Coinbase CEO Confirms Spending $25M to Buy UpOnly NFT From Cobie

**Coinbase Makes Historic $25 Million NFT Acquisition to Revive Popular Crypto Podcast**

Coinbase CEO has officially confirmed the cryptocurrency exchange's groundbreaking $25 million purchase of the UpOnly NFT from renowned crypto trader Cobie, marking one of the largest NFT transactions in recent blockchain history. This strategic acquisition aims to resurrect the highly popular "UpOnly" podcast series after a three-year hiatus, positioning Coinbase at the forefront of crypto media and community engagement.

The massive investment demonstrates Coinbase's commitment to expanding beyond traditional cryptocurrency trading into the burgeoning NFT and digital media sectors. UpOnly previously gained significant traction in the DeFi and Bitcoin communities, featuring discussions on market trends, blockchain technology, and cryptocurrency investments.

This $25 million deal reflects the growing institutional adoption of NFTs and highlights how major crypto exchanges are diversifying their portfolios. The revival of UpOnly could potentially influence cryptocurrency market sentiment and provide valuable insights into Bitcoin, altcoins, and emerging blockchain technologies. Industry analysts view this acquisition as Coinbase's strategic move to capture greater market share in the evolving digital asset ecosystem while strengthening community relationships.