NFTs In A Nutshell: A Weekly Review

A new automaker is entering the world of NFTs. We can finally wrap up the NFT-centric saga of the Tarantino and Miramax feud. These are just some of the biggest stories of the past week in the NFT landscape – let’s review these and more, from the last seven days.

This week’s irreplaceable news

A Final Tarantino & Miramax Update: Settlement

We can finally close the door on the long-running saga that was Quentin Tarantino and Miramax’s dispute over Tarantino’s ‘Pulp Fiction’ NFTs. The two sides reached a settlement agreement in recent days, according to reports, after Miramax pursued a copyright lawsuit late last year and this year.

The two parties plan to file dismissal papers in the coming weeks, and in a joint statement said they have put the matter behind them and are looking forward to future collaborations – including possible future NFT projects.

The 1994 film Pulp Fiction was one of Tarantino’s best works and the focus of Tarantino’s NFT project – which featured uncut scenes from the film. Miramax argued that it owned full rights with few exceptions and believed that those exceptions did not include NFTs. Tarantino first announced the project in November of last year.

In partnership with The Secret Network, Tarantino released the first of many “Pulp Fiction” NFTs in January, yielding north of $1 million – but the rest of the token releases were canceled as The Secret Network cited market volatility.

Details of the settlement are scant, but it appears that Tarantino has the green light to pursue NFT projects — and speculators could suggest that perhaps Miramax will see a percentage of profits from such deals.

Ford joins the growing list of Big Box Brands to show interest in NFTs

American automaker Ford joins an ever-growing list of major brands to express interest in engaging with NFTs. The move comes as the company filed 19 trademark applications with the US Patent and Trade Office (USPTO) in recent days.

As our team reported, “Ford plans to offer SUVs, trucks, cars and vans in downloadable text, artwork, video and audio files on NFT,” according to the filing documentation. The company is also considering AR and VR car shows.

A few domestic US manufacturers have explored NFTs, Chevrolet being one of them. Several leading foreign automakers, such as Porsche and Lamborghini, as well as companies such as Nissan and Toyota have also played in the space.

Ethereum's long-awaited merge is just a few short days away. As the blockchain moves from Proof-of-Work to Proof-of-Stake, what sort of impacts could we see on the NFT market? | Source: ETH-USD on TradingView.com

OpenSea will not deal with Forked NFTs after the Merger

Goodbye, Proof-of-Work NFTs. At least, that’s seemingly the sentiment from the top NFT market OpenSea last week. With the long-awaited Ethereum merger just days away, OpenSea shared in an announcement that it is not interested in PoW NFTs and will focus on servicing PoS NFT collections. It looks like PoW NFTs will not be supported on OpenSea after the merge this week.

NFTs in wake of Queen Elizabeth’s death spark controversy

Meme coins and NFT collections are inevitable when it comes to global titles. This was no exception last week with the death of Queen Elizabeth, a historic moment that led to many collections of NFT trolls that many found quite distasteful.

CASETIFY’s NFT Push

Tech accessories brand CASETIFY wants to make its mark on the digital landscape. The company’s new ARTFT pass will give users access to “exclusive benefits like lifetime limited edition CASETiFY phone cases, unique access to a new model that will allow them to earn extra rewards, and access to future drops,” a press release – and as described by our team in the full Bitcoinist report.

CASETiFY continues to strive to create this fusion of physical and digital environment, which the company calls “phygital,” and could likely look to leverage strong IP partners and/or native Web3 partners as it develops its ARTFT program.

Featured image from Pexels, Charts from TradingView.com

The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice. This op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike.

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