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Quentin Tarantino to Sell Pulp Fiction NFTs

NFTs
Written by publishing team

Director Quentin Tarantino is pressing ahead with his plans to sell the NFTs associated with his hit song “Pulp Fiction, ”and thus risking – in the film’s words – the Miramax studio’s ‘great revenge and fury’.

The outrage comes in the form of a lawsuit from the studio, which distributed the 1994 crime drama, alleging that Tarantino breached its contract with them when it announced plans to auction NFTs in November. Tarantino disagreed with Miramax’s claims, but his auction, which was scheduled for December, was postponed.

Now, the director plans to go ahead with the auction of non-fungible tokens, linked to his original handwritten book of Pulp Fiction, The New York Times reported on Wednesday (January 5).

A hearing on the next steps in the lawsuit is scheduled next month, but Tarantino’s plan to hold the auction in the coming weeks could prompt Miramax to seek an emergency halt to the auction until legal issues are resolved, the paper says.

Studio lawyers say the NFTs are unique, while Tarantio’s lawyers maintain that the director simply makes copies of his script, a right he has held for more than 25 years.

READ MORE: Melania Trump is the newest celebrity at NFT show

NFTs are pieces of code connected to images, audio or video files, registered on the blockchain, and they basically serve as digital certificates of authenticity.

As their popularity increased, a number of famous faces began promoting these icons, including Justin Bieber, Lindsay Lohan, K-pop star BTS and, a few weeks ago, former First Lady Melania Trump.

It’s not entirely clear how NFTs compare to previous art forms, said Frank Geratana, an intellectual property expert at Mintz in Boston.

“A person can mint hundreds or thousands of unique NFTs associated with the same creative work, such as printing many copies of a book,” he said.

So while each NFT has a unique identifier on the blockchain, it may not be considered distinct. Geranta said that this question will likely re-emerge as interest in cryptocurrencies grows, which means that the winner in this battle may end up leaving his or her own mark on the law.

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