A follower of the crypto market will surely come across the name of the billionaire “Mark Cuban”, who is one of the famous personalities supporting the cryptocurrency market.
In a series of tweets written by Cuban, he explains why he believes in the crypto market and why he invests in certain projects.
Reasons why Mark Cuban invested in the crypto market:
Veteran entrepreneur and prominent investor Mark Cuban said there are valuable opportunities offered by smart contracts for end-user applications.
He added, explaining:
SMART CONTRACTS WILL HAVE A HUGE IMPACT.
THE INNOVATIVE POTENTIAL OF SMART CONTRACT TECHNOLOGY IS THE MOST IMPRESSIVE CATALYST.
Cuban highlights that smart contracts can be a technical foundation for valuable applications that address different use cases.
According to him, the value of this or that digital token is determined by the value generated by applications running on private blockchain networks.
At the same time, not all dApps will reach their audience, according to Cuban, as only valuable and useful apps will attract new customers.
For billionaire Cuban, the newly emerging cryptocurrency, with all its bottlenecks and crises, is reminiscent of the early days of the Internet in the 1990s.
Then, to start playing or watching streaming video, users need to set up a “dial-up” modem, install TCP/IP, Internet providers, etc.
Subsequently, streaming technology has evolved into an essential component of the global communications sector.
That is why he is sure that smart contract technology is still in its infancy.
He noted that Ethereum is only 7 years old.
Coban is known to be an Ethereum advocate and a fierce critic of Cardano.