What is Uponly NFT?

Uponly is an NFT collection that has become the symbol of Cobie’s popular podcast and YouTube channel. These NFTs not only serve as digital art pieces but also function as digital identities providing exclusive access to Cobie’s content and community. Especially in the crypto world, Cobie’s NFTs hold significant value both as collectibles and as prestige within the community.

A Record Purchase

This purchase by Coinbase marks one of the highest-priced transactions in the NFT market to date. 25 million USDC, approximately 25 million US dollars, stands out as one of the largest amounts ever paid for a digital collectible.

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This transaction not only reflects the value of an NFT but also highlights Coinbase’s strategic moves in the Web3 and NFT space. This purchase reinforces the platform’s vision regarding digital assets and community engagement.

A New Era in the Web3 Ecosystem

Coinbase’s move demonstrates that NFTs are not only art pieces but also digital identities and community memberships that hold value. Such transactions can be considered important milestones in the evolution of the Web3 ecosystem.

Additionally, this purchase shows that the value of NFTs is determined not only by aesthetics but also by their role within the community and the exclusive content they provide access to. Coinbase’s strategic action offers important insights into the future of digital assets.

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At 9:00 a.m. ET, Plasma launched its raise through the ICO platform Sonar, allowing users to deposit stablecoins in exchange for the right to purchase its native token, XPL. By 9:48 a.m., the raise was complete, far surpassing the initial goal of $50 million, which represented 10% of XPL’s total supply. More than 1,100 wallets participated, each averaging around $35,000 in deposits.

First ICO on Sonar Ends in Massive Success

This fundraising event marks the first official project launch on Sonar, a new ICO platform built by Echo, the angel investment initiative created by crypto investor Cobie. Plasma’s launch through Sonar has set a high bar, showing that interest in stablecoin-based ecosystems is at an all-time high.

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According to data from Arkham, the Plasma vault now holds $345 million in USDC, $146.1 million in USDT, $7.5 million in USDS, and $1.21 million in DAI.

Tether Transaction Fees? Plasma Aims for Zero

Plasma is building an EVM-compatible sidechain designed to eliminate transaction fees for Tether’s USDT. This vision has already caught investor attention: in October 2024, Bitfinex led a $3.5 million funding round, followed by a $20 million Series A raise in February 2025.

The broader surge in stablecoin interest among institutions and venture funds played a clear role in the rapid raise. With USDT currently making up 64% of all stablecoin supply, projects like Plasma are positioning themselves at the heart of future infrastructure.

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The group lead position on Echo provides selected groups of users access to exclusive investment opportunities. Echo enables individual crypto investors to collaborate and make collective investments in web3 projects, expanding access to onchain capital.

Over 40 Projects Funded by the Base Ecosystem Fund

Launched in September 2023, the Base Ecosystem Fund has already invested in more than 40 projects, including the decentralized exchange Aerodrome, DeFi lending protocol Morpho, and web3 restaurant loyalty platform Blackbird.

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In a joint statement, Shan Aggarwal, Coinbase’s Vice President of Corporate and Business Development, and Jesse Pollak, Head of Base and Coinbase Wallet, stated:

“Onchain investing allows accredited and qualified investors to participate in opportunities that were previously out of reach, while giving founders access to a broader and more dynamic capital base. We’re excited to broaden access to capital for Base builders and enable more people to participate in the next wave of innovation.”

Echo Platform and Group Lead Structure

Echo allows individual investors to collaborate by pooling resources and collectively investing in web3 projects. Group leads on Echo are responsible for providing curated access to investment deals for selected groups of users.

The platform was launched in March 2024 by prominent crypto trader Jordan Fish, also known as “Cobie“. Echo’s goal is to democratize access to onchain investment opportunities and support the next generation of web3 innovation.

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