Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

Hip Hop Star Nas Calls Himself ‘Cryptocurrency Scarface,’ Mentions Coinbase Investment in New Video

Hip Hop Star Nas Calls Himself 'Cryptocurrency Scarface,' Mentions Coinbase Investment in New Video

Hip hop legend and recording artist Nasir Jones, known by his stage name “Nas,” recently released a new video with record producer DJ Khaled and rapper Jay-Z. The songwriter mentioned being a “cryptocurrency Scarface” and also mentioned the San Francisco company Coinbase in his rhyme. Nas was an early Coinbase investor back in 2013 and it is estimated that Nas raked in over $100 million from his investment with the company.

Nas Dubs Himself the ‘Cryptocurrency Scarface’

Nas is a very well known hip-hop recording artist and since 1994 he’s released twelve studio albums that have been certified platinum and multi-platinum in the U.S. Nas has also been considered one of the greatest rappers of all-time, up there with Eminem, Jay-Z, Andre 3000, Lil Wayne, the Notorious B.I.G., and Tupac. In addition to being a songwriter, Nas is also an entrepreneur and he’s invested in numerous projects over the years.

One lucrative investment Nas has made was with the San Francisco company Coinbase (Nasdaq: COIN), a crypto firm that was just listed publicly. Nas didn’t invest in Coinbase directly, as his investment was made via his portfolio company Queensbridge Venture Partners. Queensbridge revealed it was an investor in Coinbase back in 2013, when it helped raise $25 million in a Series B funding round. Coinbase was valued at $100 to $200 million in 2013, and since then the company has gathered an enormous amount of value.

Back in 2014, Nas told former Coindesk reporter Pete Rizzo “[Bitcoin] will evolve into an industry as big, if not bigger, than the Internet.” At the time he also disclosed that Queensbridge Venture Partners had invested in Coinbase. Now that Coinbase has been listed on Nasdaq and is currently trading for $297 per share, early Coinbase investors like Nas and NBA star Kevin Durant have made a lot of money. Analysts think Queensbridge Venture Partners could have gathered around $50 million to even $150 million when COIN shares came out the gate.

‘Long Crypto Forever’

Following COIN’s debut on Nasdaq and the shares trading among market participants, Nas mentioned his Coinbase investment in his latest video with Jay-Z and DJ Khaled. The song is called “Sorry, Not Sorry” and the song also features James Fauntleroy and Harmonies. The lyrical content Nas provides mentions betting on cryptocurrency rather than a coin toss.

The crypto mention in the “Sorry, Not Sorry” video says:

Winner in life, f**k a coin toss / I’m Coinbased, cryptocurrency Scarface.

Fellow New York rapper Curtis Jackson, known by his stage name “50 Cent,” also congratulated Nas and the Brooklyn Nets star player Kevin Durant for winning big with their Coinbase investments. “I love to see my people win,” 50 Cent said about the Coinbase investment in mid-April.

On April 15, Nas’s official Twitter account wrote:

Long crypto forever…. in sickness & in health.

Nas is not the only hip-hop mogul who likes cryptocurrencies and even 50 Cent himself sold his album for bitcoin years ago. However, 50 Cent claims he sold his crypto assets after the rapper filed bankruptcy. Other crypto-focused hip hop artists include Snoop Dogg, Talib Kweli, DJ Khaled, Murda Beatz, Logic, Kanye West, and Pitbull.

What do you think about the new video Nas released with Jay-Z and DJ Khaled that mentions cryptocurrency and Coinbase in the lyrics? Let us know what you think about this subject in the comments section below.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment
Read more

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High On the first day of November 2021, Bitcoin.com News took a deep dive into the Olympus DAO and the reserve-backed asset called OHM . Olympus is a decentralized finance (defi) project that is described as a rebase token and since Olympus started, a myriad of Olympus forks have been born. Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once ...
Post a Comment
Read more

Year of sponsorships: Celebrities who embraced crypto in 2021

From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto. Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets. In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram story shared with  her more than 200 million followers . The token, which was used as payment for online ticket purchases for some pay-per-view events, gained 116,000% in just one week following the celebrity’s activity before falling more than 99% and leaving many investors in the red. Kim Kardashian promoting EthereumMax on Instagram Stories, June 2021. Source: Instagram Though EthereumMax is somewhat of a cautionary tale for cry...
Post a Comment
Read more