Crypto continues to attract the best of the best. We've handpicked a few of your favorite celebrities that joined our crypto community over the past year.
Learning from his previous mistakes, Mayweather launched a new NFT project Mayweverse — consisting of a collection of 5,000 NFTs. The boxer’s track record in being involved with projects that have rug-pulled investors has left his fans and the general public with mixed feelings about the new crypto project.Hollywood superstar Matt Damon received $1 million in donations from crypto exchange Crypto.com for Water.org, a clean-water initiative co-founded by Damon and Gary White in 2009.
attracted criticism from a majority of the crypto community. Investors retaliated against Damon’s suggestion of “Fortune favors the brave” as the bear market resulted in massive losses across the industry.Going against the rising trend of celebrity-backed NFT projects, consumer watchdog group Truth in Advertising called out 19 celebrities promoting NFTs without disclosing their connection to the projects.
The non-profit consumer advocacy company revealed its intent to investigate celebrities that promote “deceptive” crypto investments. The website states:Responding to TINA.org’s letters related to the promotion of NFTs on their social media accounts without disclosing their connection to the projects, Justin Bieber’s legal team responded by denying any wrongdoing. However, the team confirmed to update the posts on social media.
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