Mark Cuban has been actively involved in the NFT market, recently selling his Dallas Mavericks-themed Proof of Culture NFT for 15 ETH, valued at $50,331, and a BibleNFT called Deuteronomy 25:4 for $16,777. If the sales go through, Cuban will have sold over $100,000 in NFTs within a period of 2 days.
OpenSea data shows that Cuban’s wallet, linked to the Dallas Mavericks NBA franchise owner, still holds about 1,600 items, valued at more than 1,900 ETH, or around $6.2 million. This extensive NFT collection has drawn attention amidst a security incident linked to Cuban.
On June 23, he reported that his Gmail account was compromised following a deceptive call from an individual posing as “Noah” and falsely claiming there was an intruder. Cuban’s NFT sales and the security incident occurred on the same day, but the connection between the two events remains unclear.
Despite this, Cuban has expressed optimism about NFTs, advising collectors to buy out of love, not speculation, and drawing parallels between the NFT market and the early stages of thriving tech giants like Amazon and Microsoft. The timing and motivations for Cuban’s NFT sales have generated speculation, with some interpreting his moves as reactions to current market conditions, while others see them as calculated steps in his larger investment portfolio.