There are so many big names, both in entertainment and in the corporate world, that are staking their claim in the NFT industry. So many in fact, that we’re highlighting three of them that made massive announcements today, Quentin Tarantino, Rolling Stone Magazine, and the Warner Bros. Here’s what’s going on:
Quentin Tarantino Will Launch Pulp Fiction NFTs
First up, Quentin Tarantino recently made the announcement that he plans on minting seven uncut scenes from his hit movie, Pulp Fiction, as NFTs. According to the announcement, the collectibles will each include original handwritten scripts from the film and exclusive audio commentary from Tarantino himself.
The auctions of the tokens will take place on the most popular NFT marketplace online today, OpenSea.
With the announcement, Tarantino said that the NFTs in his collection are built on the Secret Network. The Network is a blockchain ecosystem that puts privacy first. Unlike OpenSea, this means that the NFTs included in the collection are only viewable to the owners of the art.
In fact, the Secret Network claims to be the first blockchain with privacy-preserving smart contracts. This means that transaction and ownership data is encrypted so that it’s not available for the world to see. This is opposed to how other blockchains like Ethereum work. On other blockchains, transactional and ownership data are public.
Nonetheless, with the popularity of the Pulp Fiction title, and the man behind the movie, Quentin Tarantino, it’s expected that this collection will make waves when it drops, driving significant sales.
The Rolling Stones Unveils Its First NFT
Next up, the Rolling Stones, one of the most popular entertainment-focused magazines in existence today, announced that it will be selling its own NFT collection relatively soon.
Next up, Roling Stone said it will be officially diving into the NFT world with its first ever digital cover NFT. The cover is being created in partnership with one of the most popular NFT projects in the history of blockchain technology, the Bored Ape Yacht Club (BAYC).
In the announcement, Rolling Stone said it will mint a digital cover image as an NFT. This will serve as one of two pieces from the collection that will use the official Rolling Stones logo. However, the full collection will feature seven NFTs in total. The two with the Rolling Stones logo will feature animated cover designs by Yuga Labs. The remaining five pieces in the collection will be commissioned work by popular NFT artists, all of which will focus on different Bored Apes or Mutant Apes.
In a statement, Gus Wenner, President and COO of Rolling Stone, had the following to offer:
“We are thrilled to collaborate with Bored Ape Yacht Club. The cultural groundswell associated with these artists is in line with movements Rolling Stone has covered for decades. The Bored Apes’ shared love of music and counter-culture made them fantastic collaborators to bring this unique project to life with.”
The above statement was followed up by Gordon Goner, the pseudonymous co-founder of BAYC. Here’s what he had to say:
We’re excited to partner with Rolling Stone for these two NFTs, and to feature a Bored Ape (as well as a Mutant Ape) on one of the most iconic covers in the world. The aesthetic of the Bored Ape Yacht Club is deeply indebted to the music we loved growing up and partnering with Rolling Stone for these special NFTs is the perfect way to pay homage to those influences.
Warner Bros Jumps in With the Matrix NFTS
Finally, Warner Bros, one of the biggest names in entertainment, said it is expanding the Matrix franchise to the NFT community. The company said it will be releasing non-fungible tokens inspired by the upcoming film, The Matrix: Resurrections.
However, the company is making its entrance into the NFT space with a twist. Most popular brands and celebrities that have entered the space have focused the digital artwork associated with their tokens on their brands and franchises. While this collection will bring the matrix franchise into focus, it’s taking much of its inspiration from popular NFT communities like CryptoPunks and the Bored Ape Yacht Club.
Speaking to this decision, Jeff Marsilio, CEO and co-founder at Nifty’s, had the following to offer:
“We really think that theme, of digital identity, and choice, and owning that identity, resonates with the themes in The Matrix franchise. It was an opportunity to take what was already a grassroots movement with the NFT avatar, and take it further mainstream.”
This isn’t the first NFT play Warner Brothers has made either. Earlier this year, the company partnered with Nifty’s on a set of Space Jam digital collectibles.
The Bottom Line
The bottom line here is simple. Big names are piling into the NFT space in droves. As this trend continues, and consumer adoption flies off the charts, NFTs and the blockchain will become further and further engrained in arts, entertainment, and digital asset ownership.