Dallas Mavericks, the billionaire entrepreneur and owner of the basketball team, has made a strategic investment in the NFT data platform CryptoSlam.
Cuban invested in the venture through its venture capital firm Radical Investments. CryptoSlam refused to share the investment amount, but said this was its first foreign round since its initiative in 2018.
What to do with the new capital
With the new capital, CryptoSlam plans to scale its team and add more blockchain support on the platform. Currently CryptoSlam is receiving data from Ethereum, Flow and WAX blockchains.
“CryptoSlam has become the industry leader in tracking transactions for NFTs, from tracking what is listed and sold on the NBA Top Shots in real time to being able to trade with your NFTs,” Cuban said. And this dominance is only increasing. I’m excited to be part of the amazing company Randy has brought together. ” found in the description.
Cuban has invested in several NFT-related platforms in recent weeks. These include Lazy, Mintable and NFT42.