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Billionaire Mark Cuban Explains Why NFTs Are Huge

It’s been just revealed that the important billionaire Mark Cuban is explaining the reasons for which NFTs are huge these days. Check out the latest reports about all this below.

NFTs are a massive investment opportunity

Shark Tank investor Mark Cuban said not too long ago that he has his eye on multiple opportunities that he believes could be the next big thing for the crypto industry.

In a new interview with Forbes, Cuban made sure to highlight the fact that non-fungible tokens (NFTs) present a huge opportunity in the book industry.

“NFTs as books, I think particularly for textbooks. Now, whether or not we can get the college textbook publishers to go along is another issue but the idea of kids buying books for classes… The whole process of buying books.”

He continued and said the following:

“First, do you want new or used? Then, you lug these books back, then at the end of the semester – because they’re only good for the time you’re in the class – you make the decision, ‘Yeah I’m going to sell it. How do I sell it? Do I ship it off? Do I take it to the bookstore?’”

We suggest that you check out more details about all this in the original article posted by the Daily Hodl.

More investment opportunities are addressed

As the online publication the Daily Hodl notes, the billionaire says that the insurance industry could also benefit from a crypto-oriented platform.

According to Cuban, health insurance could be a lot more efficient and honest if it operates in a decentralized blockchain environment.

He is not the only important figure in the crypto space talking about the insurance industry and the health industry in general being great on DeFi. Stay tuned and make sure to check out the market as well.

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