Mark Cuban, the billionaire investor and owner of the Dallas Mavericks basketball club, recently appeared in the headlines of cryptocurrency news. ate This headlines his investment in the Indian startup Polygon.

Over the past two years, Cuban has been very active in the crypto and blockchain space, selecting some interesting cryptocurrencies and projects to invest in.

in talking To CNBC, billionaire Cuban revealed some of his secrets behind comparing different crypto and blockchain projects.

Criteria for selecting crypto projects to invest in according to “Kuban”:

For Cuban, one of the most important things about choosing a crypto project to invest in is its ability to implement smart contracts.

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Cuban stated in this regard:

Most people look at the speed and cost compared to Bitcoin and Ethereum.

While these things can be important, I look at blockchain projects as networks and platforms for development via smart contracts.

Previously, Cuban was talking about his admiration for blockchain projects such as Ethereum.

Where Ethereum has the ability to implement smart contracts, Ethereum also hosts Decentralized Finance (DeFi) applications in addition to its support for non-fungible tokens (NFTs).

Additionally, regardless of its native currency, the Ethereum blockchain hosts digital tokens for many different projects.

This is how billionaire Mark Cuban compares Ethereum to the Internet.

Where Ethereum and other similar crypto projects can host different platforms, DeFi projects, social media sites, and other different uses.

The Ethereum blockchain can perform a number of different tasks with its ability to act as a fully functional infrastructure platform.

Ethereum effect:

Interestingly, Cuban is putting his hand on a sensitive area in the development of the crypto arena and the blockchain as a whole.

As the various and varied uses of Ethereum or others contribute to the expansion of the crypto market ecosystem.

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Cuban points out that such platforms that have the most active developers and create applications of great benefit to their users will have an impact on the crypto arena as a whole.

The Ethereum network charges large fees to users who transact on its network.

Where to process any transaction of DeFi or NFTs, users need to pay some fees to miners.

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Cuban believes that such a model has absolute economic meaning because it is a project with an exciting strategy in how fees are distributed, and can create a real revenue stream and increase the value of the cryptocurrencies minted.

Cuban has recently invested in the Polygon project, which provides layer 2 scaling solutions for Ethereum, which focuses on solving network congestion and scalability issues in the Ethereum network.

Apart from this, Kuban’s investment portfolio also includes some of the decentralized finance companies DeFi and NFT tokens.

He also owns some direct investments in Bitcoin and Ethereum.

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