Award-winning director Quentin Tarantino announced Tuesday he’s auctioning off seven uncut scenes from “Pulp Fiction” as non-fungible tokens, or NFTs, that include never-before-seen content.
The scenes include audio commentary from Tarantino and original handwritten scripts.
“I’m excited to be presenting these exclusive scenes from PULP FICTION to fans,” Tarantino said in a statement.
“Secret Network and Secret NFTs provide a whole new world of connecting fans and artists and I’m thrilled to be a part of that.”
NFTs are digital assets that represent ownership of virtual items like computerized art and sports highlights. Transactions of NFTs are recorded on blockchain technology and powered by collections of code known as smart contracts.
Each NFT will include “secret” content that’s only viewable by the owner of the collectable, according to SCRT Labs, the core development company behind the Secret Network, which hosts the NFTs.
The Secret Network is a blockchain system that prioritizes privacy.
Tarantino is scheduled to speak more about the NFT release during a panel later Tuesday alongside crypto investor Mike Novogratz and others at the NFT NYC conference.
Tarantino’s NFTs will go up for auction on OpenSea, the world’s largest NFT marketplace, according to a press release. It’s unclear when the auctions will take place.
Once one NFT is purchased, the holder can decide whether to keep it a secret, share it with a close circle or make their ownership public.
“Each NFT contains one or more previously unknown secrets of a specific iconic scene from Pulp Fiction,” says a website set up to publicize the NFTs.
“The privileged person who will purchase one of these few and rare NFTs will get a hold of those secrets and a glimpse into the mind and the creative process of Quentin Tarantino.”
The Secret Network says it’s the first blockchain with smart contracts that keep transaction and ownership data secret.
Other blockchain networks, like Ethereum, which houses most NFT projects, keep transaction and ownership data public by default.
NFTs have exploded in popularity this year, with sales volume surging to new heights this month and fetching eye-popping prices.
Along with the success of the largely unregulated market, countless celebrities have sought to tap into the huge amounts of money being made through the sale of NFTs.
Everyone from Paris Hilton to the kids from viral YouTube sensation “Charlie bit my Finger” have released NFTs.
Others, including rapper-singer Lil Nas X, Martha Stewart, Snoop Dogg, Reese Witherspoon, Lindsay Lohan and others, have either released NFTs, announced plans to, or have a public interest in getting involved in the sector.