KEY POINTS
Mark Cuban, the well-known American businessman and television personality, is selling some of his non-fungible token (NFT) holdings.
Recent activity from Cuban’s OpenSea wallet shows significant sales, including a Pudgy Penguin — #6239 — which sold for 9.06 ETH, approximately $30,600.
Further notable sales were recorded yesterday. One of these involved the #MFFL NFT, which stands for “Mavs Fan For Life.” This NFT is dedicated to the Dallas Mavericks, the basketball team for which Cuban was the former principal owner and is currently a minority owner.
The #MFFL NFT, created by Proof of Culture, is part of a series of 9,999 collectible hashtag-inspired pieces aimed at preserving modern culture. It sold for 15 ETH, equivalent to over $50,600.
Another significant transaction involved Deuteronomy 25:4 by BibleNFT, which sold for 5 ETH, over $16,800.
Including other minor sales over the past two days, Cuban’s total earnings from these NFT transactions exceed $100,000.
It remains unclear whether Cuban intends to liquidate all his NFT assets, a move that would be surprising given his sustained interest in the field.
In June 2023, he released his book as an NFT. The book, titled “How to Win at the Sport of Business: If I Can Do It, You Can Do It,” was minted on the Polygon blockchain and distributed through Book.io, a multi-chain Web3 marketplace specializing in decentralized eBooks and audiobooks.
In November 2023, Cuban garnered attention again by exploring the use of blockchain and NFTs to innovate the real estate sector. He proposed the use of smart contracts on ZK-rollup to streamline urban development.