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
110
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 Market
It costs more than $2000 an hour for a company specialist, while at least 100 employees are involved in the proceedings on the collapse of the exchange
Jan 27, 2023
Market
The entrepreneur agrees to eat a Happy Meal live if the restaurant adds DOGE as a means of payment
Jan 27, 2023
Market
Cryptocurrency expert Dylan LeClair also noted that the average rate of most coins has been showing positive dynamics over the last 30 days
Jan 27, 2023
Market
At the DAO vote, the initiative received the support of about 99% of the participants
Jan 27, 2023
Market
The index rose to 55 for the first time since March 30, 2022
Jan 27, 2023
Market
The cost of the accounts ranges from $50 to $300, depending on the availability of verification
Jan 27, 2023
Cryptocurrency rates
-
Bitcoin
$22 909
BTC
-1.19%
-
Ethereum
$1 573.49
ETH
-1.11%
-
Ripple
$0.4
XRP
-0.43%
-
Cardano
$0.37
ADA
-0.7%
-
Dogecoin
$0.09
DOGE
+8.03%
-
Polkadot
$6.23
DOT
-0.76%
-
Litecoin
$94.27
LTC
+2.72%
-
Solana
$10.15
SOL
-9.47%
-
Monero
$174.59
XMR
-5.03%
-
Bitcoin-cash
$133.25
BCH
+0.73%