Essential factors
- Coinbase bought Cobie’s UpOnly NFT for $25 million in USDC, securing the rights to compel an eight-episode UpOnly TV season.
- Based on the metadata, burning an NFT can begin a brand new season inside 3 months.
Coinbase bought UpOnly NFTs from cryptocurrency influencer Cobie for $25 million in USDC, based on blockchain knowledge.
The NFT will function a “ticket of admission” that enables homeowners to assert an eight-episode season of UpOnlyTV, the once-popular crypto speak present co-hosted by Cobie and Ledger Standing.
The NFT’s on-chain description states that burning the NFT will begin a brand new UpOnlyTV season inside three months. It additionally states that the acquisition doesn’t include sponsorship rights and permits the host to disregard or ridicule the purchaser in the course of the course of the present.
Coinbase’s acquisition has sparked hypothesis throughout the crypto world that the alternate plans to revive or rebrand UpOnlyTV, however neither Coinbase nor Cobie have publicly commented on the transfer or the usage of NFTs.
UpOnlyTV rose to prominence over the past bull marketplace for its unscripted interviews with main figures in cryptocurrency.
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