Nfts
Billionaire Mark Cuban Suddenly Sells Over a Dozen NFTs in Just Two Days, Lists Two More for Sale
Celebrity billionaire Mark Cuban sold more than a dozen non-fungible tokens (NFTs) in a matter of days after leaving them dormant for years.
Cuban sold a total of 14 NFTs over the weekend and Monday, the most valuable of which is a “Chubby penguin” token that sold for nearly $31,000 worth of Ethereum (ETH), according to OpenSea, the Shark Tank star profile.
The billionaire also listed two NFTs for sale that have yet to be purchased, including an “MFFL” token worth over $51,000 worth of ETH and a “Deuteronomy 25:4” token worth more than $17,000 from the second largest. crypto asset.
Before this weekend, Cuban’s most recent NFT activity on OpenSea was a token sale almost 2.5 years ago. The Shark Tank star has previously expressed optimism in the industry, saying in an interview in 2022 with Forbes that NFTs present a huge opportunity in the book publishing industry.
“NFTs as books, I am thinking in particular of school textbooks. Now, whether or not we’ll be able to convince textbook publishers to support us is another question, but the idea of kids buying books for classes… The whole process of buying books.
First of all, do you want new or used? Then you bring those books back, and then at the end of the semester — because they’re only good for the time you’re in class — you make the decision, “Yeah, I’m going to sell it.” How can I sell it? Should I ship it? Do I take it to the bookstore? It’s just a pain in the ass and in a digital world, it’s ridiculous.
“With these NFTs, NFTs allow for royalties to be applied so that when that book is resold, the author, the publisher, and anyone else involved can get a fixed royalty. That means that the publishers who created the book can continue to get paid, whereas when a physical book is sold and resold, they have to hope that that book falls apart, so they can sell a new one. So I think that’s a great application.”
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