Coinbase Acquires UpOnly NFT for $25M

Coinbase Acquires UpOnly NFT for $25 Million in USDC

• Coinbase purchased the UpOnly NFT from crypto influencer Cobie for $25 million in USDC.
• The NFT grants rights to demand an eight-episode season of UpOnlyTV, a popular crypto talk show.
• Burning the NFT could initiate a new season within three months, as per its metadata.
• The acquisition does not include sponsorship rights and allows hosts to ignore or mock the buyer during episodes.
• No public comments have been made by Coinbase or Cobie regarding the intended use of the NFT.

Coinbase’s purchase of Cobie’s UpOnly NFT for $25 million in USDC allows them to potentially revive or adapt the UpOnlyTV series, though no official plans have been disclosed.