Mark Cuban throws his weight behind dClimate

Billionaire investor, Mark Cuban has backed Decentralized Data Marketplace, dClimate with $3.5 million.

The Dallas Maverick owner also becomes a strategic adviser to the company.

Cuban while talking to Coindesk about his latest investment, expressed excitement.

“There is no reason why there can’t be an AMM [automated market maker] that offers various types of insurance. That is what gets me excited about dClimate,”  

dClimate’s Jha said the money generated from Cuban’s investment will be channeled towards hiring staff and improving the company’s operations.

“We’re in build mode,” Jha said. “We’re hiring on the tech side, and adding many features that would be very useful to all sorts of different industries.”

Next: Digital Euro is a threat to Bank deposits – Morgan Stanley

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

Check Also


Ex SEC Official says more Bitcoin ETFs will be approved

Former U.S. Securities and Exchange Commission (SEC) branch chief Lisa Bragança believes that the market …

Leave a Reply

Your email address will not be published. Required fields are marked *