Hollywood director Quentin Tarantino announced on November 2 that he was auctioning seven never-before-seen scenes from his independent film pulp Fiction, in the form of NFT. According to a statement from Secret Network, a privacy-focused blockchain that makes the minting non-fungible tokens, the NFTs will include the first handwritten cut scenes from the film and exclusive personalized commentary from Tarantino.
Buyers of unique tokens will learn the secrets of the film and its creator
Each NFT auctioned contains content that is only visible to the owner of the NFT, which is unique to Secret NFTs. According to Secret Network, Tarantino’s commentary will include lesser-known facts about the film and its creator.
“I am very happy to present these exclusive scenes from the film pulp Fiction to the fans “, said Tarantino.
Secret Network claims to be the first blockchain that prioritizes application privacy by default. This means that the transaction data is encrypted, unlike other popular blockchain networks such as Ethereum, which rely on public metadata.
Tarantino’s first Secret NFT auction takes place on the NFT OpenSea marketplace.
NFTs are the most disruptive technology
pulp Fiction was Tarantino’s groundbreaking independent film with a budget of $ 8 million, which grossed $ 214 million at the global box office. In 1994, he won the Palme d’Or, the highest award at the Cannes Film Festival. Tarantino and his co-writer Roger Avary won the Oscar for Best Screenplay in 1995.
According to the report of NonFungible.com, the NFT market has exploded since the pandemic, growing 299% annually to over US $ 250 million in 2020. In March, a digital collage by artist Mike Winkelmann, known professionally as Beeple, was sold for $ 69.3 million in an auction at Christie’s.
“NFTs could be the most disruptive technology of this decade “, announced Guy Zyskind, co-founder of Secret Network and CEO of SCRT Labs. “The artistic community is in the midst of innovation, and the media are actively exploring all potential use cases associated with this technology. Thanks to Secret Network, we now have access and privacy controls. Ultimately, this will create a whole new range of potential uses.. ”
It is not yet clear how much the Tarantino auction will fetch, but it is likely that a number of wealthy Tarantino fans will be willing to fork out large sums to own a piece of the American classic.pulp Fiction.
An NFT is a non-fungible token, a type of unique digital object that stores data such as sales history on the blockchain. The particularity of NFTs is their uniqueness: they cannot be falsified or reproduced. Each of the tokens exists in a single copy. It’s good to see that an innovation like NFT is catching on quickly. The fever surrounding the NFT domain has swiftly gripped the industry, exhausting digital artists.
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NFT: Tarantino auctions seven never-before-seen Pulp Fiction scenes