5 Crypto Projects Mark Cuban Loves – The Motley Fool

5 Crypto Projects Mark Cuban Loves – The Motley Fool

Entrepreneur Mark Cuban may have arrived relatively late to the crypto party, but he’s certainly made his presence felt.

Cuban is a big fan of non-fungible tokens (NFTs) and decentralized finance (DeFi) applications. Both are powered by smart contracts — small pieces of self-executing code that live on the blockchain.

NFTs are a type of digital collectable that uses smart contracts to store authorship and copyright information. DeFi encompasses a host of financial service applications. These applications use smart contracts to, for example, issue loans or insurance policies without involving a bank or other third party.

The billionaire and Dallas Mavericks owner spends three to four hours a day looking through crypto projects, but only selects a few to invest in. Here are some of his favorite projects.

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