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Matt Damon Shares Story Behind His Crypto Commercial – Featured Bitcoin News

April 1, 2023
in Crypto Updates
Reading Time: 3 mins read
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Hollywood Star Matt Damon Share Story Behind His Crypto Commercial

Well-known Hollywood actor Matt Damon has revealed the story of how he turned concerned in making a cryptocurrency business referred to as “Fortune Favors the Courageous” with Crypto.com. After the discharge of the crypto advert, Damon confronted international criticism for his involvement in it.

Matt Damon Talks About His Crypto Industrial

Well-known actor and producer Matt Damon shared how he turned concerned in making a cryptocurrency commercial with crypto change platform Crypto.com in an interview with the Related Press on Wednesday. The Oscar-winning actor is thought for his roles in films akin to Good Will Searching, Saving Personal Ryan, and the Bourne franchise.

“The story behind that for me personally was that we had a down 12 months in Water.org, and I did that business in an try to boost cash for Water.org,” the well-known actor stated, including:

I gave my complete wage to Water.org as a result of we had been down. Crypto.com heard about that and so they gave $1 million to Water.org … simply on their very own. So, I positively have a whole lot of gratitude to them and for what they did for our basis.

Water.org is a worldwide nonprofit group co-founded by Damon that brings secure water and sanitation to folks in want.

Crypto.com launched the “Fortune Favors the Courageous” business that includes Damon in October 2021. It was directed by Oscar-winner Wally Pfister.

Nevertheless, the business obtained a whole lot of criticism. Whereas some folks argued that the commercial was deceptive, because it offered cryptocurrency as a safe and simple path to incomes cash, others criticized it for selling funding in an unstable and unregulated market. Moreover, some people speculated that Damon’s involvement within the advert was solely to earn a revenue and that he didn’t genuinely imagine in the advantages of cryptocurrency.

Plenty of cryptocurrency companies aggressively promoted their companies in 2021 and 2022. Crypto firms spent a mixed $39 million shopping for Tremendous Bowl spots in 2022, in keeping with knowledge consulting agency Kantar. Among the many crypto companies with a business that includes celebrities was the now-defunct crypto change FTX whose advert featured Tom Brady and Gisele Bündchen.

Do you suppose Matt Damon ought to have accomplished a crypto advert? Tell us within the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

Picture Credit: Shutterstock, Pixabay, Wiki Commons, Denis Makarenko / Shutterstock.com

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any injury or loss brought on or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

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