NFTs in a Nutshell: Weekly Review

NFTs in a Nutshell: Weekly Review

A new car manufacturer is entering the world of NFT. We can finally end the NFT saga in the dispute between Tarantino and Miramax. These are just a few of the biggest stories from the past week in the NFT landscape – let’s review these, and more, from the past seven days.

This week’s non-fungible token news

Final update on Tarantino and Miramax: The Settlement

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

The two sides plan to file dismissal papers in the coming weeks, and in a joint statement said they have put the matter behind them and look forward to working together in the future – including potential future NFT projects.

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

In partnership with The Secret Network, Tarantino released the first of several ‘Pulp Fiction’ NFTs in January, yielding $1 million – but the remaining token issuances were cancelled, as The Secret Network cited market volatility.

Details of the settlement are scarce, but Tarantino appears to have the green light to pursue NFT projects — and speculators might suggest that perhaps Miramax will take a percentage of the profits from such deals.

Ford joins a growing list of Big Box brands to show interest in NFT

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

As our team reported, “Ford plans to offer SUVs, vans, cars and trucks in text, artwork, video and audio files for download in NFTs,” according to the filing. The firm is also eyeing AR and VR car shows.

Several domestic American manufacturers have explored NFT, Chevrolet being one of them. Several premium foreign automakers, such as Porsche and Lamborghini, as well as companies such as Nissan and Toyota, have also made appearances 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 seemed to be the opinion of leading NFT market OpenSea last week. Since the long-awaited Ethereum merger is now just days away, OpenSea shared in the announcement that they do not deal with PoW NFTs, and that they will focus on servicing PoS NFT collections. PoW NFTs don’t seem to be supported on OpenSea after this week’s merge.

NFTs following Queen Elizabeth’s death are causing controversy

Meme coins and NFT collections are inevitable when it comes to global headlines. This was no exception last week, when Queen Elizabeth died, which was a historic moment which led to a lot of troll NFT collections which many found rather distasteful.

NFT Push by CASETiFY

Tech accessories brand CASETiFY is looking to make its mark on the digital landscape. The company’s new ARTFT pass will give users access to “exclusive benefits such as a lifetime supply of limited-edition CASETiFY phone cases, unique access to a new model that will allow them to earn additional rewards, and access to future discounts,” it said. press release – and as detailed by our team at The complete Bitcoinist report.

CASETiFY continues to strive to build this physical-digital fusion environment, what the company calls “phygital,” and could likely leverage powerful IP partners and/or native Web3 partners as it builds 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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