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

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-0.09%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.
The images associated with multiple Ethereum NFT collections from the Nike-acquired RTFKT—which was shuttered late last year—stopped displaying early Thursday due to an alleged issue with cloud hosting service Cloudflare. The company’s flagship Clone X profile picture collection—created in collaboration with noted artist Takashi Murakami—and its Animus collections stopped showing their respective, colorful imagery, and instead all showed the same black background and white text as a result of it...
As more and more games launch on the chain, the Solana gaming ecosystem aims to get a boost from Thursday's launch of the Solana Game Pass—a free NFT that will provide early access to games and potential crypto rewards to players. Available to mint via NFT marketplace Magic Eden, the Solana Game Pass launches with four weeks' worth of promotions across 30 partnered games, comprising "Season 0" of what's planned to be a multi-season program. Players who hold the free NFT will gain early access to...
A CryptoPunks owner sold their NFT for $6 million worth of Ethereum on Thursday, netting a $10 million loss in the process. CryptoPunk #3100, one of nine Alien Punks in the 10,000-piece collection and the only one with a headband, sold for 4,000 ETH or about $6,076,840 at current prices via a private offer on the CryptoPunks marketplace. The deal was allegedly brokered by crypto art brokerage Fountain. The anonymous seller had initially purchased the #3100 in March 2024 for 4,500 ETH, or aroun...