Buy Mark Cuban NFTs – How to Buy Mark Cuban NFTs 2022
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Since November 2021, Mark Cuban has decided to reward his fans with NFTs. These assets would be automatically offered to fans who purchased and attended the official games.
If you are a sports fan, you are in the right place. In the next sections, we will introduce you to how to buy Mark Cuban NFTs, what you need to access an NFT marketplace and everything you should know about the best Mark Cuban NFT marketplaces right now!
Table of Contents
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How to Buy Mark Cuban NFTs – A Quick-Step Guide for 2022
Investing in NFTs has never been easier. Below, we will introduce you to a quick step-by-step guide on how to join the NFT community.
- Step 1: Open & Verify an eToro Account – Most NFTs run on the Ethereum blockchain, so you need to buy ETH first. Sign up with eToro, one of the best online brokers right now to buy crypto.
- Step 2: Deposit Funds – Deposit fiat money via your preferred payment method. Make sure you deposit enough money to cover transaction fees, which may be higher when the blockchain activity is more intense.
- Step 3: Buy ETH required to buy NFTs on eToro – You cannot buy Mark Cuban NFTs without owning ETH first. After depositing enough cash, simply search for “Ethereum” and click on “Trade” to purchase the cryptocurrency.
- Step 4: Download MetaMask & Send ETH to MetaMask – Download MetaMask, a digital wallet, to send your freshly bought ETH from eToro to personal storage.
- Step 5: Connect to an NFT Marketplace & Buy the NFT – Choose an NFT marketplace, connect your digital wallet, and buy Mark Cuban NFTs.
What is a Mark Cuban NFT?
Mark Cuban is the proud billionaire owner of Dallas Mavericks. Since November 2021, the team decided to issue NFTs that feature players’ profile pictures and offer them to their fans. Each basketball game comes with 20,000 NFTs that are given to fans attending the game. Apart from being collectibles, Mark Cuban NFTs also provide additional rewards for completing different collections.
Where to Buy Mark Cuban NFTs – Mini Marketplace Reviews
The purpose of Mark Cuban NFT is to reward loyal fans for attending the games. You can become the owner of a Mark Cuban NFT only if you attend the game and scan the ticket when you are inside the stadium. However, there are many Mark Cuban NFTs and Dallas Mavericks NFTs that you can now purchase on secondary marketplaces, as discussed below.
1. OpenSea – Overall Best Platform for Buying Mark Cuban NFTs
OpenSea is the most popular marketplace to buy NFTs. It has almost half a million Mark Cuban NFTs and Dallas Mavericks-related photos, videos, and animations. OpenSea is both a secondary and primary marketplace as you can not only buy and sell already created NFTs, but also make your own. The marketplace comes with a smooth interface and facilitates quick buying and selling. For instance, if you follow our step guide above, you don’t even need to create an account to purchase Mark Cuban NFTs – all you need to do is connect your digital wallet, MetaMask, and buy NFTs.
OpenSea operates on the Ethereum blockchain, so you should stock up on Ethereum before heading to this marketplace. On the good side, if you are interested in other NFT cryptos, it’s important to mention that OpenSea now supports a few other ones too, including Klatyn (KLAY).
OpenSea is a reputable marketplace and trusted by its many users for several reasons. The most important is the fact that it is a decentralized marketplace – in other words, the users remain in possession of their assets at all times. This happens through the “smart contracts”, which means that you will remain in the custody of your NFT collectibles.
Also, the risks of fraud or scams are quite low on OpenSea, too. The marketplace uses the open-source Ethereum blockchain to ensure that each user that lists an asset on the marketplace is actually in its possession.
The cost structure is quite affordable, too. However, you need to make sure you account for network fees and gas fees when placing an order. Also, each sale comes with a 2.5% service fee.
Pros:
- No account is needed (depending on your chosen digital wallet)
- Extremely broad choice of NFTs
- Safe trading environment
- Ideal for sports fans and investors alike
- Low-cost and quick trading supported
Cons:
- You cannot buy NFTs with fiat money (only cryptocurrency)
67% of retail investor accounts lose money when trading CFDs with this provider.
2. SuperRare – Best Exclusive Platform to buy Mark Cuban NFTs
SuperRare is an exclusive marketplace for both buyers and creators and it is well-reputed among NFT art lovers. However, it is a lot more than that – even Mark Cuban has recently pumped a round of funding into this marketplace, so it is one of the best if you’re looking for Mark Cuban NFTs.
SuperRare also uses the Ethereum blockchain to operate. Unlike many other marketplaces, SuperRare focuses intensively on quality and security, so every NFT creator on the marketplace is verified thoroughly before tokenizing their authentic work.
