Mark Cuban Announces Investment In Polygon As Interest In Proof-Of-Stake Coins Skyrockets

Mark Cuban Announces Investment In Polygon As Interest In Proof-Of-Stake Coins Skyrockets
ôîòî ïîêàçàíî ñ : zycrypto.com

2021-5-26 10:34

Billionaire investor Mark Cuban has revealed having made an investment in Polygon (MATIC), confirming as much via his website on Tuesday. Cuban, who owns the NBA’s Dallas Mavericks, is a big fan of cryptocurrencies and has spoken of Ethereum in quite glowing terms this year.

While Cuban reckons Bitcoin is more of a way of storing value than it is a currency, he claimed to be very excited about the possibilities of Ethereum, which he says is the closest thing to a real currency. He is especially fascinated by the smart contract model as it’s opened doors for decentralized finance and NFTs.

An Escape From Fees

Polygon has been one of the more successful coins amid the drop in prices across the cryptocurrency market experienced in May. Bitcoin and Ethereum have both taken the plunge, leaving many other coins struggling as a result.

MATIC, on the other hand, has gone up a staggering 9,000+% over the last year and recently touched a high of $2.68.

MATICUSD Chart By TradingView

The token worth $0.47 just over a month ago, was trading at $2.24 at the time of writing, boasting a market cap of $13.8 billion.

Ethereum’s high gas prices have been a subject of many complaints so folks are turning to Polygon in the wake of DeFi and other projects becoming operational on the blockchain.

“I was a Polygon user and find myself using it more and more,” Cuban told Coindesk in an email. The currency is now listed as one of his holdings on his website.

The billionaire would not get drawn into disclosing details of the investment but did reveal he will be integrating Polygon into Lazy.com, a portfolio company of his that makes it easy for people to display their NFTs.

“We have spoken to many investors but the discussion with Mark Cuban was truly mind-blowing,” Sandeep Nailwal, Polygon’s founder, told CoinDesk via a Telegram chat.

Proof-Of-Stake Coins Are Winning Right Now

There’s quite a lot going on with Polygon at the moment, with the proof-of-stake model now a thing of envy amid the criticism Bitcoin and Ethereum are facing over their carbon footprint. Ethereum will be transitioning to PoS in the coming months and the move is expected to trigger a 99.5% decrease in energy consumption.

As for Polygon, a partnership with smart yield farming 2.0 protocol Formation Fi was announced this week. The deal will see to the creation of a ‘dark pool’ automated market that will afford Formation Fi users cheaper fees, among other benefits.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cuban Peso (CUP) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Äîñòóïíî / Âñåãî 0 CUP

cuban mark investment polygon spoken cryptocurrencies dallas

Èñòî÷íèê: zycrypto.com

cuban mark → Ðåçóëüòàòîâ: 126


Mark Cuban voices interest in becoming the next SEC chair

Mark Cuban claims that Gensler is “awful” for crypto and all businesses Cuban highlighted Harris’s promise to advance technologies such as AI and blockchain Lawyer John Deaton said Cuban would be a “breath of fresh air” unlike the “lawlessness of Gary Gensler” as head of the SEC Billionaire entrepreneur Mark Cuban has said he’d be […] The post Mark Cuban voices interest in becoming the next SEC chair appeared first on CoinJournal.

2024-9-27 10:00


Mark Cuban Advocates for DeFi’s Role in Shaping the Future of Banking

Mark Cuban, the billionaire and cryptocurrency enthusiast has continued his campaign to supports cryptocurrencies in whatever way he can. As the Dallas Mavericks owner is wont to do, he once again propper up decentralized finance (DeFi) as a viable alternative to the traditional global banking system, Convenience Wins Every Time Earlier this week, Cuban went […] The post Mark Cuban Advocates for DeFi’s Role in Shaping the Future of Banking first appeared on BitcoinExchangeGuide.

2021-9-24 19:32


Dallas Mavericks NBA Team Governor Mark Cuban: Facebook’s Libra Coin May Be Dangerous

Cryptocurrency enthusiast and Billionaire tech entrepreneur Mark Cuban has launched a daunting attack on the new cryptocurrency project by Facebook called Libra, stating that he is not a fan of the new coin, basically because it could be very dangerous to both the traditional financial sector and the cryptocurrency community at large. Libra is a […]

2019-7-12 20:16


AOC & Bernie Sanders Spew Socialist Propaganda to Trigger the Right: Mark Cuban

By CCN: Billionaire Mark Cuban slammed progressive politicians Alexandria Ocasio-Cortez (AOC) and Bernie Sanders for what he says are their misconceptions about how helpful socialism can be. The man who self-identifies as a “hardcore capitalist” believes the two Democrats use the word to get attention, without actually believing in it or understanding it.

2019-5-15 17:29


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Polygon surges 22% in 7 days: Is $0.45 next for POL?

POL has surged by over 22.24% over the past week. Market fundamentals suggested a potential upsurge to a recent high of $0.45. After a sustained decline, Polygon [POL] has seen a turn in forThe post Polygon surges 22% in 7 days: Is $0.45 next for POL? appeared first on AMBCrypto.

POL hits new lows amidst Polygon’s TVL surge: A chance to invest?

POL slips into its lowest ever price point after failing to find a bullish footing. Assessing whether this could be a good opportunity to buy in. POL (formerly MATIC) holders must be throwinThe post POL hits new lows amidst Polygon’s TVL surge: A chance to invest? appeared first on AMBCrypto.

Polygon: Can network growth help POL overcome selling pressure?

Polygon’s DeFi TVL has surged to a 7-month high of $1.16 billion. Despite the network growth, POL still showed bearish signals with a rounding top pattern on its four-hour chart.  POL (foThe post Polygon: Can network growth help POL overcome selling pressure? appeared first on AMBCrypto.

0% of POL investors profitable - Can bulls turn the tide soon?

A multi-year bullish pattern appeared on the token’s price chart.  Buying pressure increased slightly, hinting at a price rise.  After Polygon’s [POL] MATIC to POL upgrade, many expectThe post 0% of POL investors profitable - Can bulls turn the tide soon? appeared first on AMBCrypto.