Crypto Companies Backed By Shark Tank Investor
In the crypto world, Mark Cuban is a well-known name. The investor and billionaire got his start in business when he was 12 years old and sold garbage to his neighbours. But Cuban’s reputation as a startup investor became known to the public when he joined the hit investment show Shark Tank in Season 2.
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Mark Cuban is an American businessman who has made a billion dollars. He is also a TV personality and owns media. In this article, we’ll talk in depth about who Mark Cuban is and what his best crypto investments are.
About Mark Cuban:
Mark Cuban, who is 64 years old, was born in Pittsburgh on July 31, 1958. (U.S.) In 1995, Cuban helped start Broadcast.com, an online service for streaming audio and video. Cuban has been a fan of basketball for a long time. He bought the National Basketball Association (NBA) team Dallas Mavericks and often appeared on the reality TV show Shark Tank. Cuban grew up in Mt. Lebanon, which is a suburb of Pittsburgh. He was interested in business from a young age.
Cuban started
Cuban started taking night classes at the University of Pittsburgh (Pitt) when he was a junior in high school. He used the credits he earned there to finish high school. After his first year at Pitt, he moved to Indiana University (IU) to get a business degree. After he finished school in 1980, he moved back to Pittsburgh and worked for Mellon Bank for a short time.
Mark Cuban and Todd Wagner set up AudioNet in 1995. (which later became Broadcast.com). The company had a variety of live online shows. It was a huge success and went public in 1998. The next year, it was sold to Yahoo for about $5.7 billion.
Cuban became a billionaire because of this deal, and he then bought several companies in different fields. In 2003, Cuban and Wagner started 2929 Entertainment with other people. Cuban’s other businesses include Cost Plus Drugs (2022), an online pharmacy that sold cheaper prescription drugs. He also put money into different start-ups, and in 2011 he started appearing on Shark Tank, a reality TV show where entrepreneurs pitch their ideas to a panel of potential investors.
Crypto investments made by Mark Cuban
ApeCoin (APE) (APE)
ApeCoin is a token based on Ethereum that is used in the APE ecosystem to support and encourage the development of a decentralised community at the forefront of web3.
APE Coin is the native token of the Bored Ape Yacht Club (BAYC) ecosystem, which is a collection of celebrity NFTs that give owners access to a private club. Cuban has said in the past that he owns APE tokens, but he doesn’t like the BAYC land sale. He said it was “super, mega, immaculately stupid” to buy property in a metaverse.
Blockto (BLT) (BLT)
Cuban put money into Blockto in 2021. Blockto is a smart contract wallet service that works across chains. He is a strategic adviser for the project, which lets people access crypto, NFTs, and dApps on the Flow (FLOW), Solana (SOL), Binance Smart Chain (BSC), Polygon (MATIC), Avalanche (AVAX), Ethereum (ETH), and Tron (TRON) blockchains.
Injective Protocol (INJ)
Injective is a smart contract cryptocurrency that is used to make strong DeFi apps. The decentralised protocol has advanced features like trading on margin and derivatives, and it works on multiple blockchains.
Alethea Artificial Liquid Intelligence Token (ALI): Alethea wants to build a smart, decentralised metaverse full of smart, interactive NFTs (iNFT). Cuban says that adding AI to NFTs to make “virtual humans” could have some interesting uses.
Ocean Protocol (OCEAN)
Ocean Protocol is a blockchain-based ecosystem that makes it easy for people and businesses to find the value in their data and make money from it using ERC-20-based data tokens.
Ocean Protocol lets publishers make money off of their data without giving up privacy or control. On the other hand, users can now access datasets that were previously unavailable or hard to find.
Advice from Mark Cuban on Cryptocurrencies
Mark Cuban still believes in crypto, even though the collapse of FTX has shocked many crypto investors and shaken their faith in the crypto industry. Cuban has kept investing in crypto because he trusts smart contracts, which is one reason why he hasn’t stopped. This is what he said in a tweet on November 13. He said he had invested in crypto because he thinks Smart Contracts will have a big impact on making valuable apps. Cuban also said that a token’s value comes from the applications that run on its platform and the usefulness they create.
When asked which cryptocurrencies he would recommend to new investors, Cuban said that Bitcoin, Ether, and Dogecoin were the most important ones to buy. Cuban said in a podcast called “The Problem With Jon Stewart” that 80% of his recent investments outside of “Shark Tank” were in crypto assets.
Source: Google Trend