Billionaire entrepreneur and investor Mark Cuban is investing in a non-fungible token (NFT) marketplace.
In a new tweet, digital items trading platform Mintable reveals that the Shark Tank star is an official investor in their project.
Mintable’s marketplace allows users to mint, buy and sell multiple types of Ethereum (ETH) backed NFTs, including visual art, music, videos, and game items.
Cuban recently told CNBC that he believes the impact of NFT technology is “real, and permanent.”
“This is like the early internet days all over again. I think [NFTs are] going to be huge.”
NFT art continues to stun those in and out of the sector, with many selling for sky-high prices. However, Cuban believes that as the nascent market develops prices will level out.
“…As more entrants come into the [NFT] market, it will become more efficient and the pricing will settle down.”
In the past few months, the billionaire investor has become increasingly supportive of the crypto space, publicly showing enthusiasm for the sector. Cuban’s Dallas Mavericks NBA team now accepts Bitcoin (BTC), Bitcoin Cash (BCH), USD Coin (USDC), Paxos (PAX) and Binance USD (BUSD) as payment.
Details on Cuban’s partnership with Mintable haven’t been disclosed, but the NFT marketplace says they are preparing to reveal more information regarding their upcoming seed investment round in the near future.
“We are super happy to have been supported by such a great businessman and forward thinker.
We will be announcing more about our seed round in the coming weeks, but we are looking forward to a very great year of 2021 for NFTs and Mintable!”
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