Now, with the help of the Israeli startup SCRT Labs, the scripts for “Cheap Literature” are also being offered at auction as NFT. The bonus: the personal audio interpretation of the esteemed director. Only not everyone agrees on copyright
Screenshot
– Do you know what NFT is called in Paris?
– They do not call it Non-fungible token in Paris?
– No. They speak French there, they did not know what the hell it is fungible
– Okay… So what do they call it?
– They call it Jeton non fongible
– Jeton non fongible… lol… what do they call a blockchain name
– Blockchain is a blockchain, but they call it a blockchain
In a row for crypto, NFT, 90s enthusiasts, Big Kahuna and Trentino burgers. American-Tel Aviv director Quentin Tarantino has officially announced the auction of NFT, which includes excerpts from the original script of “Cheap Literature” and several other additions.
As part of the auction, which will begin on January 17, 2022, episodes from the original script of the 1994 cult film “Cheap Literature,” written in the handwriting of the award-winning director, and never seen before, will be offered for sale. These files also include a unique audio interpretation of the creator of one iconic scene, and will be sold on the blockchain network – Secret Network, Web3’s data privacy platform – developed by the Israeli startup SCRT Labs.
According to the company, the NFTs are offered on top of the Secret Network, a blockchain network with encryption technology by default for smart contracts, and in practice, SCRT Labs claims, the use of this encryption technology will ensure that Secret NFTs buyers are the only ones authorized To them, and they will be the only ones who can decide if they want to share them with others.
The Trentino auction will take place on Ethereum, which is operated by the Secret Network, and participants will be able to use stable currencies that are compatible with ETH and ERC-20.
Whose copyright is it?
A statement from the Israeli startup stated that “Trentino owns and has the exclusive rights to publish the script of the film and owns the original copy written in his handwriting, and is a personal creative treasure that he has kept private for decades” but some will disagree. When Trentino’s plans first became known, it was sued by entertainment giant Miramax, which produced the original film, claiming that its commercialization rights did not include NFT – which, as is well known, did not exist in the early 1990s. Miramax itself also has a plan to offer NFT of the film so it has issued a letter of cease and desist however however as can be seen, the director was not too impressed by this move.
More such stories are waiting for you on the official Giktiim channel
Meet through a mutual friend
Source: Miramax
In conversation with GiktiimGuy Ziskind, one of the founders of Secret Network and CEO of SCRT Labs, whose relationship with Trentino was initially formed through a mutual friend who linked them: “He was very connected to our technology and what we do, and we quickly realized we wanted to collaborate together.”
What is special about your blockchain network?
“Blockchain, in general, is a type of distributed cloud on which applications can be built. Blockchains excel in that the information sitting on them is very reliable, meaning no one can change the code it runs or falsify the information sitting on it. On the other hand, they have one significant drawback and that is that all the information sitting on them is public to everyone. This means that it is not possible to build applications that use sensitive information over the blockchain – which is also true for leading blockchains such as Etherium. “Our technology solves this obstacle – we have developed a blockchain called the Secret Network where all information remains private.”
In practice, Ziskind explains, software products can be built on this blockchain that are permissionless and at the same time protect the information privacy of their users. The network itself was first launched in September 2020, and is supported by dozens of independent development companies (including SCRT Labs, which develops the network’s core), world-class “secret nodes” operators, and thousands of “Secret Agents” around the world.
The Israeli startup will deduct a commission from each NFT that is sold, but the company refused to comment on the amount they expect to earn from the sale and contented itself with noting the fact that there is “close cooperation between the two parties.” SCRT Labs The startup behind the Secret Network is based on research conducted by its founder, Guy Ziskind at MIT, and is made up of MIT graduates and senior IDF cyber units.
Yaniv Avital
Giktiim website editor. Do you have an idea for the article? A secret tip? leak? Waiting for you at [email protected]
Tags for the article:
.