Secret Network Rallies Amid Pulp Fiction NFT Drama - Aliens: AI Crypto News & Markets Updates



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Secret Network Rallies Amid Pulp Fiction NFT Drama

Crypto Briefing

Fri, Jan 14, 2022


Aliens TLDR

The network is hosting Quentin Tarantino’s Pulp Fiction NFT drop, set to commence on Jan. 17.

Secret Network has received a significant amount of mainstream attention in recent weeks due to an ongoing lawsuit between Tarantino and Pulp Fiction distributor Miramax.

The Tarantino-Miramax lawsuit has helped bring attention to Secret Network.

SCRT has posted gains days in the lead-up to Quentin Tarantino’s first NFT auction.

Secret Network has received additional mainstream attention in recent weeks due to an ongoing legal battle between Tarantino and Miramax over the planned Pulp Fiction NFTs. On Nov. 17, 2021, Miramax, which distributed Pulp Fiction, filed a lawsuit against Tarantino claiming that the NFTs represent intellectual property and breach a contract agreement in which Tarantino assigned “all rights (including all copyrights and trademarks) in and to the Film.” Secret Network, meanwhile, has argued that Tarantino owns the “exclusive rights to publish his Pulp Fiction screenplay,” and that the screenplay has been part of his private collection for several decades.

As each piece is unique and they’re being released on Secret Network, the owner of each NFT will be the only person who can access the content.

He further clarified that Tarantino NFTs serve as a “mechanism for the buyer to locate and access the published screenplay or portions thereof .” Freedman’s comments indicate that the NFTs will not use any footage that was published in the movie; the project has also billed the drop as a set of “exclusive scenes.” Thanks partly to the legal drama, the NFT drop has been one of the most widely-publicized auctions in the space in recent weeks, and it’s taking place exclusively on Secret Network.

Tarantino’s NFTs also position Secret Network as a viable hub for NFTs, though it will have some way to go to catch up with the likes of Solana, Tezos, and the current market leader, Ethereum.

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