Keanu Reeves appears to have changed his mind about NFTs

midian182

Posts: 8,303   +103
Staff member
Facepalm: Keanu Reeves, who once laughed at the concept of NFTs, is getting into NFTs. The actor and his partner, Alexandra Grant, have become advisers to the Futureverse Foundation, a charitable foundation that aims to encourage artists to create non-fungible tokens for sale in the metaverse.

The Hollywood Reporter writes that the Futureverse Foundation, created in collaboration with Non-Fungible Labs and New Zealand-based NFT company Fluf World, will be funding artists whose works will be turned into NFTs. Its aim is to make the metaverse more accessible to people, especially those from disadvantaged backgrounds.

Reeves, Grant, and Non-Fungible Labs co-founder Brooke Howard-Smith will help artists through the process of transferring traditional artwork into digital NFTs that will go on sale in the metaverse.

"This is the beginning, it's a nascent moment for a technological shift where some people understand that they're already in the metaverse, and some people don't know what an NFT is," said Grant.

While the Futureverse Foundation is a charitable organization, Reeves' involvement does come as something of a surprise given his previous views on NFTs. In December, while giving an interview alongside Matrix star Carrie-Ann Moss with The Verge about the Matrix Awakens Unreal Engine 5 demo, he laughed at the idea of NFT digital ownership when their contents can be "easily reproduced." He also pleaded, "Can we just not have metaverse be invented by Facebook?" and said that a friend bought some for him some crypto a while ago, but he doesn't do anything with it.

It seems Reeves is more open to the idea of NFTs these days. "I am honored to be joining Non-Fungible Labs' efforts in cooperation with Alexandra Grant for the extraordinary program and opportunity of the Futureverse Foundation, in support of artists and creators globally," the actor said in a statement.

The recent cryptocurrency crash has had an impact on the NFT market. According to The Block, the total monthly volume in May was down to $4 billion. That's still a lot of money, of course, but it's a 75% decline from the $16.5 billion markets saw back in January. eBay doesn't seem worried, though, having just acquired NFT marketplace KnownOrigin.

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Skjorn

Posts: 711   +582
Yall hate it soooo much lol
NFTs aren't just stupid .jpegs only
Feel like blockchain and nft would do a lot for curbing identify theft.
 

pcnthuziast

Posts: 1,376   +1,169
When the poor no longer have utility as a resource for the rich because automation and technology have bridged the gap, don't expect empathy. When the poor are almost exclusively a burden, genocide will be squarely on the table as an option. Without a veil, no less.
 

captaincranky

Posts: 19,120   +8,232
Mr.Reeves has been living in an artificial reality for the past 20 years. (The Matrix"). At some point apparently, it has rubbed off.

Sorry, I meant "rubbed off dude".
 

Avro Arrow

Posts: 3,042   +3,939
TechSpot Elite
Mr.Reeves has been living in an artificial reality for the past 20 years. (The Matrix"). At some point apparently, it has rubbed off.

Sorry, I meant "rubbed off dude".
images
 

hwertz

Posts: 192   +114
I appreciated Bitcoin specifically, insofar as there's a limited supply of them & by design the more are out the harder it is to "mine" the next one; no way to just dump out a bunch more and flood the market with them; conversely (other than buying some up and sitting on them) there's also no way to take a bunch off the market and restrict the supply. I think a lot of these cryptocurrencies lost track of this important property -- like, OK, they still use blockchain so transactions can be "proved". This doesn't help a given crytpocurrency have any particular value when they can just churn out (in the case of one of them last week) billions of new coins to try to maintain a particular value for the pool.

NFT? I don't get it at all. So, the blockchain "proves" ownership of the token -- but it's not like the little image you "own" is even on the blockchain -- usually it's just a short web URL that is supposed to point to the image (but already, under 2 years into the NFT hype, there's quite a few that already point to "404", after getting thousands to millions of dollars on these NFT sales they have not even bothered to keep the web server up and running with all the images on it.)

To me, NFT=a decent way to prove a transaction took place + massive MASSIVE hype over somehow claiming the items they bought have massive value because of the way the purchase was tracked.