Not Investment Advice 238: Coinbase Buys Cobie’s Echo ($375M) + UpOnly Podcast NFT ($25M), Walmart vs. Amazon & ChatGPT Launches Browser
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Oct 22, 2025 The hosts dive into Coinbase's hefty acquisition of Cobie's Echo for $375M, discussing its implications for the crypto landscape. They break down the $25M UpOnly NFT drop that created a storm of memes and excitement. The conversation shifts to the competitive dynamics between Walmart and Amazon, especially regarding their integration of ChatGPT for shopping. Lastly, they explore the innovative features of the new ChatGPT browser, including built-in AI actions and the potential for enhanced online shopping experiences.
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Origin Story Of Echo
- Cobie built Echo to open crypto dealflow to a wider audience, like an AngelList for crypto projects.
- Jack described Echo as a capital-formation tool that lets users join syndicates and access early-stage crypto rounds.
Acquisition As A Regulatory Bet
- Coinbase buying Echo is a bet on a post-Clarity Act world where on-chain capital formation scales massively.
- Jack argued Coinbase's distribution could turn niche token sales into mainstream offerings at huge scale.
The NFT That Sparked The Memes
- Cobie minted an NFT that acted as an admission ticket to compel eight episodes of Up Only TV.
- Coinbase.eth then appeared on-chain as the buyer, sparking the memes and speculation about an accompanying acquisition.