Billionaire Mark Cuban is laying out his latest altcoin picks as the crypto markets push through and continue to show signs of life.
In a new interview with Altcoin Daily, the Shark Tank investor tells hosts Aaron and Austin Arnold about half a dozen low-cap crypto assets in his portfolio, including Bored Ape Yacht Club (BAYC) offshoot ApeCoin (APE).
One of the altcoins on Cuban’s portfolio is Klima DAO (KLIMA).
Klima DAO is a project designed to enable users to participate in the carbon market through its KLIMA token. According to the project’s website, one KLIMA is backed by at least one tonne of tokenized verified carbon offsets locked in the protocol’s treasury.
Cuban goes on to relate the complex process involved when trying to acquire carbon credits, noting,
“Right now it’s easier to buy a KLIMA token… and burn it and take the treasury back out and take that as an offset… The worst case, which is the way I also try to look at things, is I just burn them and based off their treasury, then I burn, I’ve offset X amount of tonnes of carbon.”
Another altcoin on Cuban’s list is Injective (INJ), a decentralized exchange that offers margin trading, derivatives and other services on an extensive cross-chain platform.
“I still like Injective. I still think perpetuals have a real opportunity. It’s not an easy business, but they have a chance.”
Cuban is also keen on Alethea Artificial Liquid Intelligence Token (ALI). ALI is designed to bring science fiction visuals and concepts to the metaverse through its unique proposition of an intelligent NFT, referred to as iNFT, which can be trained to upgrade its intelligence level.
“Alethea, if you can start integrating AI into NFTs, able to create some ‘virtual humans’ that have different properties. You can have some fun with that and unique applications.”
The investor says he’s also tracking Ocean Protocol (OCEAN), which seeks to aggregate and monetize user data.
“OCEAN for packaging data, for buying and reselling it so there’s ongoing rewards to the people who originate the data. They haven’t really executed as well as I would have liked, but that’s the concept.”
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