Billionaire Mark Cuban Invests In New Crypto Project

Billionaire Mark Cuban invested in a non-fungible token (NFT) marketplace. On Twitter, he revealed that the Shark Tank star is an official investor in the project.

 

 

They also wrote: “We are super happy to have been supported by such a great businessman and forward thinker. We will be announcing more about our seed round in the coming weeks, but we are looking forward to the very great year of 2021 for #NFTs and Mintable. Come join the 🚀 and apply today.”

Mintable’s marketplace allows users to mint, buy and sell multiple types of Ethereum (ETH) backed NFTs, including visual art, music, videos, and game items, says the online publication the Daily Hodl.

Cuban recently told CNBC that he believes the impact of NFT technology is “real, and permanent.”

“This is like the early internet days all over again. I think [NFTs are] going to be huge.”

NFT art continued to stun those in and out of the sector, with many selling for sky-high prices. It’s been also revealed that Cuban believes that as the nascent market develops, prices will level out.

“…As more entrants come into the [NFT] market, it will become more efficient, and the pricing will settle down.”

The crypto market today

There have been all kinds of optimistic predictions about the price that Bitcoin can reach, but the most recent one is more than bullish.

Kraken CEO Jesse Powell said that Bitcoin could reach $1 million. During a recent interview with Bloomberg TV, he said that Bitcoin’s price would grow by 2,000% in the next decade, and he said that the king coin could reach the mind-blowing figure mentioned above.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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