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CATEGORY: scrt


Feb 19, 2022 07:25

What is The Secret Network?

Learn more about The Secret Network’s privacy-focused smart contract platform in our “What Is Secret Network?” guide. COVERED: What is The Secret Network? Who Created The Secret Network? How It Works? What is SCRT Token? Concerns WHAT IS THE SECRET NETWORK? Secret Network is a blockchain network that has been built to enable privacy for […]

The post What is The Secret Network? appeared first on CryptosRus.

What Happened To Tarantino ’s “Pulp Fiction” NFT Collection? The Strange Finale

Author: Eduardo Próspero
United Kingdom
Feb 15, 2022 04:50

What Happened To Tarantino ’s “Pulp Fiction” NFT Collection? The Strange Finale

In the end, Quentin Tarantino ’s “Pulp Fiction” NFT Collection collapsed under its own weight. Did Miramax’s lawyers scare them off? Or was there not sufficient interest in the collection by the buyers? Did the Secret Network have any technical problem that they’re not telling us about? Sadly, we can’t answer those questions at the moment. Something happened, though. We will present the facts and nothing but the facts so that each one can arrive at their own conclusions. As a reminder, in the collection’s official site they now describe the pieces as, “Each NFT in the collection consists of the original script from a single iconic scene, as well as personalized audio commentary from Quentin Tarantino himself.” The Story So Far This case is very complicated. It has a lot of ins, a lot of outs, a lot of what-have-yous. As soon as the news about Quentin Tarantino entering the NFT space hit the press, Miramax sued. The pieces were based on the 1994 movie “Pulp Fiction,” and they owned the rights. There was a strange caveat to the whole story, which Bitcoinist explained: “The Secret Network is a Layer 1 privacy blockchain created by SCRT Labs. The unique value proposition from The Secret Network lies in the name; the NFTs will be “secret” and only accessible by the NFTs owner.” “Just that fact makes the lawsuit endlessly interesting. Only the person that buys the NFT can see what’s inside, so Miramax has no clue about the kind of content they’re suing for. They just know they own the rights to the picture and the discarded material, but, besides the reports and the marketing material, they’re as in the dark as the rest of us about the actual content.” Despite Miramax lawyers working overtime, The Secret Network went all in. Two days before the first auction, they were talking David Vs. Goliath.  “The Secret Network, on the other hand, is milking the situation to the extreme. Money can’t buy this kind of publicity. Their press release quotes Guy Zyskind, founder and CEO of SCRT Labs: “Secret Network is proud to stand with Quentin. We are committed to working with talented artists across the globe, by providing them a better way to release their works directly to fans without relying on older distribution models, which favor conglomerates over creators.” Tarantino NFTs’ First Sale At first, everything seemed normal. The first piece, based on the “Royale With Cheese” scene, sold for a whopping $1.1M. The collection’s tweet sold it as a big win. “And the winner of the ORIGINAL ‘ROYALE WITH CHEESE’ SCREENPLAY NFT is AnonsNFT, who bid $1.1M! We received a lot of great bids on the first NFT in the collection, but Anons took the prize.” And the winner of the ORIGINAL 'ROYALE WITH CHEESE' SCREENPLAY NFT is @AnonsNFT, who bid $1.1M! ???? We received a lot of great bids on the first NFT in the collection, but Anons took the prize. The 2nd auction, 'Pumpkin and Honey Bunny' is now live @ https://t.co/O1fmcrN4Rm pic.twitter.com/8U44PHQ6HP — Tarantino NFTs (@TarantinoNFTs) January 24, 2022 However, looking into AnonsNFT, the DAO defines itself as “1st @SecretNetwork PFP Collection.” So, is the organization related to the Secret Network in any way? That would put a dent in the “whopping $1.1M” story. SCRT price chart on Huobi | Source: SCRT/USDT on TradingView.com The Nuclear Option: Cancel The Whole Thing A few days later, the Secret Network used the most bogus excuse to cancel the whole thing. Volatility. With a straight face, they blamed it all on volatility. “AN IMPORTANT UPDATE FOR OUR COMMUNITY: In light of extreme market volatility, we’ve decided to postpone the remainder of the auction to put the needs of our community first. We know that these exclusive collector’s items will be valuable for generations to come. Instead of adding to the volatility, we will wait for the right market conditions to ensure the integrity and fair market value for our community and creators.” We know that these exclusive collector’s items will be valuable for generations to come. Instead of adding to the volatility, we will wait for the right market conditions to ensure the integrity and fair market value for our community and creators. — Tarantino NFTs (@TarantinoNFTs) January 28, 2022 Why did they do that? Nobody knows for sure. But the cover story is terrible, volatility? Really? Miramax didn’t take credit for the kill. And the Secret Network did not admit to low interest in the series or to technical difficulties. They just shut down the whole operation. Was Plagiarism A Factor? Did Tarantino Know About This? This case was plagued with copyright issues. And, to add insult to injury, the Andrew Cremeans story just comes out of nowhere. “It has been brought to my attention that Quentin Tarantino has been using my art without permission to sell his Pulp Fiction NFTs,” Cremeans said in a tweet.  It has been brought to my attention that Quentin Tarantino has been using my art without permission to sell his Pulp Fiction NFTs. Please see below. #nft #nfts #pulpfiction #tarantino #quentintarantino #jules #vincent #ripoff #art #artist #graphicdesign pic.twitter.com/MuTxRi9o2p — Andrew Cremeans (@Andrew_Cremeans) January 24, 2022 In a case as complex as this, it’s hard to believe that the operation collapsed because of an illustrator’s copyrights claims. The art is clearly his, though. And Cremeans complaint had to be brought to the front. Before dropping this story forever. This seems to be it for the Tarantino “Pulp Fiction” NFT collection, the saga’s last chapter. It’s a shame that it leaves an open ending such as this, with no definitive answers. Featured Image: Tarantino NFTs promotional image from this tweet | Charts by TradingView

Feb 01, 2022 12:40

Secret Price Prediction 2022 — Will SCRT Hit $8 Soon?

