NFT roundup: Quentin Tarantino sells scenes from “Pulp Fiction” as NFTs, Hybe announces NFT joint venture with Dunamu

Quentin Tarantino sells 7 scenes from “Pulp Fiction” as NFTs

Quentin Tarantino on Tuesday (2 November) announced that he will sell uncut scenes from “Pulp Fiction” as non-fungible tokens (NFTs), also including the excerpts of the original handwritten scripts from the film and exclusive audio commentary from the director himself

The never-before-seen clips will be auctioned off as “Secret NFTs” built on Secret Network, a blockchain platform that focuses on privacy, which means the NFTs will have both a public and secret element. The NFTs will be auctioned on NFT marketplace OpenSea. 

Hybe announces NFT joint venture with Dunamu

Hybe Entertainment announced that it will diversify its business portfolio and tap into NFT through a joint venture with Dunamu, the operator of South Korea's cryptocurrency exchange Upbit. 

According to Yahoo, Hybe will acquire a 2.5% stake in Dunamu worth KRW 500 billion ($423 million), while Dunamu will buy KRW 700 billion of newly issued Hybe shares, which represent a 5.6% stake in the music agency.

Hybe founder and chairman Bang Si-hyuk said at an online corporate briefing that they will create NFT photocards that can be traded on Hybe’s application, Weverse.