Crypto Billionaire Invested In These 8 Altcoins!

Mark Cuban is a well-known name in the cryptocurrency space. This entrepreneur and billionaire has multiple crypto investments. In a recent Twitter thread, MooMs covered eight crypto projects Cuban has invested in. It never hurts to know which projects the big names are investing in. Here are the eight coins in Cuban’s portfolio…

Cuban invests in Swell Network (SWELL)

Swell Network makes liquid staking simple. You can stake ETH and optimize your return on various DeFi projects. For this purpose, Swell gives you liquid staking tokens, swETH. Currently, 38,402 ETH has been staked on their platform. The APR (percentage annual return) for their SwETH is 2.51 percent, but with a booster it goes up to 34.51 percent. The platform also had some good traders. They managed to raise $3.75 million. Some promoters can be cited as Apollo Crypto or Framework Ventures for example.

The other project in the focus of the cryptocurrency billionaire, Seashell

Seashell offers safes called Blueberry Vaults. They offer a simple and easy way to get DeFi rewards. Currently they only support Arbitrum chain. Seashell does not yet have a token. In addition, Mark Cuban, Solana, Avalanche and Polygon are among other investors. Seashell raised $6 million in its seed round. They use the popular GMX exchange. Seashell offers three different cases:

• Case with 3x leverage with 16.92 APR.
• A non-leveraged chassis with an APR of 8.19.
• A USDC safe with 4.35 APR.

Also listed on Injective (INJ)

Injective is part of the Cosmos IBC ecosystem. Its tokens have seen a stunning 574% increase over the past year. They have raised $59.7 million so far. What makes them special is that they are a chain of applications. This means that there is a main chain, but each application has its own chain. However, they remain attached to the main chain. Injective is tailor-made for any financial application. Examples of these financial applications are as follows:

• Spot markets.
• Derivatives exchanges.
• Prediction markets.
• Various other options.

Offchain Labs investment draws attention

Offchain Labs is the team that built the Arbitrum Blockchain. They’re also behind Prysmatic Labs. Here they are building a technical infrastructure for Ethereum. In other words, they are building scaling solutions for Ethereum. Offchain Labs has raised no less than $173.7 million. Besides Mark Cuban, we see a list of other well-known crypto investors. For example, Pantera Capital, IOSG Ventures, Samsung Next or Stone Bridge.

Fifth place is Zapper

Zapper allows you to create personal Ethereum activity feeds. On the other hand, they also offer curated lists. They also offer a swap and bridging option for 9 chains. They raised $16.5 million. Supporters include Coinbase Ventures or CoinGecko. Zapper monitors your Ethereum-based on-chain portfolio. You can access all kinds of Web3 data. The data accessed are as follows:

• Portfolio viewer.
• Social apps.
• NFT projects and marketplaces.
• Crypto wallets.
• Trading platforms.
• Exchanges and more.

Crypto billionaire has Yuga Labs in his portfolio

Yuga Labs is the team that created BAYC or Bored Ape Yacht Club. So, we’re entering the NFT zone here. After BAYC, they also created the Bored Ape Kennel Club and the Mutant Ape Yacht Club. They also released Otherside, a gamified metaverse. They acquired CryptoPunks and Meebits in 2022. These emerged from Larva Labs in 2017. All the NFT projects mentioned are among the top-notch NFT projects. Yuga Labs has raised $450 million to date. Animoca Brands and a16z are other supporters of Yuga Labs.

Cuban’s list includes Polygon Labs (MATIC)

Polygon Labs is currently one of the most popular Layer-2 solutions for solving Ethereum’s shortcomings. These shortcomings can be shown as scalability or cheap and fast transactions. This year, they were constantly in the news with new partnerships, as we also reported as Kriptokoin.com. Among others, collaborations with Disneyland, Starbucks, Stripe, Adidas and Meta attracted attention. In July 2023 they announced an update to their tokenomics. They also introduced zkEVM. This is a scalable solution for the Ethereum Virtual Machine. Thus allowing the integration of smart contracts and developer tools. They have raised $451 million to date.

The last coin on the list, Axie Infinity (AXS)

Axie Infinity is one of the most successful Blockchain games. It has a P2E (Play to Win) mechanism and has been wildly popular during COVID-19. It was especially popular in developing countries like the Philippines. It offered players an extra income stream. Animoca Brands is the team behind Axie. As a result, they have become a force to be reckoned with in the blockchain playground. To date, they have raised $311 million. Besides Cuban, Binance and Paradigm are also among its supporters.