Nfts
Mark Cuban Offloads Some of His NFTs, Including One Already Sold for Over $30,000 – NBC Los Angeles
For the first time in two years, Marc Cuban sells part of his collection of non-fungible tokens — and he’s already won just over $39,000.
From June 22 to June 24, the billionaire sold several of his NFTs on OpenSea, the world’s largest marketplace for NFT and crypto collectibles, for prices ranging from around $23 to several thousand dollars. Most notably, he sold his Pudgy Penguin NFT for $30,950.
Cuban could make even more money from his digital collectibles. He is selling his NFT with the hashtag #MFFL for 15 ETH, which would be around $52,043, and his NFT with the Bible Deuteronomy 25:4 for 5 ETH, which would be around $17,347, as of July 1.
Cuban is a long-time collector of virtual tokens and still has nearly 1,600 items in his collection. cryptocurrency wallet.
In 2022, he said NFTs were his gateway in the world of cryptocurrency. They introduced him to other web3 innovations such as smart contractswhich are digital contracts that operate on “if/then” commands; if X, then execute Y.
However, it is important to note that Cuban’s NFT sales are not the norm.
While he could make close to $100,000 selling his NFTs, the average collector or investor might not make a similar windfall if they sell theirs.
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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