Mark Cuban Is All In on NFTs

March 25, 2021
Mark Cuban is making a quintessential pickaxes and shovels play in the NFT market with the launch of his online art gallery platform aptly named

“I wanted an easy way to show my NFTs and a way to put them in my social bios, my email signature, and any place I can stick a URL,” Cuban said. “People are curious about what other people collect. There wasn’t a super-easy way to do it.”

The site is live, and according to Cuban, has had tens of thousands of visitors in the first few days since its launch.

“The NFT market is on fire,” Cuban wrote. “Will be interesting to see what comes next in terms of competition for mindshare and dollars.” 

OpenSea Scores a $23M Series A Financing led by a16z
OpenSea is the largest NFT marketplace by sales volume and has over 15 million digital items available on its marketplace per the company’s website.  As described in a note from a16z:

  • “OpenSea provides the link between the consumer layer and the infrastructure layer for the digital goods economy and is a key utility in this new world of digital ownership. OpenSea provides a one-stop shop to discover, buy, and sell any non-fungible digital asset that conforms to a popular standard likeERC721, and it also quickly tells you the “who, what, when, where” about a particular NFT. OpenSea shows you the provenance, trading, and sales history of digital items in a readable, trusted way.”

And of course, they also have a marketplace that is growing fast:

Source: Dune Analytics, OpenSea daily sales volume.

OpenSea’s transaction volume has been impressive – it’s up 100x in the last six months.

a16z led the Series A Round which included angels Ron Conway, Tim Ferriss, Belinda Johnson, Naval Ravikant, Ben Silbermann, and …

Yup, Mark Cuban.

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