The marketplace is slightly more expensive than others, such as OpenSea, as all buyers must cover a 3% fee. However, the main benefit comes for creators as SuperRare gives them 15% for primary sales, followed by 10% on subsequent sales. These commissions are very high for NFT marketplaces, which means that SuperRare now attracts the top creators in the world.
Another advantage of this marketplace is that you can directly support creators and easily be the first buyer of their work. You can place an “offer” on an item that is not currently for sale; this means that the creator sees that you are interested in the piece and you will potentially become the holder of a highly valuable NFT.
On the other hand, the fees may be quite high compared to marketplaces like OpenSea. You cannot buy NFTs unless you own Ethereum, and the Mark Cuban NFTs selection is quite limited – as of this writing, there is only one Dallas Mavericks option. Nonetheless, if you want to support creators, keeping an eye on SuperRare may be a good thing to do, especially as more and more NFTs are created.
Pros:
- High fees for NFT creators
- Safe marketplace
- Currently expanding following several rounds of funding
- Exclusive selection of NFTs
- Curated NFT list as each creator is verified
Cons:
- Mostly focuses on art NFTs
- Only ETH is accepted
67% of retail investor accounts lose money when trading CFDs with this provider.
3. NBA Top Shot – Excellent Marketplace with Diverse Collection of NFTs
NBA Top Shot is the best marketplace for sports fans. Here, you can find, buy, own, and sell NFT tokens related to NBA highlights. This marketplace is a joint venture between a Canadian blockchain developer, Dapper Labs, the NBA Players Association, and the National Basketball Association (NBA). Just like you’d trade player cards, NBA Top Shot allows you to buy, own, or sell NBA highlights. In general, most Mark Cuban NFTs available on NBA Top Shot are featured as a digital video clip.
The NFTs you can find on NBA Top Shot is extremely varied. You can find different moments priced from a few dollars to thousands of dollars as each moment’s value is mostly determined by traders. Once you buy a Mark Cuban NFT on NBA Top Shot, you will be given full ownership until you decide to sell it.
The marketplace usually adds collectible sets that can be purchased by users at a fixed initial price. Each collection has different moments you can purchase, and the moments are varied, so you never know how rare the moment is until you purchase it. Each moment features a specific moment in the form of a short digital-only video clip.
Once you buy these moments on NBA Top Shot, they will be stored in your wallet. You can watch the moment, show it to someone else, or simply trade it by selling it for a profit. Each moment comes in a limited number of copies, and this number influences the value (and rarity) of your NFT.
The price may also depend on which player is featured in the video clip and how important the moment was in NBA history. This helps to explain why the prices may range from only $10 to more than $200,000 per NBA NFT.
Pros:
- The ideal marketplace for NBA fans
- Transparent selling and buying of Mark Cuban NFTs
- Opportunity to own unique moments
- Safe and reliable marketplace
- Affordable cost structure
Cons:
- The NFTs bought on this marketplace are not platform-agnostic (cannot be listed or sold on other decentralized marketplaces like OpenSea)
67% of retail investor accounts lose money when trading CFDs with this provider.
Benefits of Buying Mark Cuban NFTs
Non-fungible tokens (NFTs) are crypto assets that have a unique value. Unlike money or cryptocurrency, you cannot swap NFTs (which means that they are non-fungible). This means that people can buy a wide range of unique assets and collectibles, and fans can now own unique music NFTs, sports NFTs, and other irreplaceable assets. Below, we’ll discuss the main benefits of buying Mark Cuban NFTs and why you should be a part of this thriving community.
Safe and Unique
If you are new to the NFT concept, you’re probably wondering why you’d want to buy a digital player card rather than simply have a paper one. Well, the answer is simple: people love collectibles, especially when they feature their favorite sports stars.
It’s similar to why people buy original artwork rather than printing a painting at home: you want to own the original asset, not a copy. The NFT-related technology came with a complete change; while it was possible to fake a card, a painting, or another piece, NFTs cannot be faked. This is because the NFT you buy is unique and you receive a digital authenticity certificate. Thus, even if someone can create a copy of the moment you own, you remain the owner of the original one. This also ensures you that you will never spend money on fake assets.
If you are also into fantasy sports, you surely don’t want to miss out on how to buy Draft Kings NFTs.
A Memory Wrapped in Technology
Most of us love collectibles for different reasons. For sports fans, buying a Mark Cuban NFT or his team’s NFT is a unique way to commemorate a special moment. You can hold a piece of your favorite player or become the owner of a unique NBA moment in its whole history.
From player cards to short videos and even digital signatures, blockchain technology unlocked many possibilities for sports fans.
Massive Growth
Collecting unique assets is surely worth the hype, but there is another benefit to buying Mark Cuban NFTs: profit.
