Billionaire Mark Cuban investing in a new cryptography project centered on the growing NFT space

Billionaire businessman and investor Mark Cuban is investing in a non-fungible token (NFT) market.

In a new tweet, the digital item trading platform Mintable reveals that the Shark Tank star is an official investor in his project.

The Mintable market allows users to coin, buy and sell various types of NFTs supported by Ethereum (ETH), including visual art, music, videos and game items.

Cuban recently told CNBC that he believes the impact of NFT technology is “real and permanent”.

“This is like the first days of the Internet again. I think that [NFTs are] it’s going to be huge. “

The NFT art continues to impress those inside and outside the industry, with many of them being sold at very high prices. However, Cuban believes that, as the nascent market develops, prices stabilize.

“… As more participants enter the [NFT] market, it will become more efficient and prices will be established ”.

In the last few months, the billionaire investor has become increasingly favorable to crypto-space, publicly demonstrating his enthusiasm for the sector. NBA Cuban team Dallas Mavericks now accepts Bitcoin (BTC), Bitcoin Cash (BCH), USD Coin (USDC), Paxos (PAX) and Binance USD (BUSD) as a form of payment.

Details on Cuban’s partnership with Mintable were not released, but the NFT market it says they are preparing to reveal more information about their next round of seed investments in the near future.

“We are very happy to have been supported by such an avant-garde entrepreneur and thinker.

We will be announcing more about our seed round in the coming weeks, but we are looking forward to a great year of 2021 for NFTs and Mintable! “

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. We inform you that your transfers and trades are at your own risk, and any losses that you may incur are your responsibility. Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock / Elena11

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