{"id":444570,"date":"2022-05-10T09:02:36","date_gmt":"2022-05-10T06:02:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/commercial-smart-contract-adoption-next-market-driver-mark-cuban\/"},"modified":"2022-05-10T09:02:36","modified_gmt":"2022-05-10T06:02:36","slug":"commercial-smart-contract-adoption-next-market-driver-mark-cuban","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/commercial-smart-contract-adoption-next-market-driver-mark-cuban\/","title":{"rendered":"# Commercial smart contract adoption next market driver: Mark Cuban"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a39ba56c9512\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a39ba56c9512\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/commercial-smart-contract-adoption-next-market-driver-mark-cuban\/#%E2%80%9D_Commercial_smart_contract_adoption_next_market_driver_Mark_Cuban_%E2%80%9C\" >&#8221; Commercial smart contract adoption next market driver: Mark Cuban &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Commercial_smart_contract_adoption_next_market_driver_Mark_Cuban_%E2%80%9C\"><\/span>&#8221; Commercial smart contract adoption next market driver: Mark Cuban &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvODFjZTQ5ZmQtN2YyNS00YmNlLTk4ZmYtYjA1MDRkN2ViZDZmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Billionaire investor Mark Cuban has tipped commercial smart contract adoption as the next catalyst to drive the crypto and blockchain sector. <\/p>\n<p>The Dallas Mavericks owner and crypto proponent was commenting on the current \u201clull\u201d state of the crypto market in comparison to the internet or dot com bubble in the early 2000s, which saw a lot of over-hyped and relatively similar companies collapse. <\/p>\n<p>The crypto market is painting a fairly grim picture of late with nearly all of the top 100 digital assets facing double-digit losses over the past seven days. <\/p>\n<p>There are likely to be several factors behind the bearish sentiments, such as the Federal Reserve\u2019s recent policy updates. However, on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> earlier today Cuban also pointed to a current \u201cimitation phase\u201d in crypto\/blockchain as opposed to genuine innovation.<\/p>\n<p><strong>\u201c<\/strong>Crypto is going through the lull that the internet went through,\u201d he said. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Crypto is going through the lull that the internet went through. After the initial surge of exciting <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s, NFTs, DeFi, P2E, we saw the imitation phase as chains subsidized the movement of those apps to their chains (ala bandwidth and storage subsidies by startups in the 2000s)<\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mcuban\/status\/1523663025202368512?ref_src=twsrc%5Etfw\">May 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nIn Cuban\u2019s view, the blockchain projects that purely \u201ccopy what everyone else has\u201d by bridging over NFTs to DeFi protocols will die out eventually, as he argues that they are not required on every chain. <\/p>\n<p>Instead, he opined that smart contract platforms geared towards commercial usage and replacing software as a service (SAAS) apps will thrive long term: <\/p>\n<blockquote><p>\u201cWhat we have not seen is the use of Smart Contracts to improve business productivity and profitability. That will have to be the next driver. When businesses can use Smart Contracts to gain a competitive advantage, they will. The chains that realize this will survive.\u201d<\/p><\/blockquote>\n<p>In terms of recent institutional backing of smart contract platforms, CoinShares\u2019 crypto funds report for all of 2021 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pd.coinshares.com\/l\/882933\/2022-01-04\/4tkpf\/882933\/1641478350n5MmZmCQ\/Digital_Asset_Fund_Flows_Annual_Summary.pdf\">shows<\/a> that Ether (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA) were the options of choice for the heavy hitters last year. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Mark Cuban proposes using Dogecoin to solve Twitter&#8217;s crypto ad problem<\/em><\/strong><\/p>\n<p>According to the report, funds offering exposure to ETH were the resounding favorite, garnering a whopping $1.38 billion, next in line were Solana funds at $219 million, Polkadot products generated $116 million, and Cardano funds also pulled in $115 million.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/commercial-smart-contract-adoption-next-market-driver-mark-cuban\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Commercial smart contract adoption next market driver: Mark Cuban &#8220; Billionaire investor Mark Cuban has tipped commercial smart contract adoption as the next catalyst to drive the crypto and blockchain sector. The Dallas Mavericks owner and crypto proponent was commenting on the current \u201clull\u201d state of the crypto market in comparison to the internet&#8230;<\/p>\n","protected":false},"author":1,"featured_media":444571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvODFjZTQ5ZmQtN2YyNS00YmNlLTk4ZmYtYjA1MDRkN2ViZDZmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75434,117,48,72590],"class_list":["post-444570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-smart-contracts","tag-business","tag-internet","tag-mark-cuban"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/444570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=444570"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/444570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/444571"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=444570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=444570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=444570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}