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HOME > News > LATEST NFT NEWS & METAVERSE > ‘Never Fear Truth’ NFT prices peak on OpenSea after Johnny Depp wins Defamation case
LATEST NFT NEWS & METAVERSE

‘Never Fear Truth’ NFT prices peak on OpenSea after Johnny Depp wins Defamation case

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Posted news room June 7, 2022 849 Views 5 Min Read
Updated 2022/06/07 at 6:17 AM
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Never Fear Truth Genesis NFT collection designed by Johnny Depp peaks at an all-time high following the jury’s decision regarding Johnny Depp and Amber Heard’s defamation trial. The actor won the case and was awarded $10 million in compensatory damages and $5 million in punitive damages, while Heard was awarded $2 million in compensatory damages only. 

Contents
Johnny’s wins, NFTs become high in demandWhy is Never Fear Truth so popular right now?

For the past few years, many celebrities have dropped their NFT collections featuring a special part of their lives. Johnny Depp was among those actors who also launched an NFT collection called “Never Fear Truth” featuring hand-painted NFTs of his colleagues including Heath Ledger, Tim Burton, River Phoenix, Elizabeth Taylor, Al Pacino, and Hunter S. Thompson.

Johnny also calls this collection friends and heroes, as it showcases figures who played a huge role in the actor’s life and influenced him to become a better person. Through this collection, Johnny not only wanted to convey his passion for art but also to appreciate people and give something to his fans as a gift of their undying support.

On the official website, the description details: “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. Each image is an intimate reflection of their character in Johnny’s eyes; a portrayal of how they have revealed themselves to him.”

Never Fear Truth is a collection of 3,850 NFTs that was launched in January 2022, before the defamation trial began. As soon as it dropped on OpenSea, it had a floor price of 0.70 ETH. The collection peaked in popularity among Johnny Depp’s fans in March with a floor price of 1.64 ETH($3,102) with a trading volume of $2,664. After that, the crypto market crashed and Ethereum dropped to lower lows, so the NFT didn’t rise to demand in the marketplaces.

At the beginning of the defamation trial, no one was really paying attention to Johnny’s NFTs except his few fans. Everyone was invested in following every single trial taking place in the American court.

Johnny’s wins, NFTs become high in demand

Johnny Depp, Johnny Depp NFT, Johnny Depp Ethereum NFTs, Johnny Depp Ethereum NFT

Despite the continuous bear market, Never Fear Truth rose to become an in-demand NFT collection following Johnny’s win for the defamation case. Everyone rushed to the marketplace to buy their favorite actor’s NFTs as a way to support him.

The NFTs saw a floor price increase by 0.52 ETH (around $944) on June 3, 2022. Today, the floor price is at 0.32 ETH with a total trading volume of 1.5K ETH on the OpenSea marketplace.

Why is Never Fear Truth so popular right now?

Johnny Depp, Johnny Depp NFT, Johnny Depp Ethereum NFTs, Johnny Depp Ethereum NFT

Other than this being Johnny’s first-ever NFT collection, Never Fear Truth represents Johnny’s fight against abuse and hate. He only spoke the truth in the court, which led to his win against ex-wife Amber Heard.

pic.twitter.com/YAjoA4PxJ1

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

Johnny’s defamation case win is truly an achievement worth celebrating for victims of domestic abuse around the world. Although he didn’t celebrate it with much lavishness, his fans and crypto enthusiasts bought the NFT collection as a celebration and to show support for the actor.

Furthermore, the Never Fear Truth collection also features Johnny’s self-portrait as a digital collectible. He combines the concept of street art and pop art together to paint himself on a canvas that will forever remain a memorable piece of artwork for centuries to come as a non-fungible token.

Never Fear Truth NFT holders will receive exclusive access to be part of Johnny’s community on Discord. What can be more tempting for a fan to be this close to their favorite actor, especially after a great win!

All in all, Never Fear Truth is truly a valuable masterpiece that deserves recognition as it is hand-painted by the legendary Johnny Depp himself!

For more information on Never Fear Truth, visit the official website or see the NFT  collection on the OpenSea marketplace. 

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