Mark Cuban is a well-known name in the crypto world. The serial investor and billionaire ventured into the world of entrepreneurship at the age of 12 by selling trash to his neighbors. However, Cuban’s public persona as a startup investor came to light after he became part of the hit season 2 investment show Shark Tank.
Apart from being an American billionaire entrepreneur, Mark Cuban is also a television personality and media owner. In this article, we will discuss in detail who Mark Cuban is and the main crypto investments of the Shark Tank investor.
Who is Mark Cuban?
Mark Cuban (64) was born on July 31, 1958 in Pittsburgh (USA). In 1995, Cuban co-founded the Internet audio and video streaming service Broadcast.com. A longtime basketball fan, Cuban also acquired the Dallas Mavericks from the National Basketball Association (NBA) and appeared regularly on the reality TV show Shark Tank. Growing up in Mount Lebanon, a suburb of Pittsburgh, Cuban showed an affinity for business from an early age.
While in his junior year of high school, Cuban began taking night classes at the University of Pittsburgh (Pitt), and used those credits to graduate from high school. After his freshman year at Pitt, he moved to Indiana University (IU) to earn a business degree. After graduating in 1980, he moved back to Pittsburgh to briefly work for Mellon Bank.
In 1995, Mark Cuban and Todd Wagner founded AudioNet (later Broadcast.com). The company offered several live programs online. It was wildly successful, going public in 1998 and being sold to Yahoo the following year for about $5.7 billion.
This deal made Cuban a billionaire and he started buying several companies from different fields. In 2003, Wagner and Cuban founded 2929 Entertainment. Cuban’s other ventures included online pharmacy Cost Plus Drugs (2022), which sold prescription drugs at a lower price. He also invested in several start-ups and in 2011 appeared in Shark Tank, a reality TV show where entrepreneurs present inventions to a panel of potential investors.
Here are five crypto altcoins that Mark Cuban says he owns.
Highlight Cuban crypto investments
1. ApeCoin (APE)
ApeCoin is an Ethereum-based token used within the APE ecosystem to enable and drive decentralized community development at the forefront of web3.
APE Coin is the native token of the Bored Ape Yacht Club (BAYC) ecosystem, the famous NFT collection that gives owners an exclusive membership. Cuban once stated that he owns APE tokens, although he is not a fan of the BAYC land sale. He labeled buying real estate in a metaverse “Super, mega, impeccably stupid.”
Blockto is a cross-chain smart contract wallet service that Cuban invested in in 2021. He is a strategic advisor to the project, which gives people access to crypto, NFTs and dApps on Flow (FLOW), Solana (SOL), Binance Smart Chain (BSC), Polygon (MATIC), Avalanche (AVAX), Ethereum (ETH ) and Tron (TRON) blockchains.
3. Injective Protocol (INJ)
Injective is a smart contract crypto aimed at building powerful DeFi applications. The decentralized protocol has advanced features such as margin and derivatives trading and works on various blockchains.
4. Alethea Artificial Liquid Intelligence Token (ALI)
Alethea plans to build an intelligent and decentralized metaverse populated by interactive and intelligent NFTs (iNFT). Cuban says integrating AI into NFTs to build “virtual humans” could lead to some unique applications.
5. Ocean Protocol (OCEAN)
As a blockchain-based ecosystem, Ocean Protocol enables individuals and businesses to efficiently unlock and monetize the value of their data through ERC-20 based data tokens.
Ocean Protocol enables publishers to monetize their data while maintaining privacy and control; on the other hand, consumers now have access to previously unavailable or hard-to-find datasets.
Mark Cuban’s Cryptocurrency Advice
While the collapse of the FTX has shocked many crypto investors and shaken their faith in the crypto industry, Mark Cuban still believes in crypto. One of the reasons Cuban has continued his crypto investments is because he relies on smart contracts. This is according to his November 13 Twitter message, where he said he invested in crypto because he believes smart contracts will have a significant impact in creating valuable applications. Cuban further stated that the value of a token is obtained from the applications that run on his platform and the utility they create.
When Cuban was asked which cryptocurrency he would suggest for beginner investors, he chose Bitcoin, Ether, and Dogecoin as the top crypto assets for investment. In a “The Problem With Jon Stewart” podcast, Cuban said he had invested 80% of his recent investments outside of Shark Tank in crypto assets.
Priyanka is currently covering the latest developments in the crypto market, NFTs, Metaverse, ICOs and Blockchain. She enjoys writing research-based, informative articles for investors, especially those new to the market. She has an MBA and is currently deep into the crypto market. Priyanka studied journalism at the Indian Institute of Mass Communication, New Delhi, and started her career as a journalist for the English daily newspaper ‘The Pioneer’. She has more than five years of experience. During this time she was also associated with political consultancies such as IPAC and worked on governance related issues. Later, Priyanka developed a strong interest in finance, and while completing her MBA, she worked as an analyst at a reputable stock research firm. After discussing global stocks, IPOs, ASX 200, commodities and moving stories in North America, she realized there was much more to discover. It was then that she decided to enter the crypto market.
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