Film director Quentin Tarantino, portrait, standing by the poster of his film “Pulp Fiction”, London, United Kingdom, 1994.
Martin Good Acres | Halton Archives | Getty Images
Quentin Tarantino is invading the NFT.
Announced Tuesday, the award-winning director and writer is auctioning seven uncut scenes of “Pulp Fiction” as non-alternative tokens, including the movie’s original handwritten script and Tarantino’s own exclusive audio commentary. .. Collectibles will be auctioned at the NFT Marketplace OpenSea.
NFTs are built on a secret network, a blockchain ecosystem that prioritizes privacy. For unique “pulp fiction” NFTs and all other NFTs auctioned on the platform, the content means that only the owners of those NFTs can view it.
The Secret Network claims to be the first blockchain with smart contracts to protect privacy. That is, transaction and ownership data is encrypted. Traditionally, NFTs built on other blockchains such as Ethereum expose transaction and ownership data by default. It’s a double-edged sword: blockchain transparency allows transaction validation, but it also creates a level of traceability for each transaction, despite the popular online pseudonyms and avatars in cryptography.
A16z investors Katie Haun and Ali Yahya recognized this aspect of transparency in the blockchain as one of the major limitations of smart contracts. In a post detailing a new investment in data privacy startup Aleo earlier this year, “Trust requires validation, so these limitations exist. Transactions on the blockchain are correct for everyone. It needs to be transparent so that it can be verified. ”Aleo’s zero-knowledge encryption seeks to remove that limitation, with Galaxy Digital and Coinbase Ventures betting on it, with a16z, a venture capital powerhouse founded by Marc Andreessen and Ben Horowitz. Participated in the same funding round.
Privacy coins are a bit more established, and assets such as Monero, Zcash, and Verge provide users with a level of privacy that assets such as Bitcoin built on blockchains that publicly record transactions do not.
The secret network and its secret NFTs support both private and public metadata. This is a programmable privacy experience that the company advertises as a game change in a variety of use cases, including private galleries, adult content, exclusive or paywall media content, tickets, IDs and passports.
Private coins protect your identity, so private NFTs protect your artist and collector’s identity if you choose to do so. With opt-in identities and transaction protection, blockchain technology approaches cash and traditional finance, but increasing anonymity in already opaque spaces can add to the heat of regulators. In fact, the Privacy Coin Monero caught the eye of the IRS in 2020 when government agencies offered a $ 625,000 bounty to contractors who helped track their transactions.
Tarantino’s secret NFT protects the filmmaker’s unprecedented “pulp fiction” content, as well as the identity of the ultimate owner. This is the latest bet on Hollywood’s NFTs, following the NFT collaboration between renowned filmmaker David Lynch and Interpol last month. MGM recently partnered with Veve to launch the “No Time to Die” NFT, making it the first James Bond movie to feature a digital collection.
In his release, Tarantino is excited to introduce fans to the exclusive scene of Pulp Fiction. Secret Network and Secret NFT provide a whole new world of connecting fans and artists. I’m excited. That. “
Tarantino will comment on non-alternative tokens for “pulp fiction” in a panel with crypto investors Mike Novogratz, founder and CEO of Galaxy Digital, and others at the NFTNYC meeting on Tuesday afternoon.
“Pulp Fiction” was Tarantino’s second function. It rocked the world of filmmaking and helped fate the then-nitch studio Miramax, co-founded by the Bob Weinstein brothers and the now convicted sex offender Harvey Weinstein. “Pulp Fiction” won the Palme d’Or, which won the highest award in Cannes in 1994. Tarantino and his co-author, Canadian filmmaker Roger Avary, won an Oscar in 1995. This movie made Samuel L. Jackson a superstar. And he revived John Travolta’s career.
Quentin Tarantino Offers Seven Uncut Scenes of “Pulp Fiction” as NFTs
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