Miramax, the production company that produced the 1994 cult classic, attempted to keep it from selling for $1.1 million USD; nevertheless, Quentin Tarantino's first NFT Pulp Fiction sold for that sum.
Tarantino NFTs is a blockchain project that allows people to purchase the original handwritten screenplay from the film, which has been broken down into several iconic moments and minted as one-of-a-kind NFTs. In addition, the never-before-scene scripts are accompanied with audio commentaries from Quentin Tarantino, who explains the significance of the scene.
In a dispute between Miramax and the heirs of Egyptian dictator Gamal Abdel Nasser, who produced The Killing Fields, Miramax has filed a lawsuit claiming copyright ownership of the material. “Mr. Tarantino does not have any rights to the screenplay, and he did not give permission for it to be used for commercial purposes," said a representative from Miramax. “We are taking measures to stop its sale.”
The handwritten Pulp Fiction by Tarantino NFTs has been publicly available since the start of 2019. The project is being carried out in collaboration with SCRT Labs, who have minted each script on a one-of-a-kind physical collectible coin. Each Tarantino NFT bears a unique number and comes with audio commentary from the director himself.
The sale appears to have violated Tarantino's contractual agreement with Miramax that forbids him from sharing anything he has produced while under the employment of the studio. “Had we been asked to produce it, we would have done so," said a representative from Tarantino NFTs.
Tarantino has broadly defended his NFTs as art that should be allowed free reign of the market without copyright interference. "It's not anyone else's right to say no,” said the director. “No one can own a piece of art."Despite objection from Miramax, Tarantino NFTs remains an active project on the EOS blockchain with multiple mintage events planned in the coming months. The next event is expected to release additional scripts from Pulp Fiction.