Here’s What Billionaire Mark Cuban Checks Before Investing In A Blockchain Project – Coingape

Here’s What Billionaire Mark Cuban Checks Before Investing In A Blockchain Project – Coingape

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Mark Cuban, the billionaire investor and owner of NBA Team Dallas Mavericks has been recently in the news after announcing his latest investment in Indian blockchain startup Polygon. Over the last two years, Cuban has been very active in the crypto and blockchain space handpicking some tokens and interesting projects for investments.

Speaking to CNBC, the billionaire revealed a few of his secrets behind comparing different blockchain projects. For Cuban, one of the most important things in selecting a blockchain project is the implementation of smart contracts.

“Most people look at speed and cost compared to BTC [bitcoin] or ETH [ethereum]. While those things can be important, I look at blockchains as networks with development platforms via smart contracts,” he told the publication.

Previously, Cuban has been vocal about his like for blockchain projects like Ethereum. Besides, executing smart contracts, the Ethereum network also hosts decentralized finance (DeFi) applications as well as non-fungible tokens aka NFTs. Additionally, apart from hosting its native crypto Ether, the Ethereum blockchain hosts crypto tokens for several different projects.

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Billionaire Mark Cuban thus compares Ethereum to the internet. The blockchain can host different platforms, DeFi projects, social media sites, and much more. The Ethereum blockchain can perform a number of economic tasks and serves as a fully working infrastructure platform.

The Network Effect of Ethereum

Interestingly, Cuban also touches down the well-designed development and transactional ecosystem
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