Tarantino’s Pulp Fiction NFT Sale to Go Ahead in Spite of Miramax Lawsuit

Bob Mason
Updated: Jan 5, 2022, 16:35 GMT+00:00

Scenes from iconic movie Pulp Fiction are about to hit the NFT market. While Miramax will try to stop it, a successful sale could be a watershed moment.

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Released in 1994 and directed by Quentin Tarantino, Pulp Fiction drew in $213m at the box office worldwide. The estimated budget was just $8m.

An all-star cast included John Travolta, Samuel L. Jackson, Uma Thurman, Harvey Keitel, Tim Roth, Amanda Plummer, Maria de Medeiros, Ving Rhames, Eric Stoltz, Rosanna Arquette, Christopher Walken, and Bruce Willis.

Not only did Quentin Tarantino direct the movie, but he also co-wrote it with Roger Avary and starred in the movie.

What else is there to know about Pulp Fiction?

Pulp Fiction may not have been a big winner at the Academy Awards but it is, nonetheless, an iconic movie.

Some Pulp Fiction accolades include:

  • In 1994, Pulp Fiction won the coveted Palme D’or at the 1994 Cannes Film Festival.
  • Nominated for 7 academy awards, Pulp Fiction won Best Original Screenplay.
  • In 2008, Entertainment Weekly named it the best film since 1983.
  • On Rotten Tomatoes, Pulp Fiction holds an approval rating of 92% and an average rating of 9.2 out of 10.0.
  • IMDb ranks Pulp Fiction at #8, with an IMDb rating of 8.8.

Tarantino, the Pulp Fiction NFTs, and Secret (SCRT) Lab

In early November 2021, news hit the wires of Pulp Fiction director Tarantino’s plans to auction off 7 NFTs. The move reportedly made Tarantino one of a lengthening list of big entertainment names embracing NFTs.

Non-Fungible Tokens, more commonly known as NFTs, are both individual and unique. The key characteristic, therefore, is that they cannot be copied or duplicated. This very attribute has made NFTs particularly popular within the arts and entertainment world.

Reportedly, the 7 NFTs would include never-seen-before footage, otherwise known as uncut scenes, only available to the buyers.

The 7-NFT collection is set to be called “Secret NFTs” and will be reportedly launched on the Secret Network (SCRT) blockchain.

Tarantino and Secret’s NFT launch will have two components. Uncut scenes from the movie and secret content, only accessible by the buyer. A key attribute of the Secret (SCRT) is that users can build and use applications “that are both permissionless and privacy-preserving”. Secret (SCRT) therefore protects users and also secures applications. The goal is to allow users to control how their data is used and viewed.

Tarantino and Secret (SCRT) will auction the 7 NFTs between 17th and 31st January. Prospective buyers will need to pre-register before 10th January in order to have a shot at 1 or more of the 7-NFTs on offer.

The “Secret NFTs” collection is based on Ethereum (ETH) blockchain. Users must, therefore, have ETH or ETC-20 compatible stablecoins to successfully purchase one, some, or all of the NFTs.

Secret (SCRT) was only just in the news, entering the crypto market top 100 by market cap at the start of the year.

Miramax, Pulp Fiction, and Quinten Tarantino

Miramax filed a lawsuit against Tarantino in November 2021. The Miramax complaint is for breach of contract, copyright infringement, trademark infringement, and unfair competition. Miramax has also demanded a jury trial.

Miramax is a Hollywood titan. While Tarantino has accolades galore, Miramax simply has more.

These include:

  • 728 Academy Award nominations from more than 700 titles.
  • 68 Oscars that include 4 Best Picture awards.

It’s hardly surprising that Miramax has filed a complaint. Miramax itself considers Pulp Fiction to be one of the most influential films in history, placing the film alongside the movies that won Academy Awards for Best Motion Picture.

For the NFT market, Tarantino, and Secret (SCRT) it could be a watershed moment. A Miramax loss will likely open the floodgates for more uncut scenes from the greatest films of all time to hit the NFT market.

About the Author

Bob Masonauthor

With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.

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