Hip hop legend and recording artist Nasir Jones, identified by his stage title “Nas,” not too long ago launched a brand new video with report producer DJ Khaled and rapper Jay-Z. The songwriter talked about being a “cryptocurrency Scarface” and in addition talked about the San Francisco firm Coinbase in his rhyme. Nas was an early Coinbase investor again in 2013 and it’s estimated that Nas raked in over $100 million from his funding with the corporate.
Nas Dubs Himself the ‘Cryptocurrency Scarface’
Nas is a really well-known hip-hop recording artist and since 1994 he’s launched twelve studio albums which have been licensed platinum and multi-platinum within the U.S. Nas has additionally been thought-about one of many greatest rappers of all-time, up there with Eminem, Jay-Z, Andre 3000, Lil Wayne, the Infamous B.I.G., and Tupac. Along with being a songwriter, Nas can be an entrepreneur and he’s invested in quite a few initiatives over time.
One profitable funding Nas has made was with the San Francisco firm Coinbase (Nasdaq: COIN), a crypto agency that was simply listed publicly. Nas didn’t put money into Coinbase instantly, as his funding was made by way of his portfolio firm Queensbridge Enterprise Companions. Queensbridge revealed it was an investor in Coinbase again in 2013, when it helped increase $25 million in a Sequence B funding spherical. Coinbase was valued at $100 to $200 million in 2013, and since then the corporate has gathered an infinite quantity of worth.
Again in 2014, Nas told former Coindesk reporter Pete Rizzo “[Bitcoin] will evolve into an business as huge, if not larger, than the Web.” On the time he additionally disclosed that Queensbridge Enterprise Companions had invested in Coinbase. Now that Coinbase has been listed on Nasdaq and is presently buying and selling for $297 per share, early Coinbase buyers like Nas and NBA star Kevin Durant have made some huge cash. Analysts assume Queensbridge Enterprise Companions may have gathered round $50 million to even $150 million when COIN shares got here out the gate.
‘Lengthy Crypto Ceaselessly’
Following COIN’s debut on Nasdaq and the shares buying and selling amongst market members, Nas talked about his Coinbase funding in his newest video with Jay-Z and DJ Khaled. The music is named “Sorry, Not Sorry” and the music additionally options James Fauntleroy and Harmonies. The lyrical content material Nas offers mentions betting on cryptocurrency moderately than a coin toss.
The crypto point out within the “Sorry, Not Sorry” video says:
Winner in life, f**okay a coin toss / I’m Coinbased, cryptocurrency Scarface.
Fellow New York rapper Curtis Jackson, identified by his stage title “50 Cent,” additionally congratulated Nas and the Brooklyn Nets star participant Kevin Durant for successful huge with their Coinbase investments. “I like to see my folks win,” 50 Cent stated concerning the Coinbase funding in mid-April.
On April 15, Nas’s official Twitter account wrote:
Lengthy crypto eternally…. in illness & in well being.
Nas is just not the one hip-hop mogul who likes cryptocurrencies and even 50 Cent himself bought his album for bitcoin years in the past. Nevertheless, 50 Cent claims he bought his crypto property after the rapper filed chapter. Different crypto-focused hip hop artists embody Snoop Dogg, Talib Kweli, DJ Khaled, Murda Beatz, Logic, Kanye West, and Pitbull.
What do you concentrate on the brand new video Nas launched with Jay-Z and DJ Khaled that mentions cryptocurrency and Coinbase within the lyrics? Tell us what you concentrate on this topic within the feedback part beneath.
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