Johnny Depp’s NFT collection surges in price after defamation trial verdict

Actor Johnny Depp’s NFT collection witnessed a huge sudden spike in price. This comes days after the jury ruled in favour of Depp on all three of his counts, finding that Heard had not only made false and defamatory statements but that she’d done so with “actual malice”.

Depp’s NFT collection ‘Near Fear Truth’ was launched in late January 2022. Since its launch, it only witnessed a total trading volume of 1500 Ethereum. However, after the verdict, the same NFT collection spiked in trading volume and saw a trading volume of $352,000.

According to data obtained from OpenSea, Depp’s NFT witnessed 212 sales since the verdict. Each NFT has been sold for an average price of 0.8 ETH.