In a significant move for the crypto community, Coinbase has invested $25 million to acquire and burn a non-fungible token (NFT) associated with the return of the popular UpOnly podcast. According to the results published in the material, this announcement, made by CEO Brian Armstrong, signals the podcast's comeback after nearly three years of inactivity.
Revival of the UpOnly Podcast
The UpOnly podcast, which gained immense popularity during the 2021 bull market, is known for its engaging interviews with prominent figures in the cryptocurrency space and insightful industry analysis. Armstrong's confirmation of the podcast's revival has reignited interest among crypto enthusiasts, highlighting the ongoing relevance of such platforms in the evolving digital landscape.
Impact on UpOnly Memecoin
Following the announcement, the UpOnly memecoin on the Base network experienced a staggering surge of 7,900%, reflecting the excitement surrounding the podcast's return. However, this spike was short-lived, as the price of the memecoin quickly fell back down, illustrating the volatile nature of the crypto market and the speculative behavior of investors.
Tether recently surpassed 500 million users and is set to launch a new US-compliant stablecoin, USDT, to enhance its market presence. This development comes on the heels of Coinbase's significant investment in the UpOnly podcast, highlighting the dynamic nature of the crypto landscape. For more details, read more.
