Speculations swirl around Depp’s NFTs featuring his daughter Lily Rose

Highlights

• ‘Pirates of the Caribbean’ actor Johnny Depp released his NFTs “Never Fear Truth” earlier this year
• The collection, which has paintings of his daughter, has triggered a controversy
• Never Fear Truth NFTs use the services of Ethereum’s blockchain, with ETH as the medium to buy these

The year 2021 saw an explosive rise in the popularity of non-fungible tokens (NFTs), which refer to a digital record of the ownership of a unique item. The meteoric rise of NFTs took the world of art by storm and a bevy of celebrities started joining the bandwagon one after another.

One of the celebs who recently boarded the NFT train is the ‘Pirates of the Caribbean’ star Johnny Depp. Earlier this year, the actor created a collection titled ‘Never Fear Truth’, which is now trading on multiple digital asset exchanges.

A controversy has now erupted, supposedly because Depp may have chosen this medium to suggest something about his daughter Lily Rose. Before we explore the controversy, let’s understand NFTs in the context of Depp’s ‘Never Fear Truth’ collection.

What’s special about Johnny Depp’s NFTs?

Earlier this year, Depp released portraits of his friends and family in the form of NFTs. Essentially, the portraits created by Depp are the original asset in this scheme of things. The pictures on the official website of Never Fear Truth show the actor engaged in the painting work. Instead of purchasing any asset from Depp’s work in a conventional manner, a buyer can buy a digital token that can establish his ownership.

This token is called an NFT, which is registered on a blockchain network. Never Fear Truth NFTs use the services of Ethereum’s blockchain, with ETH as the medium to buy Depp’s NFT. The assets are trading on exchanges like OpenSea and Rarible. According to reports, Depp’s NFTs’ price and trading volume soared immediately after the defamation suit verdict.

Also read: Which are top three NFTs by sales volume?

Lily Rose Depp NFT

Lily Rose, the daughter of Johnny Depp from his former partner Vanessa Paradis, also features in the actor’s NFT collection.

The controversy emanates from some reports pointing out that a Lily Rose painting, with words ‘silence, exile, cunning’ on it are suggestive of Lily Rose’s silence on Johnny Depp and Amber Rose’ recently concluded defamation trial. Interestingly, these very same three words are also tattooed on Depp’s forearm. These words are actually borrowed from James Joyce’s novel ‘A Portrait of the Artist as a Young Man’.

Also read: What you should know about Josh Allen NFTs

However, there is no official statement from the actor on the issue despite the speculations claiming to imply that Depp has used his art and NFTs to take a jibe at his daughter.

Most popular NFTs

Some of the most popular artworks that have sold in the NFT market include that of artist Beeple’s. The digital arts of CryptoPunks and BAYC -- both have 10,000 NFTs each -- also command a high price.

Viewpoint

Celebs’ love affair with NFTs is not a new thing now. Similar to how Madonna’s NFTs created a buzz recently, Lily Rose Depp NFTs might also become a subject of debate. This, however, could be a chance for amateurs to understand the concept of NFTs. In Johnny Depp’s case, the portraits painted by him are the real asset, which can be owned in the form of a token registered on Ethereum’s blockchain. The ETH token can be used to purchase Depp’s NFTs.

Also read: Top 3 NFTs by market cap other than BAYC and CryptoPunks

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