Although NFTs have been around for quite some time, the industry boomed during the coronavirus pandemic. In 2021, the NFT industry went over $41 billion in value, with more than $25 billion in sales – and up from only $95 million in sales in 2020. Ranging from digital art to top brands like Coca-Cola selling NFTs, more and more people started to bet on these speculative assets.
If you are interested in making a profit from buying and selling NFTs, you should check out this guide on how to invest in NFTs.
How to Buy Mark Cuban NFTs? – Full Guide
Are you still unsure how to buy NFT tokens? Below, we will dive deeper into this process, so you can get started straight away.
Step 1: Open an Account with eToro & Verify Account
Regardless of what marketplace you decide to use, you will most likely need Ethereum to purchase Mark Cuban NFTs. Thus, the first step is to register with eToro, verify your account, and buy cryptocurrency.
First, access eToro and click on “Join Now”. Then, complete the form with a valid username, email, and password. For a quicker process, you can also opt to sign up using your existing Google or Facebook account.
eToro is a fully regulated online broker, so you have to upload your ID and proof of address to comply with the Know-Your-Customer policy. All you need to do is scan or take a clear photo of your government-issued ID and proof of address – the latter can be any utility bill that you have received in the past three months. A bank statement or similar document where your address is shown is also a viable alternative.
Once you upload these documents, eToro will automatically verify them and activate your new account. Then, log in to your account with your previously chosen username and password.
Step 2: Deposit Funds
The next step is to deposit your fiat money in your account. When you are logged into your eToro account, click on “Deposit” on the left side menu. eToro will then ask you to confirm the amount of money you want to deposit (and the exchange rate if you have a local currency other than USD). Choose your preferred payment method and click on “Deposit”.
Depending on your chosen payment method, the transfer can be instant (via credit or debit card, e-wallets like PayPal) or take several business days (via bank transfer).
One important thing to keep in mind is that the fees for buying NFTs with Ethereum may fluctuate due to blockchain activity. Make sure you account for these, gas fees, and any other extra fees you need to cover, depending on your chosen marketplace. To avoid a possible delay, you should have enough Ethereum to cover the whole transaction, otherwise, you’ll have to place two or more orders on eToro.
Step 3: Purchase Ethereum required to buy NFTs on eToro
Once you deposit the required amount of fiat money, you will be able to see your new account balance. After this, locate the search bar at the top and type in “ETH”. Click on “Ethereum” in the drop-down menu with options, then on “Trade”. Type in the amount of money you want to spend on Ethereum, then click on “Open Trade”. You do not need to spend all of your deposited cash on Ethereum – you can also buy NFT stocks or many other assets on eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.
Step 4: Download MetaMask & Send Ethereum to MetaMask
After you buy Ethereum on eToro, you are ready for the next step: storing your ETH. To be able to buy on an NFT marketplace, you have to keep your ETH in a digital wallet. Fortunately, with eToro, it’s very easy to send your ETH to a digital wallet like MetaMask.
First, head to MetaMask and download the desired version of the app. There is either a browser add-on you can download or a mobile phone app, depending on which one is more convenient for you.
Set up your digital wallet using a secure password. You will also receive a phrase that you need to keep somewhere safe; this phrase is the only thing that will help you regain access to your digital wallet in case you forget your password.
After you set up the digital wallet, all you’ve got to do is go back on eToro and send your ETH to MetaMask. Simply open your eToro wallet, and click on “Send” under “Ethereum”. Paste the wallet address on eToro, which can be found when opening your MetaMask app.
Step 5: Connect to an NFT marketplace
If your ETH doesn’t arrive in a few minutes in your MetaMask, there’s no need to worry. It may take more than one hour if the ETH blockchain is very busy at the time of your transaction. However, when it is not busy, the transaction is typically finished within a few minutes.
Once you receive your ETH, the next step is to choose a marketplace and connect your digital wallet. Doing this varies from platform to platform, but it is generally quite straightforward. For instance, on OpenSea, there’s a wallet icon on the top right side that you need to click on. Then, MetaMask will ask you to confirm that you want to connect your wallet.
Step 6: Buy Mark Cuban NFTs
Once your wallet is connected, you are ready to buy your favorite Mark Cuban NFT! Simply search for the desired asset, then choose either to buy it immediately or place a bid. Once the transaction is carried out and your funds are sent, you will receive the NFT in your wallet.
How to Buy Mark Cuban NFTs – Conclusion
In this guide, we’ve introduced you to everything you should know about buying Mark Cuban NFTs, why you should consider these assets, and how to do it. Buying Mark Cuban NFTs is an excellent way to expand your collection without wasting money on faked assets. As the industry keeps expanding, buying and holding or selling NFTs also makes sense from a financial standpoint.
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