- The Smart Contracts have given rise to NFTs and DeFi , Cuban stated.
- Mark Cuban has stated that he is a big fan of the Ethereum Merge.
American billionaire and entrepreneur Mark Cuban has long been outspoken on topics relating to cryptocurrencies, and he has described himself as a supporter of the Ethereum merger. and anticipating the Ethereum blockchain’s dramatic shift.
In the Fortune Interview, he said that,
“I’m a fan of the merger, I think the energy usage issue is important.”
He is optimistic about the merger but also stated that it will take time and that it is uncertain as to when it will rise. According to the decision, the merger will take place on September 15 and Ethereum will switch from proof of work to proof of stake, which is predicted to reduce the network’s energy consumption by 99.9%.
Cuban About the Ethereum
Cuban continued, saying he is still quite bullish on Ethereum, “I think the applications to drive usage will be there.”
Cuban has frequently referenced the network’s applications and use cases as a motivator behind his support when speaking about his fondness for Ethereum. He has primarily discussed his interest in smart contracts, which are sets of computer codes that carry out a set of instructions on a blockchain.
In March 2021, he claimed that smart contracts have fundamentally altered everything. When smart contracts appeared, they gave rise to NFTs (or non-fungible tokens) and DeFi (decentralized finance). That’s what made them unique. That’s what attracted me. Because of this, it matches the internet a lot.
Along with other cryptocurrencies like Bitcoin and the meme-inspired Dogecoin, Cuban also owns Ether. A few NFTs and investments in blockchain startups, many of which are focused on improving Ethereum, are also included in his portfolio.
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