Base-layer blockchain provider Secret Network was founded in 2015. Miramax sued the director in November last year after he auctioned off “uncut scripted scenes” from the 1994 film as NFTs. A movie studio claims to own the rights to “Pulp Fiction,” except for those reserved for Tarantino, which does not include non-perishable tokens.
The company was developing its own NFT strategy at the time. In a statement, the studio’s attorney, Bart Williams, wrote: “This one-off effort devalues the NFT rights to ‘Pulp Fiction,’ which Miramax intends to develop through a strategic, comprehensive approach.”
In the initial press release for the auction, Mystery Network said Tarantino “has been a private creative asset for decades, with the exclusive privilege of publishing the screenplay and the original and handwritten copy of the Pulp novel.” The auction raised $1.1 million in January, but further NFT sales were canceled due to the controversy.
Tarantino and Miramax have collaborated on other successful productions, including “Kill Bill: Volume 1 and 2.” “Pulp Fiction”
Hollywood director Quentin Tarantino and producer Miramax appear to have settled their months-long legal battle over non-viable tokens (NFTs) related to the blockbuster movie Pulp Fiction. The film studio reportedly dropped the lawsuit within two weeks and plans to cooperate with the filmmaker in the future.