Mark Cuban Restates Dallas Mavericks Acceptance of Dogecoin, Backs Real-Use Case NFTs

Watch Icon
Mark Cuban Restates Dallas Mavericks Acceptance of Dogecoin, Backs Real-Use Case NFTs

Mark Cuban expressed several views on cryptocurrencies in his Ask Me Anything (AMA) session with followers. Importantly, he restated that the Dallas Mavericks accept Dogecoin for payments.

The American businessman and Shark Tank star answered numerous questions about cryptocurrency and other business dealings in an AMA session on X (formerly Twitter).

He revealed his interest in certain assets including his stance on memecoins and non-fungible tokens as users questioned him on almost all sectors of Web3 and decentralized finance (DeFi).

Asked if the Dallas Mavericks still accept Dogecoin, he reacted positively restating the company’s early stance. In 2021, the Dallas Mavericks incorporated Dogecoin allowing fans to purchase tickets and merchandise.

Do the Mavs still accept dogecoin?

— Sir Doge of the Coin (@dogeofficialceo) January 29, 2024

While Dogecoin payments started as a joke at the time, the DOGE community and holders expressed optimism with the added use cases to the asset. Cuban also noted that the Mavericks would take DOGE, “today, tomorrow and possibly forever.”

On Solana’s (SOL) dogwifhat meme coin he answered, “I don’t think about it.”

The meme coin gained popularity in recent weeks soaring over 30% after securing a Bitget listing. It also recently hit a market capitalization of over $332 million.

A follower asked about his favorite cryptocurrency aside from Bitcoin (BTC) and Ethereum (ETH). Cuban named Polygon and Injective adding that he is an investor in both while advising users to do their research.

NFTs For Collection not Speculation

Cuban remains a supporter of non-fungible tokens (NFTs) because of their use cases, advising users to acquire them for collection purposes and not to speculate.

“They are a collectible in most cases but can be used for other things. Only buy them to use or collect them. Not to speculate.” 

Similarly, he was asked about his views on music NFTs to which he replied “tough sell” because he hasn’t found a compelling aspect yet. Another user asked Cuban about his views on John Lilic becoming Telos Executive Director after being a Polygon investor.

Cuban said he doesn’t know much about it because he remains a passive investor. Away from digital assets, he was asked if he would consider purchasing Twitter and joked “Will Elon sell?”

Will elon sell ?

— Mark Cuban (@mcuban) January 29, 2024

Dogecoin Ss Still In The Red

Following the AMA session, social media spaces were filled with buzz and DOGE’s potential acceptance, but the asset still trades in the same negative direction. At the time of writing, DOGE stands at $0.079, a 2.5% plunge in the past 24 hours and a 12% decline in the past 30 days.

Dogecoin was affected by the recent market correction after the approval of spot BTC ETFs by the United States Securities and Exchange Commission (SEC).

The recent Mark Cuban AMA session also sparked optimism over a possible X payment integration meant to increase the asset’s use cases.

The post Mark Cuban Restates Dallas Mavericks Acceptance of Dogecoin, Backs Real-Use Case NFTs appeared first on Cryptonews.

More News

Bitcoin (BTC) Price Sees Strongest Weekly ...

Watch Icon
Last updated

Bitcoin gains 10% in a week amid spot BTC ETF speculation and briefly surges to $30,000 on false SEC approval reports. The post Bitcoin (BTC) Price Sees Strongest Weekly Performance Since June Amidst Spot ETF Buzz appeared first on BeInCrypto.

FTT up +5.41%, BTC -0.60%, Rollbit Coin is...

Watch Icon
Last updated

Key highlights: The total cryptocurrency market cap decreased from $ 1.10T to $ 1.09T in the past 24 hours, representing a -0.81% changeThe Bitcoin price at press time is $ 27,407 after falling by -0.60% in the last 24 hoursThe total crypto trading volume decreased by -0.81% in the past 24 hours, and is currently at $ 103.91BAll prices […]

MicroStrategy Bitcoin Shopping Spree Conti...

Watch Icon
Last updated

MicroStrategy and its subsidiaries have purchased an additional 16,130 Bitcoin for approximately $593.3 million, bringing their total holdings to approximately 174,530 bitcoins, acquired for around $5.280 billion. The post MicroStrategy Bitcoin Shopping Spree Continues With Purchase of 16,130 Bitcoins appeared first on BeInCrypto.

Back to Top