Mark Cuban Is Quietly Accumulating Several Altcoins Built on Ethereum – Here’s a Look at the Billionaire’s Top Crypto Holdings
Shark tank star and billionaire Mark Cuban is revealing his crypto portfolio, which includes several non-fungible tokens (NFTs) and altcoins built on Ethereum (ETH).
According to ETH search engine EtherScan, Cuban’s top altcoin holdings include data exchange platform Ocean Protocol (OCEAN), cross-chain smart contract protocol Rarible (RARI), the governance token of the Olympus DAO (gOHM), and music streaming blockchain Audius (AUDIO).
The business magnate has also made a portion of his crypto wallet public and is showing off his NFT collection on the social crypto collectible platform Lazy.
In a recent interview with comedian Jon Stewart, Cuban reveals that 80% of his most-recent non-Shark Tank investments have been into crypto assets as he believes newer generations are very likely to incorporate cryptocurrencies into their business models.
“The investments I’m making now are not in traditional businesses, 80% of the investments I make not in Shark Tank are in and around cryptocurrencies.”
Cuban then tells Stewart that he’s less of a speculative investor and believes decentralized cryptocurrencies will have legitimate use cases in the business world moving forward.
“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.
A decentralized autonomous organization (DAO) basically says that there is no central organization. It’s all decentralized and trustless. What we mean by trustless is there’s not a management group or board of directors or a CEO making decisions…
And so everybody who owns a token in that application then has an equal, not always equal, but typically equal vote to set the direction of the hull, of the network. That is changing decision-making and that is where I look to invest.”
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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia