Shark investor Cuban reveals his ‘non-Shark’ crypto, NFT investments

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Shark investor and bil­lion­aire Mark Cuban con­firmed in a recent pod­cast that 80% of his ‘non-Shark’ mon­ey goes to vir­tu­al assets. The state­ment doesn’t come as a sur­prise as Cuban has been quite vocal about his love for cryp­tos since the beginning.

“80% of the invest­ments that I make that are not on Shark Tank, are in or around cryptocurrencies.”

He also noted,

“The invest­ments I’m mak­ing now are not in tra­di­tion­al businesses.”

It is note­wor­thy that last year, the tele­vi­sion personality’s NBA team, Dal­las Mav­er­icks, had announced a part­ner­ship with cryp­to plat­form Voy­ager. And, as part of his many oth­er cryp­to part­ner­ships, his brand also accepts Doge­coin for pay­ments. In this con­text, he also stated,

“Put aside all the spec­u­la­tion you read about with Bit­coin and Doge­coin, all that. Set that aside, that’s just the games­man­ship that’s played with stocks and everything.”

How­ev­er, in the lat­est pod­cast, he revealed that he has now been look­ing at decen­tral­ized autonomous orga­ni­za­tions (DAOs).

“Every token hold­er in that appli­ca­tion has a chance to set the direc­tion of the net­work, not always equal­ly, but typ­i­cal­ly equal­ly. That is real­ly where I look to invest.”

In the past, Cuban had also pre­dict­ed that DAOs could be lead to some “dis­rup­tive” busi­ness opportunities.

Along with that, Cuban is also bull­ish on smart con­tracts- The lifeblood of DAOs, DeFi, and NFTs. Mean­while, his NFT wal­let seems to be hold­ing col­lectibles built on Ethereum, Poly­gon, and Solana.

Inter­est­ing­ly, he does believe cryp­tocur­ren­cies might not be everybody’s cup of tea right now.

“[Cryp­tocur­ren­cy] is hard to under­stand and it’s a has­sle. But 10 years from now, there’s going to be those that suc­ceed. That will cre­ate its own economy.”

Here, it’s worth not­ing that recent­ly, the ser­i­al investor had joined the fund­ing round of Seat­tle-based fin­tech Seashell. An invest­ment com­pa­ny that looks to offer high yields by pro­vid­ing cryp­to-backed loans. Apart from that, in the past, Cuban had reit­er­at­ed that his BTC, ETH, and alt port­fo­lio is in the ratio is 60%, 30%, and 10% respectively.

To under­stand where he invests among alts, it’s inter­est­ing to look at Cuban’s sup­posed Ether­Scan address. The unmarked account seems to hold Ocean Pro­to­col (OCEAN), and Rari­ble (RARI), along with  Olym­pus DAO’s Gov­er­nance OHM (gOHM) token, and Audius (AUDIO) among oth­er alts.

 



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