What Happened To Tarantino ’s “Pulp Fiction” NFT Collection? The Strange Finale
2022年2月15日 - 10:12PM
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In the end, Quentin Tarantino ’s “Pulp Fiction” NFT Collection
collapsed under its own weight. Did Miramax’s 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’re not telling us about? Sadly, we can’t answer those
questions at the moment. 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 the collection’s
official site they now describe the pieces as, “Each NFT in the
collection consists of the original script from a single iconic
scene, as well as personalized audio commentary from Quentin
Tarantino himself.” The Story So Far 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
“Pulp Fiction,” and they owned the rights. There was a strange
caveat to the whole story, which Bitcoinist explained: “The 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 “secret” and only accessible by the NFTs owner.”
“Just that fact makes the lawsuit endlessly interesting. Only the
person that buys the NFT can see what’s inside, so Miramax has no
clue about the kind of content they’re 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’re as in the
dark as the rest of us about the actual content.” Despite Miramax
lawyers working overtime, The Secret Network went all in. Two days
before the first auction, they were talking David Vs.
Goliath. “The Secret Network, on the other hand, is milking
the situation to the extreme. Money can’t buy this kind of
publicity. Their press release quotes Guy Zyskind, founder and CEO
of SCRT Labs: “Secret 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.” Tarantino NFTs’ First Sale At first,
everything seemed normal. The first piece, based on the “Royale
With Cheese” scene, sold for a whopping $1.1M. The collection’s
tweet sold it as a big win. “And 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.” And 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. The 2nd auction, 'Pumpkin and Honey Bunny' is now
live @ https://t.co/O1fmcrN4Rm pic.twitter.com/8U44PHQ6HP —
Tarantino NFTs (@TarantinoNFTs) January 24, 2022 However, looking
into AnonsNFT, the DAO defines itself as “1st @SecretNetwork PFP
Collection.” So, is the organization related to the Secret Network
in any way? That would put a dent in the “whopping $1.1M” story.
SCRT price chart on Huobi | Source: SCRT/USDT on TradingView.com
The Nuclear Option: Cancel The Whole Thing A few days later, the
Secret Network used the most bogus excuse to cancel the whole
thing. Volatility. With a straight face, they blamed it all on
volatility. “AN IMPORTANT UPDATE FOR OUR COMMUNITY: In light of
extreme market volatility, we’ve decided to postpone the remainder
of the auction to put the needs of our community first. We know
that these exclusive collector’s items will be valuable for
generations to come. Instead of adding to the volatility, we will
wait for the right market conditions to ensure the integrity and
fair market value for our community and creators.” We know that
these exclusive collector’s items will be valuable for generations
to come. Instead of adding to the volatility, we will wait for the
right market conditions to ensure the integrity and fair market
value for our community and creators. — Tarantino NFTs
(@TarantinoNFTs) January 28, 2022 Why did they do that? Nobody
knows for sure. But the cover story is terrible, volatility?
Really? Miramax didn’t take credit for the kill. And the Secret
Network did not admit to low interest in the series or to technical
difficulties. They just shut down the whole operation. Was
Plagiarism A Factor? Did Tarantino Know About This? This case was
plagued with copyright issues. And, to add insult to injury, the
Andrew Cremeans story just comes out of nowhere. “It has been
brought to my attention that Quentin Tarantino has been using my
art without permission to sell his Pulp Fiction NFTs,” Cremeans
said in a tweet. It has been brought to my attention that
Quentin Tarantino has been using my art without permission to sell
his Pulp Fiction NFTs. Please see below. #nft #nfts #pulpfiction
#tarantino #quentintarantino #jules #vincent #ripoff #art #artist
#graphicdesign pic.twitter.com/MuTxRi9o2p — Andrew Cremeans
(@Andrew_Cremeans) January 24, 2022 In a case as complex as this,
it’s hard to believe that the operation collapsed because of an
illustrator’s copyrights claims. The art is clearly his, though.
And Cremeans complaint had to be brought to the front. Before
dropping this story forever. This seems to be it for the Tarantino
“Pulp Fiction” NFT collection, the saga’s last chapter. It’s a
shame that it leaves an open ending such as this, with no
definitive answers. Featured Image: Tarantino NFTs promotional
image from this tweet | Charts by TradingView
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