Mark Cuban Reveals Low-Cap Altcoin Portfolio, Including ApeCoin (APE) and Five Additional Crypto Assets
Billionaire Mark Cuban lays out his latest altcoin picks as crypto markets push through and continue to show signs of life.
In a new interview with Altcoin Daily, the Shark Tank investor tells hosts Aaron and Austin Arnold about half a dozen low-cap crypto assets in his portfolio, including Bored Ape Yacht Club (BAYC) offshoot ApeCoin (APE).
One of the altcoins in Cuban’s portfolio is Klima DAO (KLIMA).
Klima DAO is a project designed to enable users to participate in the carbon market through their KLIMA token. According to the project’s website, one KLIMA is backed by at least one ton of tokenized verified carbon offsets locked in the protocol’s treasury.
Cuban goes on to talk about the complex process involved when trying to obtain carbon credits, noting,
“Right now it’s easier to buy a CLIMATE token … and burn it and withdraw the treasury back and take it as an offset … The worst case, which is the way I also try to look at things, is that I just burn them and base off their treasury, then I burn, I have offset X amount of tonnes of carbon.”
Also on the investor’s list is Blocto, (BLT), whose primary goal is to simplify interaction with blockchain applications across different blockchains for both developers and everyday users.
Another altcoin on Cuban’s list is Injective (INJ), a decentralized exchange that offers margin trading, derivatives and other services on a comprehensive cross-chain platform.
“I still like Injective. I still think Perpetual has a real opportunity. It’s not an easy business, but they have a chance.”
Cuban is also interested in the Alethea Artificial Liquid Intelligence Token (ALI). ALI is designed to bring science fiction images and concepts to the metaverse through its unique proposal of an intelligent NFT, referred to as iNFT, that can be trained to upgrade its level of intelligence.
“Alethea, if you can start integrating AI into NFTs, able to create some ‘virtual humans’ that have different characteristics. You can have fun with it and unique applications.”
The investor says he is also tracking Ocean Protocol (OCEAN), which seeks to collect and monetize user data.
“OCEAN for packaging data, for buying and reselling, so there are ongoing rewards to the people coming from the data. They haven’t really performed as well as I would like, but that’s the concept.”
I
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Design Projects
