Fun

Fortune favors something — Eminem takes Crypto​.com mantle from Matt Damon

News Feed - 2024-04-27 01:04:05

Turner Wright7 hours agoFortune favors something — Eminem takes Crypto​.com mantle from Matt DamonSlim Shady was the latest celebrity to advertise “fortune favors the brave” for Crypto.com following Matt Damon’s ad spot in October 2021.2951 Total views1 Total sharesNewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksAmerican rapper Marshall Mathers, better known as Eminem, has become one of the latest celebrities to tout cryptocurrency exchange Crypto.com.


In an April 26 X post, Eminem released an ad spot showing a boxing training montage interspersed with crypto jargon, including proof-of-work and Crypto.com’s now infamous slogan “fortune favors the brave.” The rapper was one of the first major celebrities to advertise for the cryptocurrency exchange since actor Matt Damon’s ad spot in October 2021.Source: Eminem


It’s unclear under what terms Eminem became the latest celebrity voice to push crypto in the United States following a significant market downturn in 2022, the high-profile collapse of FTX and its former CEO Sam Bankman-Fried, and the U.S. Securities and Exchange Commission stepping up enforcement actions against digital asset firms. The rapper was a member of the Bored Ape Yacht Club, purchasing a nonfungible token (NFT) for $462,000 in 2021. 


In Damon’s Crypto.com ad spot, he appeared amid a digital landscape of historical figures, including the Wright brothers and Sir Edmund Hillary. At the time, the exchange was one of the fastest-growing firms in the crypto space, arranging many sponsorship deals, including renaming Los Angeles’ Staples Center to the Crypto.com Arena — the backdrop for Eminem’s video.


Related:Celebs who got burned endorsing crypto and those that got away with it


Many Hollywood celebrities and sports stars have appeared in high-profile advertisements for crypto firms only to later reassess their role. More than a year after the ad aired, Damon said he only did it to raise money for Water.org, a clean water initiative. Comedian Larry David, who in 2022 appeared in a Super Bowl ad for now-bankrupt crypto exchange FTX, later said he was “an idiot” to do it.


Reactions to Eminem touting crypto appeared to be mixed on social media. Many users created parodies of the rapper’s lyrics to better fit the crypto space — e.g., “Will the real Satoshi please stand up?” — while others questioned whether his sponsorship would turn out differently than Damon’s. The price of Crypto.com’s native token, Cronos (CRO), was seemingly unaffected by the release of the ad spot.


Magazine:Gordon Goner on his dramatic health battles and Bored Apes turning 3# Business# Music# Cryptocurrency Exchange# HollywoodAdd reaction

News Feed

Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors
Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors Following the Terra stablecoin depegging incident, a class-action lawsuit has been filed against the company Ter
Wells Fargo Starts Offering Crypto Investments to Clients
Wells Fargo Starts Offering Crypto Investments to Clients Wells Fargo, one of the largest wealth managers in the U.S., has reportedly started offering crypto inv
Deutsche Telekom announces Bitcoin mining plans at BTC Prague
Josh O"Sullivan10 hours agoDeutsche Telekom announces Bitcoin mining plans at BTC PragueDeutsche Telekom’s plans and Web3 expansion follow its recently established position as a validator on Fetch.ai’s decentralized
Felix Roemer10 hours agoCrypto scams are going to ramp up with the rise of AIRemember HarvestKeeper, the AI project that scammed users for $1 million? You can expect similar AI-based scams to soar over the next couple of
Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure
Report: Deleted Files Indicate Crypto Lender Hodlnaut"s Execs Gave Little Weight to Terra Luna Exposure According to a report, the embattled crypto lender Hodlnaut saw a significan
EigenLayer partners with Ritual to build AI-enabled DApps
Zoltan Vardai10 hours agoEigenLayer partners with Ritual to build AI-enabled DAppsThe partnership will bring new AI capabilities to decentralized applications.3107 Total viewsListen to article 0:00NewsOwn this piece of c
Anupam Varshney10 hours agoOpen source: Buzzword or real security for crypto wallets?Open-sourcing crypto wallet designs offers some benefits, but there are trade-offs as well.479 Total views1 Total sharesListen to artic
Ethereum Fails To Break $2,100 Resistance – Growing Downside Risk?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Tether reports record-breaking $5.2B profit in first half of 2024
Alex O’Donnell7 hours agoTether reports record-breaking $5.2B profit in first half of 2024Tether said its US Treasury reserve surpasses the size of all but 17 of the world’s governments.2011 Total views1 Total shares
Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’
Binance CEO Explains Situation With FTX — Says "We Did Not Master Plan This" Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We di
Roger Ver Donates $10K in Bitcoin Cash to Casa de Amparo Children’s Shelter
Roger Ver Donates $10K in Bitcoin Cash to Casa de Amparo Children’s ShelterJust recently Bitcoin.com’s Roger Ver donated $10,000 worth of bitcoin cash to the charitable orga
Wharton’s Professor Warns About Inflation, Predicts Many Rate Hikes, Says Bitcoin Has Replaced Gold for Millennials
Wharton"s Professor Warns About Inflation, Predicts Many Rate Hikes, Says Bitcoin Has Replaced Gold for Millennials A finance professor at the Wharton School of the University of P