Nfts
Mark Cuban sells part of his NFTs
Cuban could make even more money for his digital collectibles. He’s selling his #MFFL Hashtag 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, 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 its 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 NFT sales in Cuba 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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