Oscar-winning American movie director, screenwriter, producer, author and actor Quentin Tarantino announced Tuesday that he will auction off seven uncut scenes from his 1994 smash-hit film “Pulp Fiction” as Secret NFTs.
NFTs are non-fungible tokens that establish enhanced privacy and access to digital content. They are considered collectibles and can become extremely valuable.
Tarantino, who has recently made his home in Tel Aviv with his Israeli wife, Daniella Pick, is offering unique content from the critically acclaimed movie, including first handwritten scripts and exclusive custom commentary revealing secrets about the film and its creator. The public metadata of the NFT – the “front cover” of this exclusive content – is rare in its own right: a unique, never-before-seen, public-facing work of art. It is understood that initial auctions will take place on OpenSea, the world’s largest NFT marketplace.
“I’m excited to be presenting these exclusive scenes from “Pulp Fiction” to fans,” said Tarantino in the announcement. “Secret Network and Secret NFTs provide a whole new world of connecting fans and artists, and I’m thrilled to be a part of that.”
The NFTs are built on Secret Network, the first Layer 1 blockchain with privacy-by-default for applications, i.e. the service includes choices for the individual as to how much personal data is shared with others. SCRT Labs, the core development company behind Secret Network, will support this NFT drop.
Indeed, Secret NFTs are part of the conversation in the art community regarding public and private access to content. To date, all NFTs propagated on Ethereum and other popular public-by-default blockchain networks rely on public-facing metadata. This means practically, that images featured within the NFT wallet of collectors are visible to all, with no choice available to the creator or owner.
“NFTs could be THE most disruptive technology to come out of this decade,” said Guy Zyskind, Co-founder of Secret Network and CEO of SCRT Labs. “The art community is alive with innovation and the media is actively exploring all the potential use cases associated with the technology. Now, we have privacy and access controls courtesy of Secret Network. Ultimately, that will enable a whole litany of new potential use cases.”
Secret Network was launched in February 2020 and is the first blockchain with data privacy by default for smart contracts, allowing you to build and use applications that are both permissionless and privacy-preserving. Based in Tel Aviv, SCRT Labs’ mission is to create products and systems that accelerate the adoption of privacy-first,
decentralized technologies. Its workforce comprises MIT and IDF elite cyber units alumni.