Mark Cuban Discusses Crypto Investments, Dogecoin, and NFTs in AMA Session

According to CryptoPotato, Mark Cuban recently participated in an impromptu Ask Me Anything (AMA) session on Twitter, where he discussed various topics, including his thoughts on cryptocurrencies. When asked about his preferred cryptocurrency ventures beyond Bitcoin and Ethereum, Cuban mentioned Polygon and Injective, stating that he has invested in both. In response to a question about his support for Dogecoin, Cuban confirmed that his NBA team, the Dallas Mavericks, still accepts the cryptocurrency as a payment method. The Mavericks gained attention in 2021 for being one of the first major businesses to accept DOGE. Cuban also acknowledged that those who invested in Dogecoin when the Mavericks began accepting it would be reaping the rewards now. The conversation shifted to Non-Fungible Tokens (NFTs), where Cuban has established himself as a connoisseur. He emphasized that NFTs are primarily collectibles and should be bought for use or collection, not speculation. On the topic of decentralized finance (DeFi), Cuban highlighted the need for new ideas with more utility. Although he has invested in DeFi, he expressed disappointment with its current state, stating, 'I hope so. But it’s not trending in that direction.' Cuban also expressed skepticism about tokenizing real-world assets, calling it a 'hard sell.' This view contrasts with the bullish prediction of Larry Fink, who believes all assets will eventually be tokenized. In a final reflection on the overall crypto space, Cuban’s take mirrored that of many retail investors: 'I hate the speculation but love when there is utility.'