Images of various persons Depp refers to as “friends and heroes” may be found in the NFT collection on OpenSea.
After Johnny Depp won a defamation action against ex-wife Amber Heard yesterday, the price of an NFT collection containing his artwork has risen.
As of this writing, the 3,850 “Never Fear Truth” NFTs have a floor price of 0.52 ETH (about $944). The collection has not experienced any traction since March 11, when its floor price reached with 1.64 ETH, before the televised defamation trial. According to CoinMarketCap, Ethereum was trading at $2,664 at the time. With a starting price of 0.70 ETH, the collection was originally released in January.
Depp’s artwork is featured in the “Never Fear Truth” collection of generative art on OpenSea, which is minted on Ethereum. MakersPlace certified the project’s authenticity last month. Heath Ledger, Tim Burton, River Phoenix, Elizabeth Taylor, Al Pacino, and Hunter S. Thompson are among the “Friends and Heroes” from Depp’s history featured in the collection.
Depp appears in 607 of the pieces.
The description states, “In this first public exposure of Johnny’s painting, he has focused on persons he has known well, and who have inspired him as a person.” “Each photograph is a representation of how they have disclosed themselves to Johnny, an intimate reflection of their character in his eyes.”
Non-fungible tokens (NFTs) are cryptographically distinct tokens that are tied to digital (and occasionally physical) information and serve as evidence of ownership. Each “Never Fear Truth” NFT will operate as a subscription to a creative community and future Depp releases, according to the OpenSea listing.
Depp is far from the first controversial figure to enter the NFT business. Ice-T, the rapper-turned-actor, debuted an NFT line with Niftify in December. The protest song “Cop Killer,” written from the perspective of a character fed up with police violence, was featured on Ice-1992 T’s album “Body Count,” which sparked nationwide outrage.
Of course, NFTs have sparked debate, with gamers and artists objecting to what they regard as a cash grab or worse, a hoax, not to mention the environmental impact of NFTs minted on proof-of-work blockchains like Ethereum, which is transitioning to a proof-of-stake protocol.