Mark Cuban says he's 'involved' with an upcoming competitor to Clubhouse, the $1 billion invite-only conversation app Silicon Valley can't get enough of

• Mark Cuban will launch a competitor app to the buzzy startup Clubhouse, The Verge reported.
• "All I can tell you is that I'm involved and love the project," Cuban told Insider.
• Clubhouse is an invite-only audio chatting platform worth $1 billion.

Mark Cuban is involved in an upcoming competitor to the hot invite-only audio startup Clubhouse.

Cuban and co-founder Falon Fatemi will launch Fireside, a live-conversation app that allows users to record conversations, $4.

Cuban confirmed to Insider he was involved with Fireside, but declined to answered when the company would launch.

"All I can tell you is that I'm involved and love the project," he said in an email.

Fatemi, once the $4, previously got Cuban to $4 in her startup Node, a AI-as-a-service platform. The co-founder said Fireside would allow for better conversations and prevent social-media echo chambers, she said in an email to creators obtained by The Verge.

Read more: $4

Fireside will "level the playing field by empowering creators based on what they have to say (not how loud they yell) and we give their ideas the reach to turn a single conversation into the seed of the next media empire," Fatemi wrote, according to The Verge.

Conversation-based apps are having a moment

Clubhouse attracted attention recently after high-profile users $4 and $4 hosted talks. The 11-month old $4 allows users to enter "rooms" to discuss topics like sports, entertainment, and business with like-minded people.

Clubhouse, founded by social entrepreneurs Paul Davison and Rohan Seth, already has 2 million users and $4, and its popularity may have inspired a $4 selling invitations to the app on Twitter, Ebay, and Craigslist.

Cuban has been on Clubhouse since last year, per $4. He has invested in other social-media apps like $4, a messaging app built on blockchain, and $4, a messaging app where conversations self-destruct after 30 seconds.

The "Shark Tank" star and Dallas Mavericks owner frequently shares his opinions on politics and business on $4, and has said individualism and having a social conscious $4.