Celebrity billionaire Mark Cuban unloaded several dormant non-fungible tokens (NFTs) within a few days. Over the weekend and on, Cuban sold a total of 14 NFTs, with the most valuable being “Pudgy Penguin” token priced at nearly $31,000 worth of Ethereum (ETH), according his OpenSea profile. The billionaire also listed two unsold NFTs, including an “MFFL” valued at over $51,000 and a “Deuteronomy 25:4” token valued at over $17,, making it the second-largest crypto asset.
Prior to this past weekend, Cuban’s recent NFT activity on OpenSea was token sales nearly 2.5 years ago. The Shark Tank star had previously expressed optimism about the industry mentioned in an interview with Forbes in 2022 that NFTs offer significant opportunities in the industry.
“NFT is books; I think particularly textbooks. Now whether we can get textbook publishers to agree is another question but just the idea of kids buying books for class…the whole process of buying books,” said Cuban. “First you want new or used? Then you lug all these books then end-of-the-semester — because they’re only good for when you’re going to school — you decide ‘Yeah I’m gonna sell off somewhere. How do I sell it?’ Do I ship it? Am I taking it back to a?’ It’s just one pain point that’s utterly ridiculous in digital world.”
With these NFT…NFT you to have royalties so that as this book gets resold again now the publisher and everybody else associated with this book get fixed royalties which means that publishers who create these textbooks can to earn money versus when they sell or resell physical book they hope these things fall apart so they can buy another one so I think there great utility there.”
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