Cuban has already offered 14 NFTs for $38,500 previously two days.
Mark Cuban, the billionaire investor, has all of the sudden reappeared within the NFT world to dump his holdings.
On June 23, Cuban’s crypto pockets, “markcuban.eth,” grew to become energetic once more after a two-year hiatus to promote quite a lot of NFTs.
The pockets’s exercise on OpenSea reveals that Cuban offered 14 NFTs, totaling roughly $38,533, previously two days. The standout sale was Pudgy Penguin #6239, which fetched 9.06 Wrapped Ether (WETH) value practically $30,600.
Cuban listed two different high-value NFTs on the market. He has listed Hashtag NFT #MFFL for 15 ETH (roughly $50,000) and Deuteronomy 25:4 from the BibleNFT assortment for five ETH ($16,000). If these NFTs promote at their present itemizing costs, they’d deliver the worth of Cuban’s gross sales to greater than $102,200.
Cuban’s pockets had final transacted on Jan. 13, 2022, with the sale of a Roc Aero Pitch Deck NFT for $33.73 previous to the current exercise.
Identified for his position on the favored TV present “Shark Tank,” Cuban has thrown his assist behind non-fungible tokens, even investing within the in style NFT market, OpenSea.
“I always paid attention to Bitcoin, the pricing, the tokens, and the [crypto]currencies,” Cuban said at The North American Bitcoin Conference in 2022. “But what really got me into it was, about a year ago, when I minted my first NFT.”.
“The fact that you could take a digital file — audio, video, picture, whatever — and not only mint it to sell it but also attach royalties to it, I’m like, ‘How can you do that?’ Because you can’t do that with anything physical,” Cuban continued.
Pudgy Penguins announces new parent company
Cuban’s decision to offload his Pudgy Penguins comes despite the team announcing the launch of a new parent company in partnership with OverpassIP, an NFT licensing platform, called Igloo Inc. on June 22.
“Igloo created an end-to-end surroundings for introducing individuals to crypto with out diluting current property,” Igloo said on X.
Launched in 2021, Pudgy Penguins has risen to rank as the third-largest NFT collection by market cap with $262 million, according to NFT Price Floor.
Notably, the project has secured partnerships with retail giants Walmart and Target to stock Pudgy Penguins-licensed toys in-store, leading to more than one million toy sales.
Pudgy Penguins was the most traded NFT collection on Ethereum over the past 24 hours with $1.93 million in sales, according to Dappradar.
NFT sales plunge
However, sales volume for all NFTs across chains plunged in June.
According to CryptoSlam, total NFT sales dropped 50% in the last 30 days, reaching $480 million.
While Ethereum remains the top blockchain for NFT sales, hosting $687.97 million in total sales last week, many of the network’s leading collections have posted heavy losses in recent weeks.
The bearish momentum is the result of the third season of incentives on Blur, the top NFT marketplace by volume, winding down. Ethereum’s top four collections by market cap have each posted losses of between 17% and 26% in the past 30 days.
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