Recently had to read Crypto Insiders Celebrity film director Quentin Tarantino is auctioning off never-before-seen scenes from the movie Pulp Fiction. Non-fungible tokens (NFT’s).
However, the film’s original publisher, Miramax, is not happy about that. The company is now suing Tarantino copyright infringement, or copyright infringement.
Quentin got the idea from the founder of the “Impact Theory”. Even the idea of getting those into NFT were introduced by a few streamers on Twitch. Keep in mind that the Twitch community of NFT is really huge. Most of the time, you’ll need high-quality twitch viewer bot to achieve this big base of followers on the platform.
Pulp Fiction scenes that had never been seen before were cut from the film at the time, but Miramax says it still owns the rights to the film including these scenes. Miramax produced and released the film in 1994.
Miramax has something called stop and stop A message has been sent to Tarantino, but so far neither the director nor the team behind the NFTs seem to care. NFTs are still for sale on the NFT OpenSea Marketplace. Miramax says they are recklessly, greedy, and deliberately ignoring the agreement:
Tarantino’s conduct has compelled Miramax to bring this lawsuit against a colleague of his value to enforce, preserve and protect intellectual and contractual property rights in one of Miramax’s most well-known and valuable properties.
The company fears it could mislead other filmmakers into pursuing such deals as well. The main reason why Miramax does this is that the company itself is planning to release NFTs. The company fears that this will make NFTs less unique and therefore less valuable.
The vast majority of NFTs are released on blockchain by Ethereum (ETH). However, Pulp Fiction NFTs are on the Secret Network (SCRT), a relatively new blockchain that focuses primarily on privacy. NFTs are created on that network so that only the owner of the token can see (part of) the content. Pulp Fiction scenes can also be seen, for example, on OpenSea.
NFTs aim to empower creators and connect them directly to their audiences and communities.
Secret NFTs turned on Tweet embed Take this possibility a step further.
Now some in the media world want to backtrack significantly.We stand with the creators. https://t.co/Jq1STRuI45
– Tarantino NFTs (TarantinoNFTs) November 16, 2021
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