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Nas brags about Coinbase and crypto wealth in new track with DJ Khaled

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American rapper and cryptocurrency investor Nasir Jones, better known by his stage name Nas, has invited fans to join the cryptocurrency industry in a newly released track.

Released last week, “Sorry Not Sorry” features a collaboration with DJ Khaled, Jay-Z and James Fauntleroy, with Nas rapping about Coinbase, the United States’ largest crypto exchange that went public on Nasdaq on April 14.

In the new joint, Nas raps, “Winner in life, fuck a coin and this day I’m coin-based and I’m gonna be just like Scarface,” said Scarface.Released on YouTube last Friday, the official music video for “Sorry Not Sorry” has 7.8 million views at the time of writing.

As previously reported by Cointelegraph, Nas is an early COINBASE believer, investing in the company through his venture capital firm QueensBridge Venture Partners. The rapper reportedly joined Coinbase’s $25 million Series B round in 2013, buying between 99,000 and 496,000 shares at a price of $1.00676 per share.

Coinbase COIN shares opened at $381 on Nasdaq in mid-April, marking strong institutional demand as the stock’s pre-listing reference price was just $250.The stock ended Friday at $297, with a market cap of close to $60 billion.Nas, who could have netted at least $40 million from his early Coinbase investment, took to Twitter on the listing day, stating: “Long crypto forever....Throughout sickness and health.”

As previously reported, Nas’ QueensBridge invested in many other crypto companies, including Bitfury Group, BlockCypher as well as crypto-friendly stock trading app Robinhood.

Nas’ track collaborators have been involved in the crypto industry as well. Jay-Z set up a 500 BTC Bitcoin (BTC) development fund in cooperation with Twitter CEO Jack Dorsey in February.

DJ Khaled, however, has not been lucky with regard to cryptocurrencies. The record producer paid six-figure settlements to U.S. regulators in 2019 for promoting Centra Tech’s fraudulent initial coin offering on social media. 

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 5/3/2021

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