Reese Witherspoon, a renowned actress, has joined other celebrities crossing over to the Ethereum non-fungible token (NFT) ecosystem. The actress recently bought her first Ethereum (ETH) coins.

Witherspoon announced the news on Monday. In a tweet, she also said that she’s interested in knowing “about amazing women creating NFTs.”

However, her joining the NFT space attracted advice from a fellow celebrity, Snoop Dogg. In the NFT world, Dogg uses the name “Cozomo de’ Medici,” and his NFT collection is estimated to be worth over 17 million US dollars.

In response to Witherspoon’s request to get views from Crypto Twitter, the rapper recommended that the actress link up with OpenLaw’s operations chief, Priyanka Desai. Desai is also a member of the Flamingo decentralized anonymous organization (DAO).

In a tweet, Cozomo de’ Medici suggested “a conversation with @pridesai, one of the most influential women in NFT, who can then connect [the actress] with the most incredible female artists, collectors, and innovators in our world.”

I’ll Have a “Reese” Tattoo If the Actress Purchase Deadfellaz

Although Witherspoon is yet to respond, she has been seen interacting with replies from other NFT projects such as World of Women and Stoner Cats. Notably, The Stoner Cats project is linked to Mila Kunis, an actress.

However, Witherspoon’s tweet announcing the purchase of an NFT attracted other types of comments. For instance, an individual replied that they would honor her with a “Reese” tattoo if she bought a Deadfellaz NFT. “If @ReeseW collects a @Deadfellaznft, then I will get a ‘Reese’ tattoo,” the Twitter user commented.

Others like @DCLBlogger noted that most celebrities entering the NFT space are interested in dropping their “own set of NFTs” “five days” after announcing their entrance into the ecosystem.

Notably, the NFT mania has spread from celebrities to exchanges. For example, Coinbase recently announced that it would start supporting Ethereum-based NFTs. The marketplace, called “Coinbase NFT,” will allow trading of NFTs.

Coinbase forecasts that the platform will be operational before the end of 2021. According to Coinbase, the current breed of NFT marketplaces lacks in user experience.

As such, the cryptocurrency exchange noted its market would not only be “more accessible” but also have “intuitive interfaces [to ease] complexity.”

Coinbase Follows the Footsteps of Binance and FTX.US

The introduction of a Coinbase NFT marketplace comes on the heels of FTX.US announcing a similar offering for NFTs based on the Solana blockchain. Binance already has an NFT marketplace that it launched in June. The offering aims at reducing transaction costs.

More than crypto exchanges and celebrities crossing over to the NFT scene, existing NFT creators are looking for more use cases.

For instance, Yuga Labs, the creators of the Bored Ape NFT project, signed with Guy Oseary, a tech investor, to spread wings to other fields such as television, video games, music, and film.

Besides dominating the NFT space, Ethereum is also beating other blockchains on the amount locked on decentralized finance (DeFi) protocols.

The total value locked or TVL in DeFi platforms across different top blockchains has swelled to reach over $200 billion. Notably, in 2021, this value has skyrocketed by more than 800 percent. At the beginning of the year, the amount was slightly above 21 billion USD. Now, it’s at 204 USD billion.

Ethereum Leads with Over $140 Billion, Binance Closely Follows with $20 Billion

According to data from Defillama, Curve, a DeFi protocol, dominates the scene with a TVL of close to 16 billion USD and a dominance rate of 7.75 percent at the time of writing. Note that the protocol is available on other networks such as Polygon and Avalanche.

AAVE (AAVE), MakerDAO (MKR), Instadapp (INST), Wrapped Bitcoin (WBTC), and Compound occupy the second, third, fourth, fifth, and sixth position, respectively. Their TVL currently stands at $14.76 billion, $13.62 billion, 11.95 billion, 11.56 billion, and 10.27 billion, respectively.

Notably, apart from Curve and AAVE, the other top seven DeFi platforms run solely on Ethereum. Also, the three leading DeFi protocols control over 27 percent of the total TVL.

Despite the over $200 billion being shared between Binance, Harmony, Terra, Celo, Ethereum, Fantom, Solana, Arbitrum, Ethereum, and Solana, Ethereum takes the lead with slightly above 69 percent dominance. This represents over $140 billion in total value locked.

Interestingly, its closest competitors, Solana and Binance, command approximately $10 and $20 billion, respectively.