Summary
- Coinbase purchased the 'UpOnly' podcast's non-fungible token (NFT) for $25 million.
- This made the transaction the fifth-most expensive NFT sale in history.
- Brian Armstrong, Coinbase CEO, said he would revive the 'UpOnly' podcast as a new season.
Coinbase has reportedly paid $25 million to revive the once-popular crypto podcast 'UpOnly'.
On the 20th (local time), according to Cointelegraph, Brian Armstrong, Coinbase CEO, said, 'The rumors are true. We purchased the NFT to revive 'UpOnly' as a new season.'
UpOnly gained popularity during the 2021 bull market by inviting major figures in the crypto industry, but it was suspended after its final episode in December 2022 following the collapse of its main sponsor, FTX. Later, in May, Cobie said, 'Whether UpOnly resumes is no longer in my hands,' adding, 'The authority to resume the show is contained in the NFT I issued. If the NFT is burned, the podcast will restart.'
The NFT had been listed on OpenSea with a highest bid of 4.7 Ether (about $18,500), but Coinbase's purchase of it for $25 million made it the fifth-most expensive NFT sale in history.
On X (formerly Twitter), Cobie joked, 'I'm back after three years,' and 'I'm going to rename it 'Unc Only' and spend the $25 million on plastic surgery.' Coinbase's official account replied, 'Time to go live, Unc.'
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
