Mark Cuban is selling a portion of his NFTs, including one that fetched over $30,000.
Mark Cuban has sold a portion of his non-fungible tokens collection for the first time in two years, earning over $39,000.
Between June 22 and June 24, the billionaire disposed of some of his NFTs on OpenSea, the leading NFT and crypto collectible marketplace, for prices ranging from approximately $23 to several thousands of dollars. Notably, he sold his Pudgy Penguin NFT for $30,950.
Cuban could potentially earn more money for his digital collectibles. He is currently selling his #MFFL Hashtag NFT for 15 ETH, which is equivalent to approximately $52,043 dollars, and his Deuteronomy 25:4 Bible NFT for 5 ETH, which is equivalent to approximately $17,347, as of July 1.
Cuban's cryptocurrency portfolio contains nearly 1,600 virtual tokens.
In 2022, he stated that NFTs served as his entry into the realm of cryptocurrency. Through NFTs, he was exposed to other web3 advancements, including smart contracts, which are self-executing digital contracts that adhere to "if/then" conditions.
Cuban's NFT sales are not typical.
If he sells his NFTs, he may earn nearly $100,000, but the average collector or investor may not achieve a similar profit if they sell their own.
NFTs, like comic books or postage stamps, may hold sentimental value to collectors. However, their worth is determined by the next collector's willingness to pay, which can be unpredictable.
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