TARANTINO’s NFTs
The worldwide known film director, Quentin Tarantino, has announced his intention to release NFTs, based on his acclaimed film, Pulp Fiction (1994).
In short, NFTs (Non-Fungible Tokens) are defined as new digital assets, powered by Blockchain technology, in which all the transactions are recorded. In other words, NFTs contain data stored in the form of artistic works, that can be traded on the blockchain. More information can be found here: https://ati.ec.europa.eu/news/non-fungible-token.
While Tarantino’s fans celebrated this announcement, Miramax studios, which owns the intellectual property rights on the film, sent him a cease-and-desist letter to cancel the sale, to no avail.