Nfts
Marc Cuban’s crypto wallet wakes up with NFT sales
After nearly two years of inactivity, a crypto wallet associated with billionaire Marc Cuban has resumed sales non-fungible tokens (NFT). Mark Cuban is a major personality in the NFT spacewhich further exacerbates the seriousness of its sale.
On June 23, the wallet identified by the Ethereum Name Service (ENS) domain “markcuban.eth » started offloading various NFTs, including EulerBeats Genesis, DeepBlack, Pudgy Penguins and Wrapped MoonCats. The wallet’s previous transaction took place on January 13, 2022, when a Roc Aero Pitch Deck NFT was sold for $33.73.
Over the past two days, the Cuban wallet has sold 14 NFTs, for a total of approximately $38,533. The most valuable sale was Pudgy Penguin #6239, listed at 9.06 Wrapped Ether (WETH), the equivalent of $30,578. Other NFTs sold had a value between $22 and $1,800.
High value-added sales potential
Two additional high-value NFTs remain listed in the wallet. An #MFFL Hashtag NFT costs 15 Ether (ETH), worth over $50,000, while a BibleNFT item titled Deuteronomy 25:4 is listed for 5 ETH (approximately $16,000). If sold, these transactions would bring total portfolio sales beyond $100,000.
Interestingly, this NFT sale coincides with a recent security breach reported by Cuban. On June 23, the 65-year-old investor claimed his Gmail account had been compromised following a fraudulent call. Cuban warned his followers about potential unauthorized emails coming from his account. Two days later, he announced the successful recovery of his account, publicly thank the Google team.
A thank you to @Google for your help in recovering my account. I really appreciate everything you’ve done.
– Mark Cuban (@mcuban) June 24, 2024
Although the NFT sales occurred on the same day as the reported hack, it remains unclear whether the two events are related. This is not the first time that Cuban crypto assets have faced security concerns.
Who is Mark Cuban?
Mark Cuban is a prominent American entrepreneur, investor and media owner. Born in 1958 in Pittsburgh, Pennsylvania, Cuban rose to prominence in the business world during the dot-com boom of the late 1990s. He co-founded Broadcast.com, an Internet radio company, which later was bought by Yahoo! for $5.7 billion in 1999.
Following his success with Broadcast.com, Cuban diversified his investments and business interests. He owns the NBA’s Dallas Mavericks, which he purchased in 2000, and has since transformed the team into a successful franchise. Cuban is also known for his role as a “shark” investor on the popular television show “Shark Tank,” where he evaluates and invests in startups.