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Key Takeaways
- Coinbase purchased Cobie’s UpOnly NFT for $25 million in USDC, securing rights to compel an eight-episode UpOnlyTV season.
- Burning the NFT might launch a brand new season inside three months, in accordance with its metadata.
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Coinbase has bought the UpOnly NFT from crypto influencer Cobie for $25 million in USDC, in accordance to blockchain knowledge.
The NFT serves as an “admission ticket” that permits the holder to demand an eight-episode season of UpOnlyTV, the once-popular crypto discuss present co-hosted by Cobie and Ledger Standing.
The NFT’s on-chain description states that burning it will set off a brand new UpOnlyTV season inside three months. It additionally specifies that the acquisition conveys no sponsorship rights and permits the hosts to disregard or mock the customer in the course of the present’s run.
Coinbase’s acquisition has stirred hypothesis throughout crypto circles that the change could also be planning a revival or branded adaptation of UpOnlyTV, although neither Coinbase nor Cobie has publicly commented on the transfer or the NFT’s meant use.
UpOnlyTV rose to prominence over the past bull marketplace for its unscripted interviews with main figures in crypto.
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