As the cryptocurrency markets continue to advance and exhibit signs of life, billionaire Mark Cuban is outlining his most recent altcoin picks.
The Shark Tank investor talks to hosts Aaron and Austin Arnold in a brand-new interview about his portfolio of six low-cap crypto assets, which includes ApeCoin, a Bored Ape Yacht Club (BAYC) spinoff (APE).
Klima DAO is one of the alternative currencies in Cuban's portfolio (KLIMA).
Through the usage of its KLIMA token, Klima DAO aims to give users access to the carbon market. The project's website states that each KLIMA is backed by at least one tonne of tokenized, validated carbon offsets that are kept in the protocol's treasury.
Cuban continues by describing the difficult process involved in trying to obtain carbon credits.
"At the moment, purchasing a KLIMA token is simpler... then burn it, then withdraw the Treasury again and use that as an offset. The worst case scenario, which is how I also try to view things, is that I simply burn them, at which point I will have offset X tonnes of carbon.
Blocto (BLT), whose main objective is to make interaction with blockchain apps across different blockchains simple for both developers and regular users, is also on the investor's list.
Injective (INJ), a decentralized exchange that provides derivatives, margin trading, and other services on a broad cross-chain platform, is another alternative coin on Cuban's list.
“I still like Injective. I still think perpetuals have a real opportunity. It’s not an easy business, but they have a chance.”
Cuban is also keen on Alethea Artificial Liquid Intelligence Token (ALI). ALI is designed to bring science fiction visuals and concepts to the metaverse through its unique proposition of an intelligent NFT, referred to as iNFT, which can be trained to upgrade its intelligence level.
“Alethea, if you can start integrating AI into NFTs, able to create some ‘virtual humans’ that have different properties. You can have some fun with that and unique applications.”
The investor says he’s also tracking Ocean Protocol (OCEAN), which seeks to aggregate and monetize user data.
“OCEAN for packaging data, for buying and reselling it so there’s ongoing rewards to the people who originate the data. They haven’t really executed as well as I would have liked, but that’s the concept.”
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