Quentin Tarantino, an award-winning American director and screenwriter, has announced the auction of his original, handwritten screenplay of the 1994 film "Pulp Fiction" as a series of NFTs on the Secret Network.
The NFTs will include previously unknown details about Tarantino and his hit film, Pulp Fiction, along with unique audio commentary by Tarantino himself.
In total, seven such NFTs are up for auction, with their content exclusively available to the winners of the respective NFT.
Secret Network NFTs
Secret Network is a blockchain and smart contract platform that is private by default, allowing the creation of permissionless and privacy-preserving applications.
Secret NFTs will provide the buyers of Tarantino's NFTs complete encrypted, private ownership and control through the power of the Secret Network, which seeks to revolutionize how NFTs currently work and are perceived.
When will the auctions take place?
The NFTs are scheduled to be individually auctioned off on the following dates:
- Chapter #1: the 17th-21st of January, 2022
- Chapter #2: the 24th of January, 2022
- Chapter #3: the 25th of January, 2022
- Chapter #4: the 26th of January, 2022
- Chapter #5: the 27th of January, 2022
- Chapter #6: the 28th of January, 2022
- Chapter #7: the 31st of January, 2022
These auctions will happen virtually on the Secret Network.
How can Tarantino's NFTs be purchased?
Registrations for all chapters have already started since the 10th of January 2022, and you can register to participate in the scheduled auctions on the official Tarantino NFT Collection website here.
Payments are accepted through the Ethereum cryptocurrency or ERC-20 Stablecoins. Credit or Debit cards cannot be used to purchase these NFTs. Anyone interested in buying these NFTs must also have a MetaMask wallet.
The Miramax lawsuit
The much-anticipated auctions haven't been without drama. Miramax, the producers of the 1994 film, filed a lawsuit in November with a 22-page complaint in the U.S. District Court against Tarantino alleging copyright infringement and breach of contract and has since grown into a public brawl.
As per Miramax, Tarantino and SCRT Labs capitalizing "on Miramax's content, intellectual property rights, and brand," and that the auctions could "mislead others into believing they have the rights to pursue similar deals or offerings, when in fact Miramax holds the rights needed to develop, market, and sell NFTs relating to its deep film library."
However, this was immediately met with a response from Tarantino's lawyer Bryan Freedman who stated, "Quentin Tarantino's contract is clear: he has the right to sell NFTs of his handwritten script for Pulp Fiction, and this ham-fisted attempt to prevent him from doing so will fail."
The NFTs were also initially planned to be auctioned on the NFT marketplace OpenSea. They have since withdrawn due to possible consequences from the legal proceedings.
The NFTs will now be auctioned on the Secret Network, and both Tarantino and the SCRT Labs have continued with their plans to auction off the NFTs despite the litigation.