Floor Price of Johnny Depp’s NFT Soars After Actor Wins Defamation Lawsuit Against Amber Heard

On June 1, Johnny Depp was announced the winner of his hugely popular defamation suit against his ex-wife, Amber Heard.

On June 1st, Johnny Depp was announced the winner of the highly publicized defamation suit against his ex-wife, Amber Heard. As the jury’s verdict ruled in favor of Depp, the price of an NFT collection featuring the popular actor soared to new highs. 

Johnny Depp’s NFT Soars

NFT collection ‘Never Fear Truth‘, which features the art of Pirates of the Caribbean star, Johnny Depp, saw its price improve after the actor won his defamation suit against ex-wife Amber Heard on June 1st.

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Depp’s NFT collection was launched in January, but, failed to gain much traction. However, with Depp being judged  the winner of the defamation suit, the collection’s price sprung into an uptrend. 

The collection launched with a starting price of 0.70 ETH, with peak sales being logged on March 11th at 1.64 ETH. However, by the following week, the price had fallen to as low as 0.55 ETH. 

The 3,850 ‘Never Fear Truth‘ NFTs had held a floor price of 0.446 ETH (around $820). On June 2nd, one day after the jury announced the verdict of the case, the collection saw its floor price ascend to as high as $900. 

The ‘Never Fear Truth’ collection of generative art on OpenSea was minted on Ethereum, and consists of 3,850 NFTs created by Johnny Depp. 

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The collection features images of “friends and heroes” from Depp’s past, including Heath Ledger, Tim Burton, River Phoenix, Elizabeth Taylor, Al Pacino, and Hunter S. Thompson.

On the Flipside

Why You Should Care

Depp is become one of many celebrities to have entered the NFT marketplace, as NFTs continue their push to go mainstream and revolutionize digital art.

Read more about Kanye’s recent NFT and metaverse filings below:

Kanye West Reverses NFT Disinterest, Files 17 New NFT and Metaverse Trademarks

Check out some other celebrities and brands that have made their way into NFTs below:

Prada Releases Time Capsule NFT Collection on Ethereum

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia