— Never Fear Truth (@JohnnyDeppNFT) June 1, 2022

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5.05%Reading
An NFT collection featuring artwork by Johnny Depp has seen its price jump after the actor won a defamation suit against ex-wife Amber Heard yesterday.
— Never Fear Truth (@JohnnyDeppNFT) June 1, 2022
The 3,850 "Never Fear Truth" NFTs have a floor price of 0.52 ETH (around $944) as of this writing. Before the televised defamation trial, the collection had not seen much traction since March 11, when its floor price peaked at 1.64 ETH. At that time, Ethereum was trading at $2,664, per CoinMarketCap. The collection first launched in January with a starting price of 0.70 ETH.
The "Never Fear Truth" collection of generative art on OpenSea is minted on Ethereum, featuring artwork by Depp. The project was verified as authentic by MakersPlace last month. Among the collection are images of "Friends and Heroes" from Depp's past, including Heath Ledger, Tim Burton, River Phoenix, Elizabeth Taylor, Al Pacino, and Hunter S. Thompson.
607 of the pieces feature Depp himself.
“In this first public exposure of Johnny's art, he has focussed on people he has known well, and who have inspired him as a person,” the description reads. “Each image is an intimate reflection of their character in Johnny's eyes; a portrayal of how they have revealed themselves to him.”
Non-fungible tokens (NFTs) are cryptographically unique tokens linked to digital (and sometimes physical) content, providing proof of ownership. According to the OpenSea listing, each "Never Fear Truth" NFT will act as a membership to a creative community and future releases by Depp.
Non-fungible tokens, or NFTs, are digital assets that are provably unique. They can be used to represent both tangible and intangible items.
Depp is not the first controversial celebrity to enter the NFT marketplace. In December, the rapper turned actor Ice-T launched an NFT collection with Niftify. Ice-T's 1992 album "Body Count" was nationally controversial for the protest song "Cop Killer," written from the perspective of a character fed up with police brutality.
On January 21, the YouTube channel Folding Ideas, created by Dan Olson, posted a video titled “Line Goes Up—The Problem with NFTs.” The video is well over two hours long and criticizes cryptocurrency and NFTs. It’s since gone viral, with nearly 4 million views and 232,000 likes. Here’s a roundup of the video’s key points relating to NFTs, which are unique tokens that exist on a blockchain like Ethereum. NFTs prove one’s ownership over a digital asset such as an image or a video. In his video, O...
Of course, NFTs have become controversial, with gamers and artists pushing back against what they see as a cash grab or, worse, a scam, not to mention the environmental impact of NFTs minted on proof of work blockchains like Ethereum that is in the process of shifting to a proof of stake algorithm.
Three years after a peak NFT mania that drove monthly trading volume to billions of dollars and put the Bored Ape Yacht Club on The Tonight Show, the collectible tokens are once more gaining steam—and so is popular NFT marketplace OpenSea. NFT trading volume recently hit a three-month high, and after marketplace competitor Magic Eden concluded its own ME airdrop, speculation is heating up about a potential OpenSea token. The marketplace may or may not be teasing it, recently asking X (formerly...
The Philadelphia 76ers have launched "Spectrum Sprint," a free-to-play mobile game with Web3 elements, in collaboration with Crypto.com—a team sponsor since 2021. The NBA team’s game features a pixel art vibe, with side-scrolling gameplay that challenges players to navigate iconic Philadelphia landmarks and dash down Broad Street towards the team’s former Spectrum arena. Players can unlock digital collectibles and compete for exclusive prizes across four tiers: Rookie, Pro, All-Star, and Legend....
Nifty Island embraced a wide array of established communities in Web3 to help expand its Roblox-style metaverse game. Now it’s rewarding them. The project, which pioneered the now-popular “play-to-airdrop” campaign, just launched ISLAND, an Ethereum-based utility token that serves as the ecosystem token for its in-game economy. Below, learn everything you need to know about ISLAND now that it's live. What is ISLAND? ISLAND is the native token of the Nifty Island ecosystem, offering holders “i...