Coinbase CEO Brian Armstrong on Tuesday, confirmed the acquisition of $25 million UpOnly NFT from well-known crypto dealer Cobie.
“The rumors are true, we bought the NFT,” Armstrong wrote to his 1.6 million followers on X. “UpOnlyTV is coming back.”
Per on-chain information, Coinbase paid $25 million in USDC to Cobie for the NFT, pushing him again into the host’s chair, aiming to resurrect the podcast.
UpOnly NFT originated from the podcast present “UpOnly” hosted by Cobie, together with Ledger. The present invitations prime merchants, undertaking founders, fund managers, to debate crypto tendencies.
Nonetheless, this system stalled roughly three years in the past, following the FTX collapse in 2022 and the next crypto winter.
‘When NFT is Burnt, Podcast Will Restart’: Cobie
In Could 2025, Cobie created a problem that if somebody burns the NFT, this system would return for one more season.
“OK I am no longer the decision maker on if UpOnly returns,” Cobie wrote in Could. “The power is now stored within this NFT that I just minted. When the NFT is burned, the podcast will restart. Until then, please leave me alone.”
The supply nonetheless restricted sponsorship rights or editorial management. Given the excessive dollar-amount set on the NFT, Cobie mentioned on the time, “You couldn’t set a dollar amount on OpenSea so I just kept adding 0s till the number seemed too big for anyone to buy even as a joke.”
On Tuesday, not solely did Coinbase buy UpOnly’s NFT, however it apparently overpaid the asking value of the non-fungible token.
Quickly after the Coinbase’s buy, Jordan Fish, aka Cobie, conveyed his disbelief fairly concisely.
UpOnly Podcast Returns With ‘Eight Episodes’
Based on the NFT effective print, the holder of the token “can compel Cobie and Ledger Status into performing, like monkeys, 8 episodes of UpOnlyTV.”
“We are allowed to call you idiots for buying it, or ignore you completely with zero mentions of your existence during our 8-episode season,” the NFT description learn.
In a separate submit on X, Cobie joked, “Im too old to have a crypto podcast imma be out here looking like Gary V.”
“It has been 3 years since up only ended. I was in my 20s when it started, now I have grey hair. We will rename it Unc Only and I will spend $25m on cosmetic surgery. See ya soon.”
Coinbase’s buy comes concurrently it suffered intense technical difficulties linked to an outage with Amazon Internet Providers (AWS).
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