Bullish SCRT price prediction is $5.863 to $7.882. The SCRT price will also reach $8 soon. SCRT bearish market price

The post has appeared first on thenewscrypto.com

Jan 22, 2022 07:05

Secret Network: The Secrets To SECRET CRYPTO(SCRT)

The route to adoption may not look easy in the blockchain world. There are exciting innovations in the crypto world. This post is all about one such project called Secret Crypto (SCRT). The SCRT price has increased by almost +57.1% in the last few days. Let's take a look at it in more detail.

Secret Crypto: What is Secret Network (SCRT)?

According to its website, Secret Network is a blockchain platform that gives privacy-focused smart contracts and guarantees full data privacy. Secret Network provides privacy for any discreet data gathered and held in decentralized apps (DApps).

Secret Network is an autonomous, base-layer blockchain created by utilizing the Cosmos SDK. It helps smart contract growth and presents data privacy, allowing developers to create decentralized applications that also safeguard user data and maintain privacy.

The protocol employs "programmable privacy," which is called arbitrarily involved data privacy management within an application. Secret Network names these privacy-defending applications Secret Apps. The project considers that clients and companies require fine authority over their data for blockchain technology to achieve adoption.

The protocol employs "programmable privacy," which is called arbitrarily involved data privacy management within an application. Secret Network names these privacy-defending applications Secret Apps. The project considers that clients and companies require fine authority over their data for blockchain technology to achieve adoption.

Secret Network: How does it work?

Secret Network is designed as a decentralized system of machines (secret nodes) employing authorized execution environments (TEEs) to allow safe, confidential analysis over encrypted data. TEEs work like a “black box” for data processing and are employed in all sorts of standard platforms, such as smartphones.

Since data is encrypted and confidential, Secret Network users hold “viewing keys” to see their private data. They permit users to preserve authority over their data and choose what is transferred – and with who.

The Secret Network protocol has developed at a spectacular pace since the takeoff of Secret Network on February 13th, 2020. Secret Network was established as a proof-of-stake protocol founded on Cosmos SDK/Tendermint including the native token SCRT. The takeoff of Secret Network was administered by 20+ validators scrutinizing to help the network. This symbolized the action towards decentralized governance, sustainability, and a crucial stage towards creating a layer one solution that would allow both scalability and privacy for Web 3.0.

The next crucial stage in the ecosystem emerged in June with the outcome of the Secret Foundation - an association dedicated to sustainably encouraging the development of the Secret Network ecosystem. The Secret Foundation accomplished so by extending privacy as a general interest: entrusting people by delivering tools, technologies, instruction, and permission required to maintain their autonomy. On June 19th, the Secret Games Incentivized Testnet was declared.

About Secret Crypto Coin

https://twitter.com/SecretNetwork/status/1483824783334809609?s=20

SCRT (enunciated “Secret”) is the native currency of the Secret Network. This implies SCRT is utilized to expend payments and transfer value on the network. Secret nodes should stake SCRT to function on the network, and in return they accept payments and network prizes in SCRT. When nodes proceed offline, they can be “sliced” and yield a part of their SCRT stake. Holders of SCRT who are not utilizing nodes may “bind” their stake to a particular node to evolve a delegator. Delegators have an option to make a percentage of payments and network bonuses by helping a special group of validators.

The SCRT market cap is USD 849,618,061 and it has a circulating supply of 149,815,729 SCRT coins. The SCRT coin is available on many major exchanges. When purchasing a cryptocurrency from an exchange, it is always necessary to pick a reliable one. In fact, we recommend using Gate.io and Binance to buy SCRT.

Secret Crypto© Cryptoticker

The post Secret Network: The Secrets To SECRET CRYPTO(SCRT) appeared first on CryptoTicker.

Cosmos ecosystem tokens rally after Evmos promises Ethereum interoperability

Author: Cointelegraph By Jordan Finneseth
United States
Jan 08, 2022 12:09

Cosmos ecosystem tokens rally after Evmos promises Ethereum interoperability

IRIS, SCRT and AKT are among the Cosmos ecosystem assets that turned bullish in anticipation of Ethereum interoperability via Evmos.

Nov 03, 2021 06:00

Cult favourite ‘Pulp Fiction’ is dropping seven Secret NFTs on OpenSea

Quentin Tarantino, the award-winning director, screenwriter, producer, author, film critic, and actor, on the heels of his lifetime achievement award at the Rome Film Festival, will auction off seven uncut Pulp Fiction Scenes as non-fungible tokens (NFTs).

The post Cult favourite ‘Pulp Fiction’ is dropping seven Secret NFTs on OpenSea appeared first on CryptoSlate.

Oct 11, 2021 08:55

Top 7 Crypto Cannonballs for the Week!

Several altcoins outperformed for the past 7 days. Shiba Inu (SHIB) tops the chart for the week. Month of October

The post has appeared first on thenewscrypto.com

Jun 09, 2023 12:30

DeFi Tokens Show Resilience Amid Bearish Trend

Last week was quite a rollercoaster ride for the crypto market amidst the SEC’s never-ending turmoil. It had a significant

Oct 26, 2021 06:35

Secret Price at $8.78 after 35.2% Gains – How to Buy SCRT

While Bitcoin and Ethereum are cooling down after a wild price action over the past month, some little-known altcoins are taking the market by storm [...]

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