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Miramax sues Tarantino over ‘money grab’ Pulp Fiction NFTs

The film production company behind Pulp Fiction called Quentin Tarantino’s plans to make NFTs based on the film a “deliberate, premeditated, short-term money grab.”

Production company Miramax has filed a lawsuit accusing director Quentin Tarantino of copyright infringement for selling NFTs derived from his blockbuster 1994 film, Pulp Fiction.

On Nov. 2, Tarantino announced he would be tokenizing seven uncut screenplay scenes for the critically-acclaimed film as nonfungible tokens in December 2021. The NFTs will be built on the Secret Network, a layer one blockchain.

Each of the tokens would feature “the uncut first handwritten scripts of “Pulp Fiction” and exclusive custom commentary from Tarantino, revealing secrets about the film and its creator.”

Miramax owns the rights to the director’s classic edition of Pulp Fiction. In the suit filed on 16 Nov in the Central District of California. it claimed that, “Tarantino kept his Pulp Fiction NFT plans secret,” and that the announcement has interfered with its own plans to mint Pulp Fiction NFTs.

“This one-off effort devalues the NFT rights to ‘Pulp Fiction,’ which Miramax intends to maximize through a strategic, comprehensive approach,” Miramax attorney Bart Williams wrote in a statement.

Williams also accused Tarantino’s team of a “deliberate, premeditated, short-term money grab.”

“This group chose to recklessly, greedily, and intentionally disregard the agreement that Quentin signed instead of following the clear legal and ethical approach of simply communicating with Miramax about his proposed ideas.”

The suit stated: “He made no efforts to contact Miramax prior to his coordinated press campaign, despite having what were likely extensive negotiations with third parties to develop and sell the NFTs.”

Tarantino’s lawyers have claimed that he retained the right to publish his original screenplay in the Miramax contract, and that he is exercising that right through the NFT sale.

However, Miramax argues that NFTs are a one-time sale, and are not equivalent to publication of a screenplay. The suit states claims of breach of contract, copyright infringement, trademark infringement and unfair competition. Miramax has sent Tarantino a cease and desist letter to block the sale.

Related: 'Privacy-preserving computing is the future,' says Secret Network's Guy Zyskind after Quentin Tarantino NFT drop

Miramax is the production company behind Pulp Fiction, co-founded by disgraced film mogul Harvey Weinstein and his brother Bob Weinstein. Harvey Weinstein was ousted from the production company in Oct. 2017 after a laundry list of sexual abuse charges were revealed.

Miramax financed and collaborated with Tarantino on several of his more commercially successful films, including Jackie Brown and Kill Bill: Volumes 1 and 2. Pulp Fiction was Miramax’s first major release following its acquisition by Disney, grossing over $213 million worldwide.

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AMC Theatres debuts online Bitcoin payments after months of teasing

AMC Theaters now accepts online payments in Bitcoin, Ether, Bitcoin Cash and Litecoin, with Dogecoin coming next.

American cinema giant AMC Theatres is finally adopting cryptocurrencies like Bitcoin (BTC) for online payments following months of teasing the new payment option.

AMC CEO Adam Aron announced Thursday that the company now proudly accepts four major cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) for online payments.

The new payment method already accounts for 14% of AMC’s total online transactions, Aron said, adding that cryptocurrencies join traditional payment options like Apple Pay, Google Pay and PayPal, the CEO wrote.

Dogecoin (DOGE), a popular meme cryptocurrency that skyrocketed 9,000% over the past year, will be the next digital currency accepted for online payments at AMC, Aron noted. He previously promised that AMC will support DOGE payments for tickets after his 140,000 Twitter poll convinced the company to accept the cryptocurrency as payment.

Aron eventually conducted a similar poll for Shiba Inu (SHIB), another popular meme cryptocurrency that overtook Dogecoin in market capitalization in late October.

The latest news comes in line with AMC’s plans to debut Bitcoin payments for movie tickets by the end of 2021. The company announced the plan in August, eventually expanding the list of supported cryptocurrencies with coins like ETH, BCH, LTC and DOGE.

