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Johnny Depp’s NFT Collection Surges In Price After Defamation Trial Verdict

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Johnny Depp’s NFT Group Prices Rise Days 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.

A report by Coinquora reveals that Depp’s collection had seen barely any transactions before the trial, since March 2022. The collection had a starting price of 0.70 ETH upon its launch with 11,111 generative art NFTs.

Depp’s collection is inspired by Heath Ledger, Elizabeth Taylor, Al Pacino, Hunter S. Thompson, Tim Burton, and River Phoenix among others.

Interestingly, one of the artwork also included a portrait of his dog, himself, and a character based on his kid’s dreams alongside 607 self-portraits.

“Owning a Never Fear Truth NFT will grant you access to Johnny’s community on Discord; an innovative community platform. A place for fans and friends to come together and collaborate on creative projects. The community on Discord will offer an intimate environment for Johnny to express his creativity through; and provide you access to unique works, experiences and future projects in art, music and film,” read the description on Johnny Depp’s NFT project website.

Meanwhile, Jurors concluded Depp should receive more than $10 million. However, Depp’s victory was not absolute, though. Jurors also concluded that part of Heard’s counterclaim had merits. They rejected two of Heard’s three counts, but found she was defamed by a Depp lawyer who accused her of roughing up their apartment to look worse for police. The jury awarded her $2 million.

Source : indianexpress.com

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The reclusive owner of OnlyFans rakes in more than $500 million from the adult website in less than 2 years, report says

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Cardi B performs at the Wireless Festival in London in July.

The adult content plaform’s viewers jumped by 128% and the number of creators rose by a third.Revenues soared from $358m to $932m last year, according to the annual report seen by Bloomberg.

The owner of OnlyFans has been paid more than $500 million since 2020, Bloomberg reported.

The Ukrainian-American businessman Leonid Radvinsky received dividends amounting to $284m in 2021 and $233m after November 2021, the company stated in its annual report, which was seen by Bloomberg.

The adult entertainment site enjoyed a boom in its user base last year, with two million content creators raking in almost $4bn in 2021, per the report. It also features non-adult content from celebrities such as rapper Cardi B and DJ Khalid for paying fans.The number of content viewers jumped by 128% year-on-year, while the number of content creators rose by 34%. The platform, which takes a 20% commission fee from creators, more than doubled its revenue from $358m in 2020 to $932m in 2021, Bloomberg reported.

Pre-tax profits also soared from $61m in 2020 to $433m in 2021 as users flocked to the platform during the pandemic.

“We are empowering creators to monetize their content and have real control over it,” Amrapali Gan, chief executive of OnlyFans, told the BBC. Gan, who had been at the company since 2020, took over as CEO in December 2021 after Tim Stokely stepped down. The London-based company was founded in 2016 by Stokely before he sold a 75% stake to Radvinsky, 40, two years later.

The Florida-based business figure keeps a low public profile but has run porn websites for more than two decades through his company Cybertania, the Daily Telegraph has reported.In August last year the platform announced it would ban sexually explicit content but reversed the decision six days later following an outcry from creators. The company laid off an unspecified number of employees last month to reshape certain teams, it told Insider in a statement.

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Ghana Cedi declared worst performing currency worldwide by Bloomberg

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Cedi tagged the worst performing currency worldwide

The latest report by Bloomberg has tagged the Ghana Cedi as the worst performing currency in the world currently.

According to Bloomberg, the Ghana Cedi is currently in tatters, haven depreciated by over GHC2 in the last week, compounding the ever-depreciating currency against major foreign currencies.

The Cedi fell 1.6% on Tuesday, August 16, extending this year’s slump to 35% and making it the world’s worst performer among 150 currencies tracked, after bankrupt Sri Lanka’s rupee,” Bloomberg indicated.

Bloomberg tracked the performance of 150 currencies in the world and the Cedi placed last in terms of performance since the beginning of the year.

In less than 8 months, the Cedi has come under intense exchange rate pressure due to its continuous depreciation to some major international currencies such as the Dollar, Pound and Euro.

According to data put out by the Bank of Ghana, the Cedi began the year at $1.00 to GH¢6.02.

Just a month ago, one could exchange $1.00 for GH¢7.43, and in less than 20 days, traders needed an average of GH¢9.37 to buy $1.00.

This means the Cedi has lost most than GH¢3.30 of its value to the dollar in less done 8 months.

Ghana’s economy is struggling to survive as inflation continues to dictate its fall. The implications of the continuous fall of the Cedi is already being felt by the ordinary Ghanaian.

Ratings from Fitch and S&P also saw the Cedi rating falling further to junk this month.

Following the current woes of the economy, the Central Bank is holding an emergency Monetary Policy Committee (MPC) meeting today. The BoG is expected to “review recent developments in the economy” during the meeting.

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Togo: Cement-Maker Cimtogo Raises Its Prices By 15%

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Cimtogo, a cement company, has upped its delivery costs from its plants in Lomé and Kara to distribution points. The measure became effective on August 1, 2022.

The company attributed the decision to the “recent measures that led to the increase of oil products in the country.” Its commercial directorate added that the price increase will “help ensure the continuity of carriers’ activities in the best conditions.”

It should be noted that Cimtogo’s cement is currently sold at CFA81,000 a ton throughout the country.

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