The director is auctioning off 7 never-before-seen scenes from his cult film Pulp Fiction. But auctions of a somewhat particular kind, since they will be in the form of virtual tokens. Explanations.
An auction … Of a rather special kind. Quentin Tarantino announced on November 2 that he was auctioning 7 unseen scenes from his film Pulp Fiction, in the form of NFT.
The NFT, késako? Acronym of Non Fungible Token, or “non-fungible token”, it is in fact a virtual token having a unique identifier and its own identity, like a work of art, and these virtual tokens are exchanged according to the offer and the Requirement. Therefore storing digital data, they can neither be falsified nor reproduced. Each token exists in a single copy.
“Each NFT contains one or more hitherto unknown secrets and will offer its owner (s) a glimpse into the mind and creative process of Quentin Tarantino” specifies the site created for the occasion.
It is not known for the moment which scenes they are and therefore where they fit into the film. However, we know that these are unedited scenes and that buyers can buy several at the same time. The society Secret Network, with whom the sale is organized, wants to leave the choice to buyers to reveal their purchases or not once the transaction is completed. In addition to the 7 unreleased scenes, handwritten scripts from the director and an exclusive audio commentary are also part of the NFTs for sale.
The digital art market has exploded. According to a report from the site nonfungible.com, it has grown 299% per year since the start of the pandemic, reaching $ 250 million in 2020. In March, a digital collage by artist Mike Winkelmann, known as Beeple, was sold for $ 69.3 million at an auction at Christie’s.
Anyway, QT fans, in any case the most fortunate, should rush to the offer …
