Mark Cuban Unloads Over a Dozen NFTs in a Matter of Days After Letting Them Sit Dormant for Years

Cubanhawk purchased a total of 14 NFTs over the weekend and Monday, the most valuable of which was a Chubby Penguin token that sold for nearly $31,000

Billionaireinvestor and SharkTankstarMarkCubanhassoldoffmorethanadozennon-fungibletokens(NFTs)overthepastfewdays,finallydustingoffadigitalassetcollectionthathadremainedlargelyuntouched edforyears.AccordingtoCuban'sOpenSeaprofile,thebillionairesoldatotalof14NFTsovertheweekendandonMonday, with the most valuable being a "PudgyPenguin" token that was fornearly $31,000 worth of Ethereum (ETH). thesecond-largestcryptoasset.Priortothisweekend,Cuban'slastNFTactivityonOpenSeawasatokensalenearly2.5yearsago.Thebillionairehasexpressedoptimisminthesector,tellingForbesina2022interviewthatNFTspresentahugeopportunityinthebook-publishingindustry."NFTsasbooks,Ithinkparticularlyfortextbooks. Do Ishipitoff?DoItakeittothebookstore?'It'sjustapainintheassandinadigitalworld,it'sridiculous. WiththoseasNFTs,welltheNFTsallowyoutoapplyroyaltiessothatwhenthatbookisresold, theauthorandthepublisherandwhoeverelseisinvolvedcangetasetroyaltyfee.Thatmeansthatthepublisherswhocreatedthebookcankeepongettingpaid,whereaswhenthere'saphysicalbookthat'ssoldandresoldtheyhavetohopethatbookfallsapart,sothattheycansellanewone.SoIthinkthat'sagreatapplication."

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