On January 29, Mark Cuban, the businessman and television personality, took to the X platform (formerly known as Twitter) to have a conversation with his audience and the crypto community online.<\/p>\n
The Ask Me Anything (AMA) session<\/a> asked about Cuban\u2019s thoughts on various crypto-related topics. Notably, his replies to the community suggested the importance of a project\u2019s utility for the Shark Tank investor.<\/p>\n When asked about his thoughts on crypto, Cuban stated \u201cI hate the speculation but love when there is utility,\u201d similarly replying to a different question about on-chain finance \u201cneeds new ideas with more utility.\u201d Additionally, he explained that Bitcoin\u2019s Layer 2 solution aimed at scaling \u201cdoesn\u2019t matter at all,\u201d and emphasized his belief that \u201cIt\u2019s applications with unique utility that matter.\u201d<\/p>\n Cuban believes blockchain technology<\/a> is here to stay but identifies two issues. The first concerns the existence of \u201ctoo many blockchains,\u201d and the second is the lack of an application that makes the technology \u201cindispensable\u201d for all generations.<\/p>\n For these reasons, the businessman thinks blockchain technology\u2019s future is in the air but reaffirms that \u201cit will always have a place.\u201d However, he doesn\u2019t consider blockchain security one of the biggest problems.<\/p>\n During the AMA session, the Shark Tank investor listed Polygon (MATIC), and Injective (INJ) as two projects he\u2019s interested in<\/a> outside the flagship cryptocurrency and the largest altcoin. When asked about his concerns on the project and growth of injective, Cuban said he didn\u2019t have any, but he hopes \u201cthey do well\u201d as he is an investor.<\/p>\n The Doge community took part in the questions, and Cuban admitted that he enjoys being part of the community. He also confirmed that The Dallas Mavericks continue to accept DOGE as a payment method.<\/p>\n I don\u2019t think about it<\/p>\n \u2014 Mark Cuban (@mcuban) January 29, 2024<\/a><\/p>\n\n Regarding non-fungible tokens (NFTs), the investor explained \u201cThey are a collectible in most cases but can be used for other things,\u201d and suggested that people should buy them to collect and not to speculate. Similarly, he expresses the challenges of selling these assets as he hasn\u2019t found \u201ca compelling aspect yet.\u201d<\/p>\n Similarly, Cuban indicated that he is \u201cnot a fan\u201d of tokenizing\u00a0assets<\/a>, such as sports teams and real estate, as he doesn\u2019t think it \u201cadds enough value.\u201d<\/p>\n Entrepreneurs<\/p>\n \u2014 Mark Cuban (@mcuban) January 29, 2024<\/a><\/p>\n\n Cuban shared his views on the future of emerging technologies, affirming that he only sees Artificial Intelligence (AI) significantly impacting entrepreneurship in the next decade. Saying, \u201cThere will be two types of companies in the USA. Those who are great at AI and everyone else.\u201d<\/p>\n Lastly, he was constantly asked about his thoughts on X owner and Tesla founder\u00a0Elon Musk<\/a>. He addressed their relationship by simply replying: \u201cI don\u2019t not get along with him. I don\u2019t know him. He likes to talk shit on here and so do I.\u201d<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n On January 29, Mark Cuban, the businessman and television personality, took to the X platform (formerly known as Twitter) to have a conversation with his audience and the crypto community online.<\/p>\n The Ask Me Anything (AMA) session<\/a> asked about Cuban\u2019s thoughts on various crypto-related topics. Notably, his replies to the community suggested the importance of a project\u2019s utility for the Shark Tank investor.<\/p>\n When asked about his thoughts on crypto, Cuban stated \u201cI hate the speculation but love when there is utility,\u201d similarly replying to a different question about on-chain finance \u201cneeds new ideas with more utility.\u201d Additionally, he explained that Bitcoin\u2019s Layer 2 solution aimed at scaling \u201cdoesn\u2019t matter at all,\u201d and emphasized his belief that \u201cIt\u2019s applications with unique utility that matter.\u201d<\/p>\n Cuban believes blockchain technology<\/a> is here to stay but identifies two issues. The first concerns the existence of \u201ctoo many blockchains,\u201d and the second is the lack of an application that makes the technology \u201cindispensable\u201d for all generations.<\/p>\n For these reasons, the businessman thinks blockchain technology\u2019s future is in the air but reaffirms that \u201cit will always have a place.\u201d However, he doesn\u2019t consider blockchain security one of the biggest problems.<\/p>\n During the AMA session, the Shark Tank investor listed Polygon (MATIC), and Injective (INJ) as two projects he\u2019s interested in<\/a> outside the flagship cryptocurrency and the largest altcoin. When asked about his concerns on the project and growth of injective, Cuban said he didn\u2019t have any, but he hopes \u201cthey do well\u201d as he is an investor.<\/p>\n The Doge community took part in the questions, and Cuban admitted that he enjoys being part of the community. He also confirmed that The Dallas Mavericks continue to accept DOGE as a payment method.<\/p>\n I don\u2019t think about it<\/p>\n \u2014 Mark Cuban (@mcuban) January 29, 2024<\/a><\/p>\n Regarding non-fungible tokens (NFTs), the investor explained \u201cThey are a collectible in most cases but can be used for other things,\u201d and suggested that people should buy them to collect and not to speculate. Similarly, he expresses the challenges of selling these assets as he hasn\u2019t found \u201ca compelling aspect yet.\u201d<\/p>\n Similarly, Cuban indicated that he is \u201cnot a fan\u201d of tokenizing\u00a0assets<\/a>, such as sports teams and real estate, as he doesn\u2019t think it \u201cadds enough value.\u201d<\/p>\n Entrepreneurs<\/p>\nWhat Emerging Technology Will Thrive in The Next Decade?<\/h2>\n
What Projects Does Mark Cuban Invest in?<\/h2>\n
What Emerging Technology Will Thrive in The Next Decade?<\/h2>\n