It came last year that after Academy Award winner Quentin Tarantino announced some NFT movies centered around Pulp Fiction, drawn from the screenplay of his original Academy Award winning movie, his former homeowner Miramax sued to prevent this from happening. Although he was never brought to trial, a war was waged in the press over the outcome, and now the two have announced a settlement to bring it down. Limit He brings the end of the suite word, and reveals the accession statement from Miramax and Tarantino that reads: “Both parties have agreed to put this matter behind them and look forward to collaborating with each other on future projects, including potential NFTs.”
The website promoting Tarantino NFT . Collection It remains online for now, possibly indicating that the filmmaker’s legal argument for making non-fungible tokens was more valid than Miramax initially thought. According to the website, “Each NFT in the set consists of the original script from a single iconic scene, as well as a custom audio commentary by Quentin Tarantino himself.” (Note: Cryptocurrencies and NFTs have previously been linked to negative environmental impact, among other controversies.)
2021 saw a boom in celebrity and media interest in NFTs, which are largely seen as a potential money-making opportunity. By the time Tarantino announced his project and Miramax filed the lawsuit, the frenzy had reached its climax but in that time many NFTs have been rendered worthless. report from The Walt Street Journal Notice earlier this summer that sales of NFTs have shrunk to an average of 19,000 per week, down from more than 225,000 in September of 2011. Active portfolios across NFT markets have also shrunk by 88%. According to the outlet, “many NFT owners are finding the value of their investment to be much lower than when they purchased it.”
In a detailed explanation on the topic of NFTs, Gizmodo He writes: “Without major reforms to how tokens are created and sold, critics warn, they could ultimately help refute the unspeakable horrors of the biosphere and, by extension, of humanity.” Could you Read more about it here
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