Billionaire Mark Cuban is now rallying behind blockchain protocol and network Polygon, offering further evidence that mainstream investors continue to tap in what they consider to be the benefits of digital assets.
The endorsement appeared on the Mark Cuban Companies website and confirms what was only speculation before.
When he first started endorsing cryptocurrencies he was called out by fellow investors as building up unrealistic hype. Nevertheless, the billionaire’s commitment to digital assets has not faltered and he continues to accept Dogecoin and Bitcoin for various products that his companies offer.
The Dallas Mavericks, an NBA franchise owned by Cuban, still accept Bitcoin payments even after Tesla CEO Elon Musk said that the car maker would discontinue sales in Bitcoin, citing environmental concerns.
Cuban, though, is not unreasonable about the challenges that cryptocurrencies see in terms of growth opportunities, one of which is the environmental impact they may have.
In his Polygon endorsement, Cuban wrote: “There must be a CURRENT network effect and significant user growth. This is a challenge for most L1s and L2s because of few exceptions, marketing in the crypto universe is beyond awful.”
Cuban choosing to endorse Polygon could mean that he recognizes it as a viable way to scale and market digital assets, overcoming the main challenges they face today.
Cointelegraph reached out to Cuban for comment and sought to understand what made Polygon stand out from other solutions. According to Cuban, the network is “fast, works well” and it’s been demonstrating exponential growth.
Meanwhile, Cuban is already offering something back. He believes that his expertise and know-how can benefit Polygon and help with marketing and other feedback. Cuban once famously warned that crypto is a good investment, “unless you are stupid”.