Cobie Announces UpOnly Podcast Return with $20M NFT Sale

Crypto entrepreneur Jordan Fish, known as Cobie and founder of Echo, has revealed he will return to hosting his popular UpOnly podcast if someone purchases his newly minted NFT for nearly $20 million. While the idea has garnered attention, potential buyers should note the specific terms included in the NFT agreement.

Key Takeaways

Cobie will revive the UpOnly podcast if his NFT sells for $20 million.
The NFT includes clauses that could limit its holder's involvement in the podcast.
The current leading bid is from a crypto casino, but it falls far short of the asking price.
The last episode of the podcast aired on December 1, 2022.
Cobie emphasizes the importance of market structure over podcast commentary.

UpOnly's Potential Comeback

Jordan Fish, widely recognized in the crypto community as Cobie, has mentioned he might step back into his role as the host of the UpOnly podcast. However, this return is contingent upon a significant purchase of an NFT he has recently created, priced at approximately $20 million.

The NFT Proposal

Cobie made this announcement on X after a user expressed nostalgia for the podcast's earlier episodes from 2021. He stated, “When the NFT is burned, the podcast will restart,” but added with a touch of humor, “Until then, please leave me alone.”

Important Details to Consider

Despite the excitement surrounding the NFT, its fine print reveals some restrictions. Notably, the terms state that the NFT holder has no sponsorship rights. In fact, part of the agreement reads, “we are allowed to call you idiots for buying it,” while also reserving the right to completely disregard the holder during the upcoming eight-episode series.

However, there is a perk: the NFT holder can encourage Cobie and his co-host Brian Krogsgard (a.k.a. Ledger Status) to produce the podcast in a lively manner akin to “monkeys.” If the hosts deem the new owners valuable, they may even let them suggest guests for future episodes.

Responses and Community Feedback

One Twitter user particularly highlighted the clause about ignoring the holder as being somewhat devious. In response, Cobie defended this part of the agreement, stating, “It’s just in case someone disreputable buys it to try and pump their token or something.” He further explained that he doesn't want to be associated with any controversial firms, such as FTX.

Current Bidding Landscape

At present, the highest bid for the NFT comes from a crypto casino known as Shuffledotcom, with an offer of 101 wrapped ether (WETH), only one WETH more than the previous bid from another casino, RollBit. Both bids, however, are far from the NFT's asking price of 10,000 ether, which is roughly valued at $19.5 million.

Looking Back

The last UpOnly episode was shared on YouTube on December 1, 2022. Prior to introducing the NFT initiative, Cobie expressed skepticism regarding the desire for a podcast revival. He believes that listeners are nostalgic for specific market conditions from 2021 rather than the podcast format itself. “The only way to get 2021 vibes is by fixing market structure, not fixing market commentary,” he argued. He further stated, “Working on Echo is 100x more impactful than doing a podcast for this purpose.”

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