WEBVTT

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- Since there's been a lot of people

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that have endorsed it before,

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do you see any of those

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like any more celebrities
trying to break into the scene

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or have they been scared
away by the fallout of FTX?

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I mean, Shaq's been
chased across the country

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by lawyers trying to serve in papers.

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So is this like a warning sign

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like no one else is gonna be trying this?

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Or do you see something else happening?

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- I mean, turn on your TV,
do you see celebrities,

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athletes shilling crypto anymore?

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Most of those ads have gone
away and it's because, you know,

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they've realized unfortunately
in retrospect, oops,

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probably shouldn't have done that.

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At best, you have done
something that I find

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and I think most of the
public at this point

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at least a large percentage
finds sort of sketchy,

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morally ethically objectionable.

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You know, you're
encouraging people to invest

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in these things that
are often pretty shady.

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And there may be legal liability as well.

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I mean, we'll have to let the
courts, you know, decide that.

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So the celebrities are sort of realizing

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in retrospect, oops, probably
shouldn't have done that.

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I don't think most of
them are gonna return.

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It is interesting to see
how some of it changes.

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I mean, you'll see people are still trying

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to sell NFTs a little
bit, although even though

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the market's basically gone.

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And most of the NFT market was below need

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to begin with anyway.

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But yeah, I mean, for the most part

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I think celebrities are like,
you know, realizing that

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it was not a good idea and
they shouldn't do it again.