Johnny Depp’s NFT Collection Goes Up in Price After Defamation Trial Verdict
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Johnny Depp’s NFT Collection Goes Up in Price After Defamation Trial Verdict

Actor Johnny Depp’s NFT collection witnessed a huge spike in price. This comes days later the jury found in favor of Depp on all three counts, finding that Heard had not only made false and defamatory statements, but had done so with “real evil.” Depp’s ‘Near Fear Truth’ NFT collection was launched in late January 2022. Since its launch, he alone witnessed a total trading volume of 1500 Ethereum. However, after the verdict, the same NFT collection skyrocketed in trading volume and saw a trading volume of $352,000. According to data obtained from OpenSea, Depp’s NFT recorded 212 sales since the verdict. Each NFT has been sold at an average price of 0.8 ETH. A report by Coinquora reveals that Depp’s collection had barely seen any transactions before the trial, going back to March 2022. The collection had an initial price of 0.70 ETH at launch with 11,111 NFT of generative art. The best of Express PremiumTop qualityExplained: Engagement with the TalibanPremiumUrban agriculture can help make cities sustainable and liveablePremiumThe dangerous intellectual fashion of 'civilizationism'The Premium Depp Collection is inspired by Heath Ledger, Elizabeth Taylor, Al Pacino, Hunter S. Thompson, Tim Burton and River Phoenix, among others. Interestingly, one of the artworks also included a portrait of his dog, himself, and a character based on his son’s dreams along with 607 self-portraits. β€œHaving a Never Fear Truth NFT will grant you access to Johnny’s community on Discord; an innovative community platform. A place for fans and friends to meet and collaborate on creative projects. The community on Discord will provide an intimate environment for Johnny to express his creativity; and give you access to unique works, experiences, and future projects in art, music, and film,” reads the description on Johnny Depp’s NFT project website. Meanwhile, jurors concluded that Depp should receive more than $10 million. However, Depp’s victory was not absolute. Jurors also concluded that part of Heard’s counterclaim had merit. They dismissed two of Heard’s three charges, but found that Depp’s lawyer had defamed her and accused her of mistreating her apartment to make himself look worse in the eyes of the police. The jury awarded him two million dollars.

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