Billionaire entrepreneur and shark tank star Mark Cuban says he’s heavily invested in two popular altcoins while waiting for the first viral crypto app to emerge.
In a new interview with Crypto Banter, Cuban says that he owns “a lot” of Ethereum (ETH) and Polygon (MATIC) due to their strong use cases.
“Bitcoin’s a great store of value, but Ethereum and Polygon that I both own a lot of, you can start to see the utility.
You’re starting to see more and more applications pop up there, and we’ll see what happens with ETH 2.0 in terms of gas fees, and I think Polygon has done a great job, and you’ve got other blockchains trying to do the same thing.”
Ethereum is the leading smart contract platform, while Polygon (MATIC) is a layer-2 scaling solution designed to enable the widescale adoption of decentralized apps (DApps) on the Ethereum blockchain.
The billionaire also says that he’s on the lookout for the first-ever crypto-based application that will be a big hit for mainstream consumers.
“All the blockchains are kind of in a death war, trying to get users and applications, and I think whoever comes up with applications where just somebody walking down the street in Miami can say, ‘Oh yeah, I use that,’ just like Instagram.
At the beginning, what the hell is Instagram and then everybody got it. It went viral. We haven’t gotten that first viral mainstream crypto-based application yet. We will. That’s what I’m looking for in terms of investments.”
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