Sales of world-famous actor Johnny Depp's "Never Fear Truth" NFT collection surged after he won a defamation lawsuit with his ex-wife Amber Heard.
The 3,850-piece collection was launched in January at 0.70 ETH. Now the base price of the collection is around 0.36 ETH. Yesterday, a user bought Depp's deceased dog Mooh's NFT for 2 ETH. NFT on the Ethereum network is sold on the leading NFT marketplace OpenSea.
Bored Ape Yacht Club's NFT sale prices fall
Interest in the popular NFT collection Bored Ape Yacht Club has waned. Prices fell 60 percent in May.
Recently, the ups and downs in the crypto money industry have also affected the selling price of Bored Ape Yacht Club (BAYC), one of the most popular collections in the NFT industry. Bored Ape Yacht Club's NFTs lost 60 percent in value, affected by the drop in the cryptocurrency market in May.
We can say that May has been a difficult month for the entire cryptocurrency market, especially for NFTs. So much so that the NFT selling price of Bored Ape Yacht Club (BAYC) fell below $200,000 in May. Let's say that BAYC closed the month of May with a transaction price of $ 152,658.
Although this amount seems high compared to the prices of other NFTs such as NBA Top Shot, Otherdeed, The Sandbox, Azuki, Art Blocks and Mutant Ape Yacht Club (MAYC), the average value of BAYC NFTs has dropped by 60 percent.
The total sales volume of BAYC NFTs in May 2022 was approximately $214.91 million. Finally, at the beginning of May, Bored Ape Yacht Club NFTs surpassed $2 billion in total NFT sales. In the last 1 month, 313 million dollars of BAYC NFT sales were made.