NFTs

NFTs In A Nutshell: A Weekly Review

A new automaker is entering the world of NFTs. We can finally wrap up the NFT-centered saga in the Tarantino and Miramax dispute. These are just a couple 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

A Final Tarantino & Miramax Update: Settlement

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

The two parties plan to file dismissal paperwork in the coming weeks, and in a joint statement have said that they have put the matter behind them, and that they look forward to future collaborations – including potential future NFT projects.

The 1994 film ‘Pulp Fiction’ was one of Tarantino’s finest pieces of work, and the focal point of Tarantino’s NFT project – which featured uncut scenes from the film. Miramax argued that they held full rights with few exceptions, and believed 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 several ‘Pulp Fiction’ NFTs in January, yielding north of $1M – but the remaining token releases were cancelled, as The Secret Network cited market volatility.

Details of the settlement are few and far between, but it seems that Tarantino has the green light to pursue NFT projects – and speculators could suggest that perhaps Miramax will see a percentage of profits on such deals.

Ford Joins Growing List Of Big Box Brands To Show Interest In NFTs

U.S. auto manufacturer Ford is joining a continually growing list of major brands to express interest in engaging with NFTs. The move comes as the company filed for 19 trademark applications with the U.S. Patent and Trade Office (USPTO) in recent days.

As our team reported, “Ford is planning to offer SUVs, vans, automobiles, and trucks in downloadable text, artwork, video, and audio files in NFTs,” according to the filing documentation. The firm is also looking at AR and VR car exhibitions.

Few domestic U.S. manufacturers have explored with NFTs, Chevrolet being one of them. Several premium foreign automakers, such as Porsche and Lamborghini, as well as companies like Nissan and Toyota have played in the space as well.

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 Won’t Address Forked NFTs Post-Merge

Goodbye, Proof-of-Work NFTs. At least, that’s seemingly the sentiment from leading NFT marketplace OpenSea this past week. As the long-awaited Ethereum merge is now just days away, OpenSea shared in an announcement that they are not concerned with PoW NFTs, and will focus on servicing PoS NFT collections. PoW NFTs will seemingly not be supported on OpenSea following the merge this week. 

NFTs In The Wake Of Queen Elizabeth’s Death Cause Controversy

Meme coins and NFT collections are inevitable when it comes to global headlines. That was no exception this past week with the passing of Queen Elizabeth, a historic moment which led to plenty of troll NFT collections that many found quite distasteful.

CASETiFY’s NFT Push

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

CASETiFY continues to look to build this melding environment of physical and digital, as the company calls “phygital,” and could likely look to leverage powerful IP partners and/or native Web3 partners as it builds out it’s 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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