Mark Cuban has said carbon offsets could be monetized via verification on the blockchain and even a native token.
While carbon offsets are an idea Cuban is interested in, there has been a deeply-rooted skepticism as to how successful those practices could be.
Cuban said: “I’m already talking to all of my companies that can create carbon offsets and discussing whether they can start monetizing them.” However, there seems to be scant evidence to support his idea as of now.
Monetizing carbon offsets may help give the blockchain technology a boost in light of its environmental impact.
While Cuban has been a known proponent of crypto, he also got burned on at least one occasion, after an altcoin went under in an obvious “rug pull”.
Investors are very particular about crypto, but they generally advise to only invest what you can realistically afford to lose, as the space still has some aspects that are challenging.
Billionaires like Cuban and Elon Musk are often bullish on cryptocurrencies. As a matter of fact, the two digital gurus seem to have the same interest when it comes to crypto, as they promote Dogecoin, Bitcoin and Ethereum as their go-to options.
Yet, Cuban is a little more inclined to push for a broader crypto adoption whereas Musk is seemingly focused on just a handful.
It’s the Dallas Mavericks owner and “Shark Tank” investor who is now making some interesting predictions about the future of crypto and blockchain.