Altcoins

Who Is Mark Cuban? Crypto Companies Backed By Shark Tank Investor

Mark Cuban is a widely known title within the crypto world. The serial investor and billionaire ventured into the world of entrepreneurship when he was 12 by promoting rubbish to his neighbors. Nevertheless, Cuban’s public character as a startup investor got here to gentle after he turned a part of the hit funding present Shark Tank from Season 2.

Aside from being an American billionaire entrepreneur, Mark Cuban can also be a tv character and media proprietor. On this article, we are going to focus on intimately who Mark Cuban is and prime crypto investments of the shark tank investor.

Who’s Mark Cuban?

Mark Cuban (64) was born on July 31, 1958, in Pittsburgh (U.S.) In 1995, Cuban cofounded Web audio and video streaming service Broadcast.com. A longtime basketball fan, Cuban additionally acquired the Dallas Mavericks of the Nationwide Basketball Affiliation (NBA) and often appeared on the fact TV present Shark Tank. Cuban grew up in Mt. Lebanon, a suburb of Pittsburgh, and displayed an affinity for enterprise at an early age.

When he was in his junior 12 months in highschool, Cuban began taking night lessons on the College of Pittsburgh (Pitt), and he used these credit to graduate from highschool. After his first 12 months at Pitt, he moved to Indiana College (IU) to pursue a enterprise diploma. After graduating in 1980, he moved again to Pittsburgh to work briefly for Mellon Financial institution.

In 1995 Mark Cuban and Todd Wagner based AudioNet (which later turned Broadcast.com). The corporate supplied totally different dwell programming on-line. Massively profitable, it went public in 1998 and was offered to Yahoo the next 12 months for round $5.7 billion.

This deal made Cuban a billionaire, and he began shopping for a number of firms from numerous fields. In 2003 Wagner and Cuban cofounded 2929 Leisure. Cuban’s different ventures included the web pharmacy Value Plus Medicine (2022), which offered prescribed drugs at a lower cost. He additionally invested in numerous start-ups, and in 2011 he began showing on Shark Tank, a actuality TV present the place entrepreneurs current innovations to a panel of potential buyers.

Listed here are 5 crypto altcoins Mark Cuban says he owns.

Mark Cuban’s Crypto Investments

1. ApeCoin (APE)

ApeCoin is an Ethereum-based token that’s used throughout the APE ecosystem to empower and incentivize a decentralized neighborhood improvement on the forefront of web3.
APE  Coin is the native token of the Bored Ape Yacht Membership (BAYC) ecosystem, the movie star NFT assortment that provides house owners unique membership. Cuban as soon as said that he holds APE tokens, although he’s not a fan of the BAYC land sale. He labeled buying actual property in a metaverse “Tremendous, mega, immaculately dumb.”

2. Blockto (BLT)

Blockto is a cross-chain sensible contract pockets service that Cuban invested in, in 2021. He’s a strategic adviser to the undertaking, which allows folks to entry crypto, NFTs, and dApps on Move (FLOW), Solana (SOL), Binance Sensible Chain (BSC), Polygon (MATIC), Avalanche (AVAX), Ethereum (ETH) and Tron (TRON) blockchains.

3. Injective Protocol (INJ)

Injective is a great contract crypto that’s aimed toward constructing highly effective DeFi purposes. The decentralized protocol has superior options like margin and derivatives buying and selling and operates throughout numerous blockchains.

4. Alethea Synthetic Liquid Intelligence Token (ALI)

Alethea intends to construct an clever and decentralized metaverse populated by interactive and clever NFTs (iNFT). Cuban says integrating AI into NFTs to construct “digital people” might result in some distinctive purposes.

5. Ocean Protocol (OCEAN)

As a blockchain-based ecosystem, Ocean Protocol permits people and companies to unlock the worth of their information effectively and monetize it through ERC-20-based information tokens.
Ocean Protocol permits publishers to monetize their information whereas sustaining privateness and management; however, customers can now entry beforehand unavailable or hard-to-find datasets.

Mark Cuban’s Cryptocurrency Advise

Although the FTX collapse has left many crypto buyers in a state of shock and shaken their religion within the crypto trade, Mark Cuban nonetheless believes in crypto. One of many the reason why Cuban has continued together with his crypto investments is as a result of he trusts sensible contracts. That is in line with his November 13 Twitter post, the place he mentioned that he has invested in crypto as a result of he believes Sensible Contracts can have a big affect in creating priceless purposes. Cuban additional said that the worth of a token is obtained from the purposes that function on its platform and the utility they create.

When Cuban was requested what cryptocurrency he would recommend for novice buyers, he picked Bitcoin, Ether, and Dogecoin as an important crypto asset for funding. In a “The Downside With Jon Stewart” podcast, Cuban mentioned that he invested 80% of his current investments outdoors of Shark Tank into crypto property.

Priyanka at the moment covers the newest developments within the crypto market, NFTs, Metaverse, ICOs, and Blockchain. She likes writing research-based, informative articles for buyers, particularly those that are new available in the market. She holds MBA and is at the moment dwelling deep into the crypto market.
Priyanka studied journalism on the Indian Institute of Mass Communication, New Delhi, and began her profession as a journalist in an English day by day, “The Pioneer.” She has over 5 years of expertise. Throughout this time, she was additionally related to political consultancy corporations corresponding to IPAC and labored on governance-related points. Later, Priyanka developed a powerful curiosity in finance, and whereas she was finishing her MBA, she labored as an analyst in a famend fairness analysis agency. Having coated world equities, IPOs, ASX 200, commodities to market shifting tales throughout North America, she realized there may be way more to discover. It was then she determined to get into the crypto market.

The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty in your private monetary loss.



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