Related: Visa working on blockchain interoperability hub for crypto payments

AMC has been steadily approaching its goal of accepting cryptocurrency payments by year-end, debuting crypto payments for digital gift card purchases in early October.

The firm did not immediately respond to Cointelegraph’s request for comment.

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AMC Theatres debuts crypto payments for e-gift card purchases

The major American theater chain wants to let customers buy movie tickets with crypto by 2022.

American cinema giant AMC Theatres is steadily approaching its goal of accepting cryptocurrency payments by year-end, now debuting crypto purchases for electronic gift cards.

AMC customers can now buy digital gift cards with cryptocurrencies like Bitcoin (BTC) directly through the AMC website, mobile app and theatres, CEO Adam Aron announced on Oct. 5.

The new payment option was enabled through major crypto payment processor BitPay, allowing consumers to purchase e-cards of up to $200, Aron noted.

The CEO paid special attention to Dogecoin (DOGE) among the digital assets accepted for AMC e-card purchases. Aron hinted in September that AMC will include DOGE in the list of cryptocurrencies accepted for tickets by the end of 2021.

Aron had conducted a poll of 140,000 people on Twitter, asking the community whether AMC should accept DOGE payments for tickets. “It’s clear that you think AMC should accept Dogecoin. Now we need to figure out how to do that. Stay tuned,” Aron said at the time.

Related: Verifone to enable crypto payments at major retailers through BitPay

As previously reported, Aron announced the company’s plans to accept Bitcoin payments for movie tickets in August, expecting to roll out the new payment option by 2022. The movie chain also plans to support four other cryptocurrencies: the aforementionedDOGE, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

Earlier this year, Major Cineplex Group, the largest movie theater operator in Thailand, launched a payment pilot allowing customers to buy tickets with cryptos.

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NFT animation ‘Stoner Cats’ preps for launch following delay

After a false start yesterday, the Stoner Cats team say they're now ready for take two.

A cat-themed animated series, featuring prominent entertainers and personalities from the crypto space, is reportedly back on schedule after an unexpected delay.

Stoner Cats is an NFT series launched by actress Mila Kunis in partnership with CryptoKitties co-founder Mack Flavelle, CryptoPoops NFT creator Jonathan Howard, and others through their recent endeavor Big Head Club. The project is scheduled to launch at 5:00 PM EST today after a false start prevented the tokens from dropping on Monday. The project's NFTs, which feature characters from the show, will allow holders to watch episodes as they're produced and, at some future point, may also allow some form of governance over the studio's production decisions.

"We are ready for the launch tonight and excited,” Flavelle told Cointelegraph, before going on to acknowledge the difficulties experienced during yesterday's not-quite-launch:

"People's time is the most valuable thing they have and we took their time. So I totally understand their frustration."

Related: Blockchain tech is holding NFTs back because of these three design flaws

Yesterday, Flavelle told disgruntled cat fans on Discord that “we f--ked it up” after the team found a bug in the underlying art layers which could have affected the project's NFTs. The group's Twitter account said it was “working on some tech issues” before eventually announcing the sale would be pushed to Tuesday.

Many crypto users were seemingly frustrated at the delay, with some in Europe and Asia reporting they had stayed up late due to the time zone difference for the project that “failed to mint.”

Despite the issues, the project continues to attract a lot of attention due to the involvement of major celebrities including Mila Kunis, Jane Fonda, Ashton Kutcher, Seth MacFarlane, and Chris Rock. All cast members will reportedly be paid in Ether (ETH), including Ethereum founder Vitalik Buterin, who said he would donate his pay for the project to the SENS Foundation — a non-profit organization researching the applications of regenerative medicine to aging.

Related: Dog day afternoon as Vitalik dumps multiple memecoins in the name of charity

“I think people are starting to understand it’s not about access to the first piece of content,” said Kutcher in a discussion with Howard today. “It’s about access to the ongoing content that will be created as a result of this.”

The actor added:

“Anybody who’s holding the NFT fundamentally has their own theater. They are the owner of the ticket kiosk for the future.”

There will be 10,420 initial cat NFTs available at a price of 0.35 ETH — roughly $784 at the time of publication. The price of Ether jumped to more than $2,400 yesterday but has since dropped to the $2,200s.

