Hip-hop legend and recording artist Nasir Jones is known by his stage name “Nas” and recently released a new video with record producer DJ Khaled and rapper Jay-Z. The songwriter referred to himself as “cryptocurrency Scarface” and also referred to San Francisco-based Coinbase. Nas was an early investor in Coinbase as early as 2013, and it is estimated that Nas received more than $100 million in income from his investment in the company.
Nas calls himself the “Cryptocurrency Scarface”
Nas is a very famous hip-hop recording artist. Since 1994, he has released 12 studio albums, which have been certified platinum and multi-platinum in the United States. , Jay-Z, Andre 3000, Lil Wayne, the notorious BIG and Tupac. In addition to being a songwriter, Nas is also an entrepreneur and he has invested in many projects over the years.
One lucrative investment by Nas is in San Francisco company Coinbase (Nasdaq: COIN), which has just gone public. Nas did not invest directly in Coinbase because his investment was made through his portfolio company Queensbridge Venture Partners. Queensbridge revealed that he was an investor in Coinbase in 2013, when the company helped it raise $25 million in Series B financing. Coinbase was valued at $10 to $200 million in 2013, and the company has accumulated tremendous value since then.
Back in 2014, Nas told former Coindesk reporter Pete Rizzo “[Bitcoin] It will develop into an industry that is even bigger or bigger than the Internet. At the time, he also revealed that Queensbridge Venture Partners had invested in Coinbase. Now Coinbase is listed on the Nasdaq, and the current transaction price is $297 per share. Early Coinbase investors like Nas and NBA star Kevin Durant have made a lot of money. Analysts believe that Queensbridge Venture Partners may raise approximately US$50 million to US$150 million when COIN’s stock goes public.
After COIN’s debut on Nasdaq and stock trading among market participants, Nas mentioned his investment in Coinbase in the latest video with Jay-Z and DJ Khaled. This song is called “Sorry, I’m Sorry” and it also includes James Fauntleroy and harmony. The content of the lyrics provided by Nas mentions betting on cryptocurrency instead of flipping a coin.
The cryptocurrency in the “Sorry, sorry” video mentioned:
The winner in life, f**ka toss a coin/I am the Scarface, a cryptocurrency based on Coin.
New York rapper Curtis Jackson (Curtis Jackson) is known by his stage name “50 Cents”, and he has also been against Nass and Brooklyn Nets star player Kevin Durant (Kevin Durant) Coinbase Congratulations on the success of the investment. “I am very happy to see my people win,” 50 Cent said of the investment in Coinbase in mid-April.
Cryptocurrency forever…. In terms of disease and health.
Nass is not the only hip-hop big man who likes cryptocurrency. Even the 50-year-old himself sold his album for Bitcoin a few years ago. However, 50 Cent claimed that after the rapper filed for bankruptcy, he sold his crypto assets. Other cryptocurrency-focused hip-hop singers include Snoop Dogg, Talib Kweli, DJ Khaled, Murda Beatz, Logic, Kanye West and Pitbull.
What do you think of the new video Nas released with Jay-Z and DJ Khaled and mentions cryptocurrency and Coinbase in the lyrics? Let us know your thoughts on this topic in the comments section below.
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