Why Keanu Reeves is wrong about NFTs

Why Keanu Reeves is wrong about NFTs

Keanu Reeves is one of the most popular actors in Hollywood. He has starred in cult classics such as Bill and Ted's Excellent Adventure, The Matrix, and Point Break. He is known for gifting Rolexes to other artists, making massive donations to children's hospitals, and being an overall dazzling person. Given Reeves' track record of being such an amazing person, it almost feels blasphemous to say that he is wrong. Still, his take on NFTs couldn't be further from the truth.


What did Keanu Reeves say?

In an interview with The Verge, Keanu Reeves couldn't help but laugh when asked about the NFTs made for the new movie Matrix: Resurrections. When the interviewer asked Reeves about the digital scarcity and the things that can't be copied, Reeves insisted that NFTS be "easily reproduced." While I can't deny that Keanu Reeves is an amazing person, I can't help but think that he is missing the point regarding NFTs.

Interestingly, the interview also revealed that Keanu Reeves is a crypto holder even though he did not purchase the tokens himself. Reeves' friend gave him a cryptocurrency that he keeps happy. Still, he seems less interested in getting NFT.


Are the NFTs easily reproducible?

The "right click + save" argument is nothing new for NFTs. Naysayers have claimed that storing a JPEG on your PC is as good as having an NFT ever since digital assets became common. Still, this rhetoric seems to come primarily from ignorance of the blockchain. Yes, you can save any image available on the Internet to your PC, just like you can photocopy any important artwork, but is a copy of the Mona Lisa the same as the original painting?

NFTs are essentially purchasing receipts with unique encryption that makes them nearly impossible to reproduce. When an artist mints an NFT, he does so from a specific wallet address at a specific time. Even if he saved an image to his PC and used it to record an NFT that looked exactly like the one he is copying, the asset ID, creator's address, and the date and time the NFT was created would be completely different.


Will this rhetoric ever change?

Although technically several years old, NFTs are essentially in their infancy. The NFT community is still rife with scams that leave many with the impression that all NFTs are inherently fraudulent. Still, many NFT scams target buyers who don't fully understand what an NFT is. As NFTs become more popular, people become more familiar with the concept and learn to spot scams more easily until many scams aren't even worth trying.

When the majority of the population has a better understanding of what an NFT really is, we are less likely to hear the "right click + save" argument. However, there will always be detractors who make their living being opposites. If you love NFTs and understand the difference between an original NFT and a copy, you should not let this rhetoric sway your mind, even if the detractor is a popular celebrity.


©nftplazas

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