NFTs
Mark Cuban is selling a portion of his NFTs
For the first time in two years, Marcos Cubano is selling part of its collection of non-fungible tokens — and he’s already earned a little over $39,000.
From June 22nd to 24th, the billionaire sold several of his 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 has been a collector of virtual tokens for a long time and still has almost 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 could net nearly $100,000 from selling his NFTs, the average collector or investor might not earn a similar windfall if they sell their own.
Like other physical collectibles, such as 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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