Mark Cuban proposes to replace books with NFT tokens
According to the billionaire, non-fungible tokens will benefit both students and authors with publishers
03.10.2022 - 11:10
336
1 min
0
What’s new? In an interview with Forbes, billionaire Mark Cuban said that NFTs could be a great substitute for some books, especially textbooks. In his view, non-fungible tokens will help students recoup money for a resold book. In addition, Cuban noted that NFTs would allow authors with publishers to receive a set royalty fee. The billionaire stressed that this is not possible with physical books.
What else did Cuban say? The entrepreneur believes that blockchain technologies and NFTs will help more than just the book industry. According to Cuban, they can make health insurance more efficient and fair. He said that blockchain could be used to create a pre-approval platform for insurance claims with thousands of validators who would be rewarded for their work.
Mark Cuban is an American entrepreneur and owner of the Dallas Mavericks basketball club. He is a co-founder of HDNet, a shareholder in Magnolia Pictures, a movie distributor, and in AXS TV, an entertainment channel. As an investor, he is a participant in the reality show Shark Tank. As of 2022, his fortune is estimated at $4,7 billion, according to Forbes.
Previously, Cuban called buying real estate in metaverses “the dumbest” idea ever. The billionaire noted that there is no scarcity of land in the virtual property market, unlike in the real world.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$90 547
BTC
-0.16%
-
Ethereum
$3 105.34
ETH
-0.33%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.15
XRP
+11.26%
-
Dogecoin
$0.372084
DOGE
+4.92%
-
Cardano
$0.745539
ADA
+4.42%
-
Bitcoin Cash
$445.83
BCH
-0.75%
-
Polkadot
$5.77
DOT
+2%
-
Litecoin
$93.11
LTC
+3.33%
-
Stellar XLM
$0.22061
XLM
+13.23%