Opinion

The Shark Tank Star , Mark Cuban Includes These Altcoins In His Portfolio !

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Jan 16, 2022

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Mark Cuban, the Shark Tank star and millionaire, has revealed his crypto portfolio, which includes various non-fungible tokens (NFTs) and Ethereum-based altcoins (ETH). 

The 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 are among Cuban’s top cryptocurrency holdings, according to ETH search engine EtherScan (AUDIO).

On the social crypto collectable platform Lazy, the business magnate has also made a piece of his crypto wallet public and is showing off his NFT collection. 

NFTs built on ETH competitors Solana (SOL) and Polygon (MATIC), as well as ETH itself, are among Cuban’s holdings. 

In a recent interview with comedian Jon Stewart, Cuban revealed that crypto assets have accounted for 80 percent of his non-Shark Tank investments, since he feels that younger generations are more inclined to incorporate cryptocurrency into their company strategies.

“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 not a speculative investment and that he believes decentralised cryptocurrencies will have serious economic applications in the future. 

He says, forget about all the Bitcoin and Dogecoin speculation you’ve heard about. Set that aside; it’s just the stock market gamesmanship at work.

He further continued that, a decentralised autonomous organisation (DAO) is one that operates without a central authority. Everything is decentralised and untrustworthy.

We define trustless as a situation in which no management group, board of directors, or CEO is making decisions. As a result, everyone who owns a token in that application has an equal, if not always equal, but typically equal vote in determining the hull’s, or network’s, direction. That is where he wants to invest because it is changing decision-making.

As a result, everyone who owns a token in that application has an equal, if not always equal, but typically equal vote in determining the hull’s, or network’s, direction. That is where I want to invest because it is changing decision-making.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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