Mark Cuban became a billionaire just before the dot-com bubble burst.
In 1995, Cuban and a friend, Todd Wagner, started an internet radio platform called Broadcast.com. Four years later, Broadcast.com was acquired by Yahoo for $5.7 billion in stock, making Cuban a very wealthy man. Since then, the “Shark Tank” investor and Dallas Mavericks owner has invested in hundreds of successful companies to date.
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If Cuban were to start a company today, he would also utilize new technology — he would center the business around blockchain technology, smart contracts and NFTs, or non-fungible tokens, which reminds him of the early days of the internet.
“If this was 1995 again, coming up with these types of applications, I’d be going nuts,” Cuban told Justin Kan on a recent episode of “The Quest” podcast. “That’s exactly what I’d be doing right now – anything I could make digital.”
NFTs are unique cryptocurrency tokens used to represent assets (like works of digital art, music or movies). NFTs can be bought and sold, like physical assets, but since they run on blockchain, a decentralized digital ledger that documents transactions, ownership and validity of the asset they represent can be tracked.
For example, if a creator puts an NFT-based piece of artwork up for sale, a buyer could purchase a unique token that represents the asset and can then prove authenticity and ownership of the digital