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Mark cuban defi coins1/2/2024 The wallet had 70 tokens in total: 66 ERC-20 standard tokens and 4 ERC-721 standard tokens. Steven Zheng, a member of The Block’s research team, found Mark Cuban’s wallet. 28, he released his limited edition NFT titled The RollUp 2021 on the Rarible marketplace. Apart from this, the Cuban portfolio of investments also includes DeFi companies and the NFT platform. Mark Cuban is no stranger to the world of NFTs. "There's some I for fun, some I do for experience, because I just want to learn," Cuban added.ĭisclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank. Cuban’s recent investment is in the Polygon blockchain network that offers Layer 2 scaling solutions for the Ehereum that focuses on solving the network congestion issues and scalability of the Ethereum network. Cuban said at the time that the purchase was meant to be "fun and educational" for his son, while also helping Cuban learn more about the space. In February, Cuban bought a small amount of dogecoin, a cryptocurrency that started as a joke, for his 11-year-old son, Jake. "I wish I had bought it sooner, but I started buying it four years ago, simply because I think it's the closest we have to a true currency."Ĭuban hasn't specifically named the rest of the cryptocurrencies he owns that represent the remaining 10%, but "there's none that I'm just all in on, other than bitcoin and Ethereum, that I look at as being an equivalent investment," he said. "That is more life-like, and so, I have a lot of Ethereum as well," Cuban said. He sees Ethereum as "adaptable over time" because developers can iterate and improve its capabilities, he said. That's why it's a lot like the internet." "Smart contracts came along, and that created DeFi and NFTs. Last night, billionaire investor Mark Cuban said he was hit by the sudden collapse of a cryptocurrency called TITAN the token shed nearly 100 of its value over the course of a few hours. "What really changed everything was smart contracts," Cuban said. In cryptocurrency, smart contracts are collections of code that carry out a set of instructions and run on the blockchain. Billionaire and NBAs Dallas Mavericks owner Mark Cuban, known to be a decentralized finance (DeFi) aficionado and a high-tier investor, admitted becoming lazy. "That's why I own bitcoin and why I never sold it."Ĭuban is also very interested in Ethereum - the blockchain where ether, the second largest cryptocurrency below bitcoin, is built - mainly due to the smart contracts that run on it. I found his wallet address through his NFT. In 2012, "people said bitcoin is a currency, and I'm like, 'It's just not going to work.' But, the entire time, I said it was a store of value where, if you could get people to believe that it was a better alternative than gold, because of its algorithmic scarcity, the price is going to go up," he said.Īccording to Cuban, bitcoin is "a better alternative to gold, and it's going to continue ," he said. Mark Cuban has been DEEP in the DeFi space lately, buying tokens, staking his coins, and actually USING these DeFi protocols for their intended purpose. However, the investor did say recently that if DeFi and BTC evolve together in a manner that allows Bitcoin to effectively be a bank account without the bank, then that would create utility for the world’s largest cryptocurrency.Bitcoin, created in 2009, is the largest cryptocurrency by market value, but is appealing to Cuban as a store of value rather than a currency. What is also of note is that while his portfolio revealed his interest in DeFi, Cuban remains skeptical about the narrative around Bitcoin, with the tech investor claiming that it is “nothing more than a store of value.” I definitely got my share of shitcoins lol. “I definitely got my share of shitcoins,” he quipped on Twitter, in reference to the numerous DeFi tokens in his portfolio. As is the case in the world of transparent ledgers, most of the community was quick to analyze all of Cuban’s holdings. In fact, the investor’s Ethereum wallet address was first identified after users recognized the account that funded his Rarible address. Mark Cuban’s portfolio also includes positions in ETH and SUSHI, positions that had many DeFi users excited. The aforementioned finding comes at a unique time, especially since AAVE’s price has surged by over 50% in the past week alone, trading at $291, at the time of writing. Interestingly, post his initial comment on the gas fees, AAVE had responded to Cuban’s comments by stating, “See you on Layer 2.” It should be noted here that the DeFi protocol recently implemented its Layer 2 solution on the Matic Network. This is an interesting finding, especially since in the past, Cuban has expressed some concerns over the gas fees on the network, calling it “crazy expensive.” I’ve never sold anything.”Īs can be inferred from the aforementioned snapshot, the tech investor has staked over $128,000 worth of AAVE. “I still have crypto from the early days of Coinbase. Mark Cuban was in the news earlier this month after he revealed that he has been a long-time crypto-investor, with Cuban going on to comment,
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