Mark Cuban, a billionaire investor, believes this is the moment that ’really got me into’ cryptocurrency

<p>Mark Cuban, the billionaire investor, had a defining moment when he decided to go all-in on Bitcoin.</p> <p>"I have always been interested in bitcoin, its pricing, tokens, and cryptocurrencies," Cuban told Miami Mayor Francis Suarez on Monday during The North American Bitcoin Conference. "However, what really got me into it was when I minted my first NFT around a year ago."</p> <p>Nonfungible tokens, or NFTs, are one-of-a-kind digital assets. Minting an NFT is the process of converting an asset into a blockchain-based token. It enables NFT owners to demonstrate ownership of the asset while also allowing them to sell it if desired.</p> <p>Cuban saw an enormous possibility to make royalties on secondary sales of his NFTs.</p> <p>"The ability to take a digital file — music, video, or image — and not only mint it for sale, but also attach royalties to it, I'm like, 'How did you do that?' Because you cannot do it with actual items," the "Shark Tank" investor and Dallas Mavericks owner explained.</p> <p>Cuban did some additional research and discovered smart contracts, which are collections of code that execute a set of instructions on the blockchain. Smart contracts are critical for NFTs and other crypto projects, such as those involving decentralised finance, or DeFi. "That is extremely disruptive to me," he stated.</p> <p>"While NFTs are hot right now and everyone is talking about them, they are really more of a proof of concept for what smart contracts and decentralisation can accomplish," Cuban explained to Suarez.</p> <p>Cuban now refers to himself as a crypto "evangelist," he explained. He is an outright bull on the space, with a cryptocurrency portfolio that includes a variety of digital coins, NFTs, and stakes in numerous blockchain startups.</p> <p> </p> <p><a href='http://paypal.me/cryptopirates'>Support us!</a></p>