Johnny Depp Is Latest Celebrity To Jump On Crypto Bandwagon

With every passing day, it seems celebrities are more interested in marketing cryptocurrencies and the blockchain technology. Already we have athletes and pop stars who are looking to tokenize on their fame. Now, it seems Hollywood stars are not willing to be left behind as the blockchain bug sweeps around.

Johnny Depp Partners With A Blockchain Based Platform

Hollywood star Johnny Depp, who is famous for the Pirates of the Caribbean sequel is the latest celeb to jump on the blockchain bandwagon.

He has signed a development deal with TaTaTu, a blockchain based content sharing platform. TaTaTu is headed by Andrea Lervolino and utilizes the blockchain technology to certify the identity of its users and to guarantee unique views.

The blockchain platform is also rewarding its users with its very own crypto coin, the TaTaTu Token (TTU).

The Rango actor will now participate in the new partnership with his production company Infinitum Nihil.

Commenting on the collaboration, Depp Said:

“In this era of democratized entertainment, I admire the imaginative ethos of Andrea and look forward to collaborating in a liberating, progressive manner that will befit the principals of our respective entities.”

The TTU crypto coin peaked in mid-August 2018 at around $0.81 but since then has lost over 90 percent of its value. Currently, the token is trading at $0.13 with a market cap of $12,715,854.

Deep is one of the many celebrities that have lately been involving themselves with different initial coin offerings and blockchain based projects. Others famous names that are involved with the distributed ledger technology include Ashton Kutcher, Mike Tyson, Jamie Foxx, Mel B, and Lionel Messi.

However, not all ventures by these superstars have been successful. Recently, a report surfaced which indicates that star producer DJ Khaled and boxing legend Floyd Mayweather have been sued for their involvement in a failed crypto project.

Both endorsed Centra Tech, a cryptocurrency project that turned out to be a scam.

Earlier this year the SEC shut down the Startup, and three men who were in charge of the project were arrested.

 

Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.

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