{"id":483760,"date":"2022-02-15T13:12:37","date_gmt":"2022-02-15T13:12:37","guid":{"rendered":"https:\/\/ktsl888.com\/?p=483760"},"modified":"2024-06-11T14:11:32","modified_gmt":"2024-06-11T14:11:32","slug":"what-happened-to-tarantino-s-pulp-fiction-nft-collection-the-strange-finale","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/what-happened-to-tarantino-s-pulp-fiction-nft-collection-the-strange-finale\/","title":{"rendered":"What Happened To Tarantino \u2019s \u201cPulp Fiction\u201d NFT Collection? The Strange Finale"},"content":{"rendered":"

In the end, Quentin Tarantino \u2019s \u201cPulp Fiction\u201d NFT Collection collapsed under its own weight. Did Miramax\u2019s lawyers scare them off? Or was there not sufficient interest in the collection by the buyers? Did the Secret Network have any technical problem that they\u2019re not telling us about? Sadly, we can\u2019t answer those questions at the moment.<\/span><\/p>\n

Something happened, though. We will present the facts and nothing but the facts so that each one can arrive at their own conclusions. As a reminder, in <\/span>the collection\u2019s official site<\/span><\/a> they now describe the pieces as, \u201cEach NFT in the collection consists of the original script from a single iconic scene, as well as personalized audio commentary from Quentin Tarantino himself.\u201d<\/span><\/p>\n

The Story So Far<\/span><\/h2>\n
This case is very complicated. It has a lot of ins, a lot of outs, a lot of what-have-yous. As soon as the news about Quentin Tarantino entering the NFT space hit the press, Miramax sued. The pieces were based on the 1994 movie \u201cPulp Fiction,\u201d and they owned the rights. There was a strange caveat to the whole story, <\/span>which Bitcoinist explained<\/span><\/a>:<\/span><\/p>\n
\u201cThe Secret Network is a Layer 1 privacy blockchain created by SCRT Labs. The unique value proposition from The Secret Network lies in the name; the NFTs will be \u201csecret\u201d and only accessible by the NFTs owner.\u201d<\/span><\/p>\n
\u201cJust that fact makes the lawsuit endlessly interesting. Only the person that buys the NFT can see what\u2019s inside, so Miramax has no clue about the kind of content they\u2019re suing for. They just know they own the rights to the picture and the discarded material, but, besides the reports and the marketing material, they\u2019re as in the dark as the rest of us about the actual content.\u201d<\/span><\/p><\/blockquote>\n
Despite Miramax lawyers working overtime, <\/span>The Secret Network went all in<\/span><\/a>. Two days before the first auction, they were talking David Vs. Goliath.\u00a0<\/span><\/p>\n
\u201cThe Secret Network, on the other hand, is milking the situation to the extreme. Money can\u2019t buy this kind of publicity.<\/span><\/p>\n
Their press release quotes Guy Zyskind, founder and CEO of SCRT Labs:<\/span><\/p>\n
\u201cSecret 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.\u201d<\/span><\/p><\/blockquote>\n
Tarantino NFTs\u2019 First Sale<\/span><\/h2>\n
At first, everything seemed normal. The first piece, based on the \u201cRoyale With Cheese\u201d scene, sold for a whopping $1.1M. The collection\u2019s tweet sold it as a big win. \u201cAnd the winner of the ORIGINAL ‘ROYALE WITH CHEESE’ SCREENPLAY NFT is AnonsNFT, who bid $1.1M! We received a lot of great bids on the first NFT in the collection, but Anons took the prize.\u201d<\/span><\/p>\n
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And the winner of the ORIGINAL 'ROYALE WITH CHEESE' SCREENPLAY NFT is @AnonsNFT<\/a>, who bid $1.1M! \ud83e\udd73\ud83e\udd73<\/p>\n
We received a lot of great bids on the first NFT in the collection, but Anons took the prize.<\/p>\n
The 2nd auction, 'Pumpkin and Honey Bunny' is now live @ https:\/\/t.co\/O1fmcrN4Rm<\/a> pic.twitter.com\/8U44PHQ6HP<\/a><\/p>\n
— Legendao\u26a1\ufe0f (@LegendaoNFT) January 24, 2022<\/a><\/p><\/blockquote>\n