Hollywood actor Johnny Depp is selling over 10,000 unique non-fungible tokens (NFTs) drawn from his own paintings. The so-called "Never Fear Truth" NFT collection features portraits of his family and friends.
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The collection consists of 11,111 NFTs, however, only 10,000 of them will be available for public sale. The remaining 1,111 are held between Depp and his team. The tokens — which will be minted on the Ethereum blockchain compliant with the ERC-721 standard — will initially be available only on the official website of the initiative. Later, the tokens are expected to be dropped on Rarible, a marketplace for NFTs.
"My paintings surround my life, but I kept them to myself and limited myself. No one should ever limit themselves," said Johnny Depp
According to the website, due to demand, the NFTs will be distributed via a "fair raffle," which will be conducted up to a maximum of three times before any NFTs not redeemed will be deployed into public sale. All artworks will be generated randomly and revealed after the final sale.
iHodl earlier reported that Reddit is working on a new feature that might allow users to show off their non-fungible tokens (NFTs) on their picture profile. A spokesperson for Reddit Tim Rathschmidt said the company has not made any final decision yet as the initiative is a "small, internal test."
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