Earlier this year, crypto influencer and investor Cobie (real name Jordan Fish) created a non-fungible token (NFT) related to a defunct podcast he co-hosted with the pseudonymous Ledger during the 2021 crypto bull run and eventual collapse. Yesterday, Coinbase CEO Brian Armstrong announced that the crypto exchange had purchased this NFT, which cost $25 million ( paid via the USDC stablecoin ).

According to public statements made by Cobie around the time the NFT was created, the point of the token’s creation was to give anyone who purchased it the power to force Cobie and Ledger to bring back their old podcast, known as Up Only , for eight new episodes. Of course, since this was an NFT without any actual legal contract associated with it, it’s unclear whether the purchase

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