Business

Keanu Reeves, the Matrix actor on Crypto and NFTs:

Keanu Reeves is a cryptocurrency holder, but he hasn’t bought any himself. He also does not want Meta, formerly known as Facebook, to be the one who creates the metaverse. Non-fungible tokens (NFTs) also make him giggle.

When questioned about the metaverse in an interview with The Verge last week, Reeves, who plays a pivotal role in the Matrix film trilogy, looked troubled. The concept of the metaverse, he claims, is far older and doesn’t need to be in Mark Zuckerberg’s social media empire.

The metaverse, according to Reeves, has a lot of potential. He remarked, “It’s content production, it’s economic creation [in terms of] cryptocurrencies.”

The actor, who has appeared in films such as the John Wick franchise, Speed, Point Break, Constantine, and others, is a bitcoin HODLer. Despite the fact that he hasn’t purchased any cryptocurrency himself, Reeves revealed that a friend did so for him a while ago — and it’s just sitting there. During the interview, he stated, “Yeah, I have a little HODL.”

The actor, on the other hand, has been tight-lipped about which cryptocurrency he owns and how much of it he has. His net worth is estimated to be $380 million by an independent tracker online, however he is known to quietly donate to charity.

When the subject of non-fungible tokens (NFTs) was brought up, Reeves burst out laughing. “That are easily reproduced?” Reeves responded to a query regarding digital scarcity and NFTs. ”

This could be due to a misunderstanding about NFT’s ability to provide proof of ownership – or the fact that at least a few NFT projects sell little more than pixelated image art that can be right-clicked and saved by anyone looking to replicate it.

A website offering free downloads of “pirated NFTs” was launched in November. Picture-only NFTs may lose their appeal in the long run as a result of such websites and the simplicity with which individual image files can be saved in a browser.

NFTs, on the other hand, are more than just a browser picture; they reflect ownership of unique goods using blockchain security. In a metaverse game, for example, NFT-based graphics could be utilised as a player’s ‘avatar.’ Furthermore, in recent months, NFTs have evolved to serve novel purposes or provide NFT holders with exclusive membership perks.

NFTs are the NFTs of Matrix Resurrections

The Warner Brothers studio used NFTs in an unique way to promote the upcoming film Matrix Resurrections last week. They sold 100,000 avatars, each costing $50, and the chance to be a unique character in the Matrix universe. Over 300,000 people queued up for the servers at opening, causing them to be swamped.

After they sold out, there was a secondary market set up for those who were interested. Not surprisingly, the minimum resale price is now $120, representing a 140 percent profit over the initial $50 price, with some avatars seeking as much as $99 million.

Leave a Reply

Your email address will not be published.