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

Mark Cuban is a widely known identify 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 persona 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 persona and media proprietor. On this article, we are going to focus on intimately who Mark Cuban is and high 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 incessantly appeared on the truth 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 completely different dwell programming on-line. Massively profitable, it went public in 1998 and was bought 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 Price Plus Medication (2022), which bought prescribed drugs at a cheaper price. He additionally invested in several 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 traders.

Listed below 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 growth on the forefront of web3.
APE  Coin is the native token of the Bored Ape Yacht Membership (BAYC) ecosystem, the superstar NFT assortment that offers house owners unique membership. Cuban as soon as said that he holds APE tokens, although he isn’t 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 mission, which allows individuals to entry crypto, NFTs, and dApps on Circulate (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 functions. 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” may result in some distinctive functions.

5. Ocean Protocol (OCEAN)

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

Mark Cuban’s Cryptocurrency Advise

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

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

Priyanka at present covers the most recent developments within the crypto market, NFTs, Metaverse, ICOs, and Blockchain. She likes writing research-based, informative articles for traders, particularly those that are new out there. She holds MBA and is at present 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 every day, “The Pioneer.” She has over 5 years of expertise. Throughout this time, she was additionally related to political consultancy companies similar to IPAC and labored on governance-related points. Later, Priyanka developed a robust curiosity in finance, and whereas she was finishing her MBA, she labored as an analyst in a famend fairness analysis agency. Having lined world equities, IPOs, ASX 200, commodities to market transferring tales throughout North America, she realized there’s far more to discover. It was then she determined to get into the crypto market.

The offered 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 on your private monetary loss.