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Coinbase buys Cobie’s UpOnly NFT for $25 million, signaling show revival

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Credit : cryptonews.net

Key Takeaways

  • Coinbase bought Cobie’s UpOnly NFT for $25 million USDC, securing the rights to command an eight-episode UpOnlyTV season.
  • In response to the metadata, Burning the NFT might launch a brand new season inside three months.

Coinbase has bought crypto influencer Cobie’s UpOnly NFT for $25 million in USDC, in keeping with blockchain information.

The NFT serves as a “ticket” that permits the holder to say 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 could set off a brand new UpOnlyTV season inside three months. It additionally specifies that the acquisition doesn’t carry any sponsorship rights and permits the hosts to disregard or mock the customer through the present.

The Coinbase acquisition has sparked hypothesis in cryptocurrency circles that the alternate could also be planning a revival or rebranding of UpOnlyTV, though neither Coinbase nor Cobie have publicly commented on the transfer or the NFT’s supposed use.

UpOnlyTV rose to prominence over the last bull marketplace for its unscripted interviews with main figures in crypto.

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