The Shark Tank legend, Mark Cuban, brings light to the Dogecoin phenomenon and it being “the craziest thing ever,” urges Ellen to allow it in the show’s fan shop.
Still holding the number one position as the most popular day-time talk show in the U.S., Ellen Degeneres caught the attention of her millions of viewers with the help of celebrity guest, Mark Cuban.
Being the wealthiest member of the Shark Tank panel, billionaire investor and owner of the NBA team Dallas Mavericks, Cuban sure knows how to make a buck and has never made it a secret that he is a big fan of cryptocurrency.
During his appearance on “Ellen” he was asked about cryptocurrencies and non-fungible tokens (NFTs) and Degeneres asked if he would recommend her to start looking into it.
“The thing about NFTs is they’re just digital collectibles,” Cuban described. “Don’t think about the technology at all. It’s just one more thing to collect, only it happens to be digital.”
The Shark Tank star added: “If you think about everything on your phone that you value, particularly younger kids, their more valuable possessions are things on their phone. An NFT is just a digital collectible that you can buy, hold, sell like any other collectible.”
Ellen NFT Launched for Charity
Before the interview was aired, the popular show host had just launched her first-ever NFT to raise money for the World Central Kitchen (WCK).
“Ellen is jumping on the latest internet craze for a good cause by auctioning off a never-before-sold monologue and selfie featuring her original artwork, ‘Woman with Stick Cat,’” the auction site describes.
Digital Version of Gold
In the interview, the topic of conversation turned to cryptocurrency in general as Degeneres admitted being a novice on the subject.
Cuban mentioned a few coins and simply told her:
“Bitcoin is like a digital version of gold. Ethereum is a digital version of a currency. And then you got Dogecoin which is just fun but the weird part about it, it went from being a cryptocurrency joke to now becoming something that’s becoming a digital currency”.
When it comes to making investments, Degeneres said real estate has been her biggest focus up until this point but would be open to a change based on Cuban’s encouraging words.
NBA Team Accepts Dogecoin
In early March this year, Cuban’s NBA team, the Dallas Mavericks became the first NBA organisation to add Dogecoin as payment and the owner said fans use it to buy both tickets and merchandise. He chose to describe the much-hyped cryptocurrency as being a lot better investment than a lottery ticket, bringing Ellen to a chuckle.
Due to its success, Cuban suggested Ellen and the show should look into using it for their own shop, something she said the show would look into immediately.