An American filmmaker Quentin Tarantino will put up a collection of non-fungible tokens (NFTs) based on the 1994 film “Pulp Fiction” at the Secret Network auction.
Thus, each NFT contains an uncut scene from the film and bonus content available only to the owner; including the original handwritten script pages, audio comments by Tarantino and other details about the film and the director himself.
Moreover, Tarantino implemented the project in cooperation with SCRT Labs. The latter is the main developer of the first-level Secret Network blockchain solution. According to the company, due to the built-in privacy features, Secret NFT technology allows content creators to decide; which collectibles are publicly available; and which are private for owners.
Original handwritten script and exclusive audio comments
“Secret Network is proud to stand with Quentin. We are committed to working with talented artists across the globe; by providing them a better way to release their works directly to fans without relying on older distribution models, which favor conglomerates over creators”. Said founder & CEO of SCRT Labs, Guy Zyskind.
Furthermore, the auction will take place in seven stages: January 17-21, January 24, January 25, January 26, January 27, January 28, January 31.
In addition, those wishing to participate in the auction need to register on the website from January 10.
A lawsuit against the filmmaker
Earlier in November 2021, Tarantino announced an NFT auction based on “Pulp Fiction”. In response, the Miramax film studio filed a lawsuit against the filmmaker with accusations of unfair competition, breach of contract and copyright.
Tarantino has been described as “looking to capitalize on the [NFT] boom”. Also, Miramax sent him a warning about the violation of intellectual property rights with a demand to abandon this initiative. Tarantino’s lawyer noted that the right “to reproduce the script” gives the film director the opportunity to release NFT.
Previously, Ozzy Osbourne announced the CryptoBatz NFT collection. The collection includes 9,666 pixeled images of bats. “I’ve been trying to get in on the NFT action for a while so when I asked Sharon [Osbourne] for a Bored Ape for Christmas after several failed attempts of buying my own, and she said no, so I decided to create my own [collection],” the musician explained.