NFTs
Mark Cuban is getting rid of some of his NFTs — one has already sold for more than $30,000 – NBC Los Angeles
For the first time in two years, Cuban Mark is selling part of his collection of non-fungible tokens – and he’s already earned just over $39,000.
From June 22nd to 24th, the billionaire sold several of its NFTs on OpenSea, the world’s largest NFT and crypto collectibles marketplace, for prices ranging from around $23 to several thousand dollars. Most notably, he sold his Pudgy Penguin NFT for $30,950.
Cuban could raise even more money from his digital collectibles. He’s selling his Hashtag #MFFL NFT for 15 ETH, which would be worth about $52,043, and his Deuteronomy 25:4 Bible NFT for 5 ETH, which would be worth about $17,347, on July 1.
Cuban is a long-time collector of virtual tokens and still has nearly 1,600 items in his collection. cryptocurrency portfolio.
In 2022, he said NFTs were your gateway in the cryptocurrency world. They introduced him to other web3 innovations such as smart contracts, which are digital contracts that operate according to “if/then” commands; if X, then perform Y.
However, it is important to note that Cuban NFT sales are not the norm.
While he can raise nearly $100,000 by selling his NFTs, the average collector or investor may not earn similar windfall profits if he sells his own.
Like other physical collectibles like comic books or postage stamps, NFTs can have sentimental value to the collector. But ultimately, they’re only worth what the next collector is willing to pay for them, which can be difficult to predict.
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