NFTs Are Attracting A Lot Of Star Power From Hollywood; Should We Be Worried?

NFTs Are Attracting A Lot Of Star Power From Hollywood; Should We Be Worried?

LOS ANGELES, CA - DECEMBER 26: Los Angeles Clippers and Denver Nuggets players warm up near the new ... [+] Crypto. com arena logo that replaced Staples Center at an NBA game on December 26, 2021, at Crypto. com Arena in Los Angeles, CA. (Photo by John McCoy/Icon Sportswire via Getty Images) Lindsay Lohan, Jimmy Fallon, Paris Hilton, Matt Damon, and Reese Witherspoon. These are only some Hollywood heavy-hitters that have thrown their weight behind NFTs and crypto in the last few years. In recent memory, Lindsay has probably been the most vocal about it, and the reaction from the Twitterverse has been mixed, probably skewed more towards outrage than acceptance. As with everything involving celebrities, there is some controversy around the increased involvement of celebrities in the NFT space. There seems to be a level of interconnectedness between celebrities, the powerful agencies that represent them, and NFTs. Super agencies like CAA have large stakes in the NFT marketplace, Opensea, and they also happen to represent celebrities like Jimmy Fallon. Reese Witherspoon is also married to Jim Toth, one of the agency's most powerful agents. The conclusion that most skeptics seem to be drawing is that these celebrities are gearing