Mark Cuban Invests in NFT Data Provider CryptoSlam

by in Cryptocurrency News

Mark Cuban CryptoSlam

American business magnate, the owner of professional basketball squad Dallas Mavericks, Mark Cuban put capital in NFT data provider CryptoSlam.

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The deal was arranged via Cuban's venture capital enterprise Radical Investments. Its amount isn't known, but CryptoSlam stated Cuban's backing is the first outside funding since the platform's formation in 2018.

Talking about the move, Marc Cuban noted that CryptoSlam is among the leaders in NFT transaction tracing starting from listing to purchase.

He also mentioned being excited to be connected with the great firm founded by Randy Wasinger. The primary form of CryptoSlam was launched in 2019. Presently, it traces more than fifty NFT products from Ethereum, Flow, and WAX.

The firm intends to use the funds to expand the team and integrate more blockchain operations on the platform.

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Lately, Mark Cuban invested in different NFT-focused platforms including Lazy, Mintable, and NFT42. He is a big supporter of crypto generally. In March, Dallas Mavericks allowed Dogecoin payments. On April 14, Cuban informed that Mavericks’ sales in dogecoin have increased 550% and that the team isn't going to sell a single unit.