American rapper and cryptocurrency investor Nasir Jones, higher recognized by his stage identify Nas, has invited followers to affix the cryptocurrency trade in a newly launched observe.
Launched final week, “Sorry Not Sorry” incorporates a collaboration with DJ Khaled, Jay-Z and James Fauntleroy, with Nas rapping about Coinbase, america’ largest crypto change that went public on Nasdaq on April 14.
“Winner in life, fuck a coin toss / I’m coin-based, mainly cryptocurrency Scarface / Be part of us, there’s gotta be extra of us,” Nas raps within the new collab. Launched on YouTube final Friday, the official music video for “Sorry Not Sorry” has 7.eight million views on the time of writing.
As beforehand reported by Cointelegraph, Nas is an early Coinbase believer, investing within the firm by his enterprise capital agency QueensBridge Enterprise Companions. The rapper reportedly joined Coinbase’s $25 million Collection B spherical in 2013, shopping for between 99,000 and 496,000 shares at a value of $1.00676 per share.
Coinbase COIN shares opened at $381 on Nasdaq in mid-April, marking robust institutional demand because the inventory’s pre-listing reference value was simply $250. The inventory closed Friday trades at $297, at a market capitalization of almost $60 billion. Nas, who may have netted at the least $40 million from his early Coinbase funding, took to Twitter on the itemizing day, stating: “Lengthy crypto endlessly…. in illness and in well being.”
As beforehand reported, Nas’ QueensBridge invested in lots of different crypto firms, together with Bitfury Group, BlockCypher in addition to crypto-friendly inventory buying and selling app Robinhood.
Nas’ observe collaborators have been concerned within the crypto trade as effectively. Jay-Z set up a 500 BTC Bitcoin (BTC) growth fund in cooperation with Twitter CEO Jack Dorsey in February.
DJ Khaled, nevertheless, has not been fortunate with regard to cryptocurrencies. The document producer paid six-figure settlements to U.S. regulators in 2019 for selling Centra Tech’s fraudulent preliminary coin providing on social media.
