Mark Cuban invests in crypto wallet Blocto

Blocto - a mobile application that allows users to access blockchain, use DApps, send and receive their crypto - confirmed Mark Cuban as its new investor

Blocto, the NFT and crypto wallet has confirmed that the Dallas Mavericks owner and serial investor Mark Cuban has invested in the company.

Blocto’s previous backers include Animoca Brands, Alameda research, 500 Startup, Olive Tree Capital, AppWorks, Animal Ventures and CMS Holdings.

Cuban has been a crypto advocate for quite some time and his investment in a wallet is, therefore, unsurprising.

Recently he admitted he owned $500 worth of Dogecoin and that his investment increased to $1,500 as of October. He also owns Bitcoin and other altcoins like Ether.

In a recent podcast, he said he had a “fair share of Bitcoin”, but that he was more of an “Ethereum maxi”.

Blocto is a cross-chain smart contract wallet with a seamless user experience. Users can easily access dApps, crypto, and NFT assets, no matter which blockchain they are built on; developers can integrate with Blocto SDK service and create a frictionless onboarding experience for their users.

The wallet recently launched its NFT marketplace BloctoBay, where NBA Top Shot were made available to trade and store in the Blocto wallet.

Blocto users have also grown steadily with 70% month-over-month user growth over the past 10 months during the year 2021.

Hsuan Lee, CEO of portto – Blocto’s owners – said the company was happy to be having “such a diverse group of partners believing in our mission in making blockchain simple for everyone”.

“Our phenomenal growth in 2021 has showcased the growing need for an easy-to-use entrance for all things related to blockchain, and we will use this funding to expand our offerings and reach out to a wider range of user,” he said.

Blocto also added it intended to continue leveraging its products – BloctoSwap, the first DEX on the Flow blockchain, and BloctoBay, the native NFT marketplace to improve the current product offerings.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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