In response to a lawsuit and demand by Miramax, the copyright holders of Quentin Tarantino’s new movie Once Upon a Time in Hollywood, NFT creators have taken down their games. The plaintiff is seeking damages for “tens of millions” because they say that these titles were created without consent or payment.
The “NFT sales” is a type of digital asset that can be bought and sold on the blockchain. The latest lawsuit from Miramax has been filed, which states that Tarantino should take down his NFTs because they are infringing on their intellectual property. Read more in detail here: nft sales.
When it comes to selling NFTs, it seems that not everything is flowers and money, and there is still a lot of gray area when it comes to copyright infringement in this media. Miramax, a Hollywood studio, filed a lawsuit on Tuesday against Quentin Tarantino’s newest foray into the field of nonfiction filmmaking.
Tarantino made waves all over the globe only a few weeks ago when he announced the release of a set of seven NFT collectibles based on his legendary 1994 film ‘Pulp Fiction.’ However, Miramax’s legal docs claim that this is a violation of contract, trademark infringement, and unfair competition, and that they want a piece of the lucrative NFT pie as well.
Attorneys for Miramax said Tarantino published the NFTs without first informing the studio, which still owns the 1994 cult movie. Miramax had apparently planned to join the NFT market with its own Pulp Fiction NFT collectibles, but Tarantino got there first.
“This group opted to recklessly, selfishly, and willfully break the agreement that Quentin made instead of following the obvious legal and ethical path of just engaging with Miramax about his suggested ideas,” said Bart Williams, a lawyer for Miramax in the claim. The NFT rights to ‘Pulp Fiction,’ which Miramax aims to maximize via a systematic, comprehensive strategy, are devalued by this one-off attempt.”
In the NFT world, there are no black and white laws when it comes to these kinds of difficult issues, so it’s unknown whether Tarantino crossed a boundary that may get him in serious trouble. Keep an eye out for updates on the result. The film business and its ties with the NFT world will undoubtedly face additional laws as a result of this.
Frequently Asked Questions
Has anyone been sued NFTs?
A: Several cases have been brought against companies that have implemented NFTs into their games, but most of these were dismissed by the courts because they did not offer sufficient evidence to support their claims.
Can you sue over an NFT?
A: A no-fault transaction is not a contract. Someone could sue over an item you bought with NFTs, but they would have to prove that the vendor broke the law in some way and/or was negligent
How much is Tarantino?
A: Tarantino is $15.
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