Celebrity mogul Mark Cuban has recently sold off a collection of non-fungible tokens (NFTs) that had been dormant for several years. Over the span of a weekend and Monday, Cuban successfully auctioned 14 NFTs, the most valuable being a “Pudgy Penguin” token that fetched nearly $31,000 in Ethereum, as per Cuban’s OpeanSea profile. Additionally, he put up two NFTs for sale which are yet to find buyers: a “MFFL” token priced at over $51,000 in ETH and a “Deuteronomy 25:4” token valued at more than $17,000 in the second-largest cryptocurrency.

Prior to this recent flurry of activity, Cuban’s last NFT transaction on OpenSea dated back nearly 2.5 years. The Shark Tank star has previously voiced optimism about NFTs, particularly in an interview with Forbes in 2022 where he highlighted their potential in the publishing industry, especially for textbooks. He envisioned a digital solution to the cumbersome process of buying and reselling physical books, emphasizing the advantages of NFTs in providing ongoing royalties to authors and publishers upon resale.

For more updates and insights, stay connected with us through email alerts and follow us on X, Facebook, and Telegram.


Disclaimer: The views expressed on The Daily Hodl are not investment advice. Investors are encouraged to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. All financial transactions are conducted at one’s own risk, with any resulting losses borne solely by the investor. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it provide investment advisory services. Please note that The Daily Hodl participates in affiliate marketing.