Key Takeaways
- Mark Cuban has created his personal NFT in an version of 10.
- One purchaser spent 65 ETH on two editions, earlier than burning one.
- Cuban has just lately mentioned utilizing DeFi and cryptocurrencies.
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Mark Cuban has launched 10 editions of his first NFT. Inside hours, a purchaser purchased two for roughly $81,000.
Mark Cuban Joins NFT Hype
Mark Cuban, the billionaire entrepreneur and famend investor, has created his personal non-fungible token (NFT).
Titled “The RollUp 2021,” the digital artwork piece was launched in an version of 10 on the NFT market Rarible final night time.
It options Cuban sporting a Dallas Mavericks shirt.
Look what I discovered! The RollUp 2021 collectible https://t.co/EexbU3DNFy #rarible #ethereum #nonfungible #digitalasset #nft through @rariblecom
— Mark Cuban (@mcuban) January 27, 2021
Cuban is the proprietor of the Dallas Mavericks. He’s additionally identified for showing on the favored ABC tv sequence Shark Tank.
The NFTs had been initially listed for a value of 0.02 ETH every, round $26 at present costs.
Given the latest hype surrounding the NFT area, they had been shortly snapped up at that value. Bidders pushed the costs up shortly after, with a number of editions promoting for between 7.5 and 11 ETH.
One purchaser, going by the identify 0x_b1 on Rarible, outbid the others by a long way. They bought two editions for 30 ETH and 35 ETH, price round $37,500 and $43,750, respectively (the value of ETH has elevated additional in the previous couple of hours). Cuban acquired 10% of the proceeds from every sale.
Not lengthy after, 0x_b1 burned one of many NFTs and shared the replace on Twitter.
9 has a greater ring to it @mcuban
+extra $RARIhttps://t.co/1ZYwj1g6up
— 0xB1AdceddB2941033a090dD166a462fe1c2029484 (@0x_b1) January 28, 2021
The burn transaction might be seen on-chain through Etherscan. By burning one version, the customer has made the NFT extra scarce, probably rising its long-term worth.
Mavericks Proprietor Embracing Web3
Quickly after Cuban posted his personal piece, many NFT creators transferred their very own items to his account, seemingly as a manner of drawing consideration to their collections. He’s now listed as the owner of a number of totally different types of digital artwork collectible.
The NFT sale isn’t the primary time Cuban has embraced the decentralized world operating on Web3.
In a series of Twitter posts this month, he talked about the Dot-com bubble in reference to cryptocurrencies, suggesting that Bitcoin, Ethereum, and some different currencies might “be analogous” to the long-term winners of the period.
He additionally warned that “many fortunes will probably be made and misplaced.”
He then caught the eye of many within the crypto area by mentioning Aave, a DeFi lending protocol operating on Ethereum. Although Aave is likely one of the most used DeFi protocols, it’s nonetheless comparatively unknown exterior of core crypto lovers.
He went on to disclose that he owns and makes use of cryptocurrencies. “I don’t suppose folks notice I attempt to take a look at and use all these things and have for years,” he stated.
Now that he’s made his first entry into the NFT area, there could possibly be extra Cuban-related crypto exercise on the horizon.
Disclosure: On the time of writing, the writer of this function owned ETH and AAVE, amongst a variety of different cryptocurrencies.
