Nfts
Mark Cuban Sells Some of His NFTs
For the first time in two years, Marc Cuban sells part of his collection of non-fungible tokens — and he’s already won a little over $39,000.
From June 22 to 24, the billionaire sold several of his NFTs on OpenSea, the world’s largest NFT and cryptocurrency marketplace, for prices ranging from around $23 to several thousand dollars. He notably 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 stash. 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 contracts, which are digital contracts that operate on “if/then” commands; if X, then run Y.
However, it is important to note that Cuban’s NFT sales are not the norm.
Although they can raise almost $100,000 by selling their NFTs, the average collector or investor may 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, their value is only as good as whether the next collector is willing to pay for them, which can be difficult to predict.
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