The collectibles sold for over $5,000 in the cryptocurrency ETH
(WorldFrontNews Editorial):- Los Angeles, California Jan 31, 2021 (Issuewire.com) – Mark Cuban has released 5 digital collectibles on Mintable, a blockchain based marketplace.
The collectibles, titled “MavsSunsGameDayExperience This is what basketball should look like” was released as a series of 5 collectibles all priced at roughly $1,000 a piece. As of this writing, all 5 have been sold out – earning the billionaire roughly $5,000 – a drop in the bucket for him. But more importantly, it was earned in ETH, the cryptocurrency for the Ethereum Blockchain.
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Mark Cuban is an avid fan of Ethereum, going as far to tweet about the technology and projects based on that blockchain many times. Looking through the public blockchain, many people are able to see exactly how much cryptocurrency he has, and spoiler, its a lot of money.
The Digital Collectibles
These collectibles being on Mintable.app means that not only does the buyer get ownership of this digital item via the blockchain technology, but they get to access a rare, full resolution file of the collectible, which only the buyer can access.
Many skeptics of digital collectibles (NFTs or non-fungible tokens) ask themselves why would they spend $1,000 on a video – but Cuban doesn’t see it that way.
Mark Cuban Embracing Blockchain
These digital collectibles are not the first time Cuban has embraced the decentralized world running on blockchain.
In a series of Twitter posts this month, he mentioned the Dot-com bubble in reference to cryptocurrencies, suggesting that Bitcoin, Ethereum, and a few other currencies could “be analogous” to the long-term winners of the era.
He also warned that “many fortunes will be made and lost.”
He then caught the attention of many in the crypto space by mentioning Aave, a DeFi lending protocol running on Ethereum. Though Aave is one of the most used DeFi protocols, it’s still relatively unknown outside of core crypto enthusiasts.
He went on to reveal that he owns and uses cryptocurrencies. “I don’t think people realize I try to test and use all this stuff and have for years,” he said.
This article was originally published by IssueWire. Read the original article here.