Overview
- Coinbase CEO Brian Armstrong confirmed the $25 million purchase in USDC and said UpOnlyTV is coming back.
- The NFT entitles its holder to demand an eight-episode season, with a burn option that would start a new season within three months.
- The listing’s terms state the buyer receives no ad rights, sponsorship placement, or editorial input, and the hosts may ignore or mock the buyer.
- Reports note the exchange paid above the listed price, with some coverage citing a $5 million premium.
- The high-profile buy drew attention as users reported Coinbase service outages, and observers framed the move as an NFT-driven media experiment.