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 Coinbase from San Francisco in his rhyme. Nas was an early Coinbase investor back in 2013, and it is estimated that Nas grossed over $ 100 million by investing in the company.
Nas calls himself the “Cryptocurrency Scarface”
Nas is a very well known hip hop recording artist and since 1994 he has released twelve studio albums that went platinum and multi-platinum in the United States. Nas is also considered one of the greatest rappers of all time with Eminem, Jay-Z, Andre 3000, Lil Wayne, the infamous BIG and Tupac. As well as being a songwriter, Nas is also an entrepreneur and has invested in numerous projects over the years.
One lucrative investment Nas made was with Coinbase (Nasdaq: COIN) in San Francisco, a crypto company that just went public. Nas did not invest directly in Coinbase as his investment was made through his portfolio company Queensbridge Venture Partners. Queensbridge announced it was an investor in Coinbase in 2013 when it helped raise $ 25 million in a Series B funding round. Coinbase was valued at $ 100 million to $ 200 million in 2013, and the company has grown in value since then.
As early as 2014, Nas told former Coindesk reporter Pete Rizzo: “[Bitcoin] is going to grow into an industry as big, if not bigger, than the internet. “At the time, he also announced that Queensbridge Venture Partners had invested in Coinbase. Now that Coinbase is listed on the Nasdaq and is currently trading at $ 297 per share, early Coinbase investors like Nas and NBA star Kevin Durant have made big bucks. Analysts believe Queensbridge Venture Partners could have raised around $ 50 million to $ 150 million when the COIN shares went off the market.
“Long crypto forever”
After COIN debuted on Nasdaq and started trading stocks 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 includes James Fauntleroy and Harmonies. The lyrical content Nas offers mentions betting on cryptocurrency rather than a coin toss.
The crypto mention in the “Sorry, Not Sorry” video reads:
Winner in life, f ** k a coin toss / I’m Coinbased, Cryptocurrency Scarface.
New York rapper Curtis Jackson, known by his stage name “50 Cent”, also congratulated Nas and Brooklyn Nets star Kevin Durant on his big win on their Coinbase investments. “I love to see my people win,” 50 Cent said of the Coinbase investment in mid-April.
On April 15, Nas’ official Twitter account wrote:
Long crypto forever…. in sickness and health.
Nas isn’t 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 fortune after the rapper filed for 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 of the new video that Nas released with Jay-Z and DJ Khaled and that mentions cryptocurrency and Coinbase in the texts? Let us know what you think on this matter in the comments section below.
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