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Mark Cuban Denies Referencing Cardano: "Lol. No"

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Tue, 06/01/2021 - 06:09
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Alex Dovbnya
Mark Cuban claims that he wasn't referencing Cardano in his tweet about decentralized autonomous organizations
Mark Cuban Denies Referencing Cardano: "Lol. No"
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The Cardano community is so far failing to win over billionaire Mark Cuban.

He has denied referring to the proof-of-stake blockchain in his recent tweet about decentralized autonomous organizations (DAOs), simply writing "Lol. No." 

The "Shark Tank" host believes that DAOs could take over legacy organizations:

The future of corporations could be very different as DAOs take on legacy businesses. It’s the ultimate combination of capitalism and progressivism. Entrepreneurs that enable DAOs can make $. If the community excels at governance, everyone shares in the upside. Trustless can pay.

In February, Cardano developer IOHK claimed that Project Catalyst had evolved into the world's largest DAO with over 7,000 registered supporters.

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As reported by U.Today, the Dallas Maverick owner recently took interest in the fourth-largest cryptocurrency, asking the community about its use cases. 

He also added that the Mavs were open to accepting ADA.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.