Tech billionaire Mark Cuban, a self-confessed Bitcoin skeptic, is planning to invest in another digital currency.
CNBC reports that Cuban is planning to participate in one of the hottest trends in the cryptocurrency world today: the ICO or initial coin offering.
Mark Cuban says:
"I want to learn more about them. I haven't signed the paperwork yet. But it's likely it will happen."
Mark Cuban to participate in ICO
According to the report, Mark Cuban is eyeing to take part in the initial coin offering of the company he already invested in, the eSports gambling startup UniKrn. Unikrn is an eSports online betting site that uses a virtual currency and is scheduled to launch in September 2017 for the sale of tokens based on Ethereum, the rival of Bitcoin.
An initial coin offering is a fundraising process for a Blockchain-based project that allows investors to own part of a project via a digital network token. Start-ups in the Blockchain community often find this method of fundraising more attractive than the venture capitalist funding because of the speed and amount they can raise.
Full Read Here https://cointelegraph.com/news/mark-cuban-invests-in-ico-after-previously-calling-bitcoin-bubble
