another jibed that he almost broke [his] thumb turnin it off: Nas called himself the crypto currency scarface and I almost broke my thumb turnin it off https://t.co/xlbFUCqLeZ, PrThegreat609 (@CoachPr_NJ) April 30, 2021. Without advertising income, we can't keep making this site awesome for you. 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. But his business partner Anthony Saleh previously told CNBC that the group tends to invest between $100,000 to $500,000 in a startup. Ring is currently owned by Amazon. Coinbase Global Inc.'s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. In addition to Coinbase, Durant holds investments in companies like Postmates, Acorns, Andbox, and alternative-asset-management company Alt. For example, company co-founder/CEO Brian Armstrong is expected to end up with a net worth between $10-14 billion tomorrow. If you don't, you can read our step-by-step guide. In recent years he has gained additional acclaim (and wealth) as an early-stage venture investor. This is a BETA experience. What company is Nas invested in? 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. Nas has landed a number of successful early investments, primarily in technology companies. 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. }); !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); Passing Tyler Ninja Blevins with over 270,000 subscribers. TechCrunch, CC BY-SA. Registry of Corporate Directors. Sniping the . Nasir Jones' QueensBridge Venture Partners invested in 2013. But at the current moment, Shiba Inu is aiming to be the next Bitcoin in the crypto market. Nas tweeted yesterday: "Long crypto forever in sickness and in health.". Rapper Nas founded QueensBridge Venture Partners in 2013. Millionaire Rapper Snoop Dogg Invests in Billion Dollar Fintech Klarna. : Greys Anatomy Alum Isaiah Washington Announces Hes Retiring From Acting: The Useful Idiots Have Won: RHOP Alum Katie Rost Slams Ashley Darbys Estranged Husband For Suing Candiace Dillard Bassett For $2 Million Over Oral Sex Allegations: It Better Be A Joke: Tory Lanez Demands Love & Hip Hop Star Prince Sit For Deposition In Assault Battle: Shanquella Robinsons Family Feels Abandoned By US Officials As Investigation Into Her Mysterious Death Reaches 4 Months: We Beg For Answers: Kanye West Says He Never Made Any Money From Donda Stem Player, Despite Claiming $2.2M Revenue, Amid Lawsuit For Unauthorized Song Sample Featured On Music Device: EXCLUSIVE: Headkracks Exit From The Morning Hustle Radio Show Was A Mutual Decision, Media Personality Working On New Projects, [EXCLUSIVE First Look] WE tvs GROWN & GOSPEL Docuseries, Birdman Says Hes Paying Mays Rent For New Orleans Residents Who Are In Need, Beyonces Hair Stylist Says Her Hair Is Realness After Being Questioned If Shes WearingA Wig Or Sew-In Weave, Cassie Chills with Joseline Hernandez, Jada Pinkett Smith Surfs + More Celeb Stalking, Stop & Stare: Jada Pinkett Smith & Smith Family Show Skin on Hawaii Vacay. 39. Queensbridge revealed it was an investor in Coinbase back in 2013, when it helped raise $25 million in a Series B funding round. env: 'prod', Some of QueensBridge's biggest hit investments include. What year did Nas invest in Coinbase? AWS Route Table Concepts and How Route Tables Work. Compounding interest allows it to grow much more quickly than simply accumulating money in a checking account. On Wednesday, Coinbase is expected to debut at $350 per share. The rapper's investment company has been on a hell of a run recently. 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. } 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. Nas has landed a number of successful early investments, primarily in technology companies. Durant is reported to have invested a little later during a 2017 funding round when Coinbase was valued at around $1.6 billion. Subscribe to Newsletter So yes, it is possible for Shiba Inu Coin to reach 1 cent; however, it will be very difficult. You may have to select a menu option or click a button. Like previous years, JAY-Z took the number one spot, netting $76 million, followed by Diddy, who took home $64 million. As you probably know if you've been even a casual CelebrityNetWorth. Advanced Trade fees are similar to those of Coinbase Pro and are based on a maker/taker model. url: 'kevin,durant,and,nas,earn,huge,payouts,as,early,coinbase,investors', billionaire Sam Bankman-Fried On average, the trading cost will be around $0.00004379. As previously reported by Cointelegraph, Nas is an early Coinbase believer, investing in the company through his venture capital firm QueensBridge Venture Partners. If you continue to use this site we will assume that you are happy with it. 2023 Hypebeast Limited. for $1.1 billion in 2018. > 50% profit. I guess its what Nas calls cryptocurrency Scarface. At the share price of $415 that the stock reached minutes after trading began, those shares were worth between $41.2 million and $206 million. 3. He proceeded to seed dozens of companies, reportedly hearing 100 pitches a month to this day. In addition to Bitcoin, Ethereum, Tether, Dogecoin, and other well-known coins, more than 7,000 cryptos are now trading on more than 300 exchanges globally. All Rights Reserved. In a 2018 interview with Durant, ESPN reported Durant tends to invest between $250,000 and $1 million. Valid for new Coinbase users who make a cryptocurrency purchase on Coinbase. The value of companies is based on how they make great products, he wrote. According to research put together by Coindesk.com, Nas has a stake in Coinbase that could be worth well over $100 million. Nasis looking at a major payday from his investment into cryptocurrency currency exchange platform Coinbase. page_type: 'article', Complex Media, Inc. All Rights Reserved. The current price is $0.0293 per NAS. Click or tap Get started. 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. However, there was a new name on the list: legendary rapper Nas. 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. 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. During his recent trip to adidas Portland headquarters. That . How much did Nas make off of Bitcoin? Fans are divided about the reference in his new song. 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. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. QueensBridge makes early-stage investments between $100,000 and $500,000, according to co-founder Anthony Saleh. Trading and transaction fees: 3.5 out of 5 stars Coinbase's fee structure is a confusing combination of elements that depend. 9. 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. Freelance Writer & Marketing Writer