The first episode of Stoner Cats — titled "Stoned Awakening" — is set to premiere on July 29, and will be available to participants of today's sale.

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Ethereum documentary featuring Vitalik Buterin raises $1.9M in 3 days

Slated to premiere in winter 2023, the film will approach Ethereum as an “infinite garden,” laying out its blockchain as a “decentralized ecosystem with soil, plants, and insects.”

The cryptocurrency community is highly anticipating the release of a new documentary about the Ethereum blockchain, with the film’s funding campaign exceeding expectations.

A crowdfunding round for Ethereum-themed documentary dubbed Ethereum: The Infinite Garden has surpassed its goal of 750 Ether (ETH), raising a total of 1,035.96 ETH worth $1.9 million as of July 16, the creators announced.

The funding campaign started last Wednesday to support the production of a feature-length character-driven documentary film exploring the “innovative real-world applications of the Ethereum blockchain, the die-hard community of enthusiasts and developers, and its creator, Vitalik Buterin.”

Ending Friday, the fundraising campaign amassed a total of 662 backers that contributed through Mirror, a decentralized crypto-based network. “We are blown away by the support of the community. In 3 days we surpassed our goal,” the project creators said.

Some 95% of raised funds will be directed towards the film’s production budget, while 3% will be distributed on Gitcoin grants to support open-source Ethereum projects, and the remaining 2% will be sent as a donation to Carbonfund.org, an initiative to reduce global carbon emissions.

Related: Maximalists at the movies: Bitcoiners crowdfunding anti-FUD documentary film

To premiere in winter 2023, the film will approach Ethereum as an “infinite garden,” laying out its blockchain as a “decentralized ecosystem with soil, plants, and insects” instead of thinking of it as a “machine controlled by a central brain.” The idea of the infinite garden was conceptualized by Aya Miyaguchi, the executive director of the Ethereum Foundation.

The project creators dropped a series of Infinite Garden nonfungible tokens (NFTs) tied to select on-screen credits in the film. The top three backers have been awarded these three unique NFTs designed by digital artist Pplpleasr, who is known for providing visual work for films like Batman v Superman, Wonder Woman and Star Trek Beyond.

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Marvel reveals official NFTs will be available on VeVe marketplace by 2022

Some of the more well known characters from Marvel include Wolverine, Spiderman, Iron Man, and Captain America.

The VeVe virtual marketplace will soon have official nonfungible tokens and digital comic books from Marvel.

In a Thursday announcement, Marvel Entertainment said it had partnered with Orbis Blockchain Technologies to release nonfungible tokens, or NFTs, and digital collectibles on the VeVe marketplace app starting later this year. According to the entertainment company, the NFTs will include digital collectibles and comic books which Marvel fans can trade as well as display in virtual showrooms.

“We hope to expand the limits of what Marvel fandom can be, starting with personal and interactive digital collectibles that, through NFTs, fans can truly collect, share, and enjoy in a way that they have not been able to do before,” said Marvel’s vice president of business development and strategy Daniel Fink.

All the Marvel digital collectibles will be minted on the blockchain and be available for users to buy and sell to others on VeVe’s secondary marketplace with the in-app token Gems (GEM). The VeVe app accepts credit card payments for the tokens, and already offers digital collectibles with characters from DC Comics, Star Trek, and other franchises. Some of the more well known characters from Marvel include Wolverine, Spiderman, Iron Man, and Captain America.

Though Marvel has largely not been directly involved with the crypto space, individual artists can still offer their work featuring known characters. In February, an NFT featuring a Spiderman drawing by Adam Kubert sold for more than $25,000 on Portion.io, a platform that allows users to create and auction rare art.

Related: Former DC comic book artist fetches $1.85M auctioning Wonder Woman NFTs

In addition, digital assets and aspects of the crypto space have found their way into the Marvel Cinematic Universe. The third episode of The Falcon and the Winter Soldier series available on Disney+ had a reference to a $59 million Bitcoin (BTC) bounty.

The VeVe marketplace has reported it sold more than 580,000 NFTs since December 2020. Cointelegraph reported in May that NFT trading volume across the space could reach $175 million by October, with an industry market capitalization of $470 million.

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