A quick 3min read about today's crypto news!
Quentin Tarantino is the latest celebrity jumping into the non-fungible token (NFT) craze, offering seven deleted scenes of "Pulp Fiction," a 1994 American crime film that has won 23 awards from 48 nominations, in the form of NFTs.
The NFTs are built on Secret Network (SCRT), a base-layer blockchain network with data privacy by default.
SCRT, ranked 100th by market capitalization, rallied by around 10% after the news, erasing all its losses today. At 14:44 UTC, it traded at USD 9.6 and was up by 2% in a day and 22% in a week. The coin was trading at around USD 5 on October 20, when it was listed by Binance, and is now up by 256% in a month.
Meanwhile, the newly released content is unique, one-of-a-kind that has reportedly never been seen and includes "the uncut first handwritten scripts of “Pulp Fiction” and exclusive custom commentary from Tarantino, revealing secrets about the film and its creator," an announcement said, adding that “each NFT at auction contains “secret” content viewable only by the owner of the NFT.” The initial auctions of the NFTs will occur on OpenSea, per the announcement.
The film won the Palme d’Or award at the Cannes Film Festival in 1994, as well as seven Academy Award nominations, including Best Picture.
The Secret Network and its Secret NFTs act as private coins, protecting users' identities by default while enabling artists to create NFTs with private content. ____Learn more: - Half-Billion Dollar ‘Fake’ NFT Sale Becomes Real PR Stunt- FATF Wants Countries to Get Serious About Crypto Regulation, Mentions NFTs, DeFi
- FTX Founder on NFTs: 'I Don’t Get The Appeal of Some of These'- NFTs ‘on Bitcoin’: Yes, That’s a Thing!