Home Ethereum Why the creators of Ethereum NFT are giving away trading rights to everyone

Why the creators of Ethereum NFT are giving away trading rights to everyone

Why the creators of Ethereum NFT are giving away trading rights to everyone

In short

  • Popular NFT project Moonbirds will upgrade to a CC0 license, putting its artwork into the public domain.
  • As with other CC0 projects, this means the work can be freely used, remixed and commercialized.

Lunar birds is one of 2022 most successful NFT projects, generating more than half a billion dollars in trading volume in just a few months. Buying one will cost you at least $29,000 worth of ETH at the time of this writing. But its creators have now decided that you won’t need to own a Moonbird to use its images.

Proof—the Web3 startup behind the Proof Collective NFT band and Moonbirds – announced that he will be transitioning between Moonbirds and the recent Oddities NFT collections to a CC0, or Creative Commons ZeroLicence.

In effect, this means that no rights are reserved by the creators, and it places the work in the public domain. As a result, anyone can use Moonbirds or Oddities artwork and likenesses to create and sell spin-off projects, merchandise, apparel, anything.

Proof co-founder Kevin Rose, tech entrepreneur and venture capitalist, posted a Twitter thread with today’s news, starting by noting his co-creation of the social platform Digg in 2004. The Web2 veteran said Digg’s pioneering features were quickly imitated and iterated by platforms competitors.

“The default knee-jerk reaction is to protect what you’ve created,” Rose wrote. “But Web3 is a chance to reboot and re-examine everything to get back to basics. A chance to say that others don’t need to fail for us to win. A chance to be more inclusive and open to all .

Like other CC0 projects, Moonbirds will rely on the provenance of Ethereum blockchain to prove that the NFTs are the original creations. “The authenticity of the Moonbirds will not come from the lawyers who enforce the trademarks,” Rose wrote, “but rather from the proven provenance and single source of truth of smart contracts.”

Proof’s announcement comes just days after the pseudonymous crypto artist XCOPY tweeted that they would also open all their previous works to the public domain.

XCOPY creates a very different type of NFT artwork than Moonbirds – their specialty is single-edition digital artwork that has sold for millions of dollars each. XCOPY previously released its “Right Click, Save As Guy” artwork – which sold for almost $7.1 million worth of ETH in December 2021 – into the public domain.

On Monday, XCOPY wrote that their artwork “summer.jpg” would also receive CC0 status… with everything they’ve done that isn’t a collaboration.

“We haven’t really seen a CC0 summer yet, but I believe it is coming,” XCOPY wrote, “I will go ahead and apply CC0 [to] all my existing art.

Why CC0?

Proof and XCOPY are the latest major Ethereum NFT creators to tap into the growing CC0 movement, but they are not the only ones. Nounsa new NFT project that auctions a single NFT per day and gives owners the right to vote on a valuable CAD cash is probably the best known CC0 project in the space.

Name imagery, including square “name glasses”, can be used for all sorts of spin-off NFT projects – and it is, if Petty Names, 3D Names, and NounPunks are to be believed. . That’s just the tip of the iceberg, and we’re seeing the name aesthetic spill over into merchandise and other avenues on the one-year anniversary of its initiate approaches.

In fact, the glasses of the names were featured in a Bud Light commercial during the last Super Bowl. The Budlight brand has an NFT of names and participates in DAO votes, but it was not necessary to own the NFT to use the glasses in advertising. It might be an unexpected twist, but it fits well with the decentralized and open source ethos of the Web3 movement.

“You don’t need copyright anymore”, co-creator of Nouns 4156 Told Decrypt last November. “In the same way that scholarly citations make the original article more important, citing names in whatever form they come – at least, that is our thesis – will make the originals more important and more valuable.”

In other words, in the view of 4156 and many other CC0 advocates, the increasing use and proliferation of intellectual property should restore value to original NFT creations, rather than take them away from them. In fact, the goal is to spread the imagery far and wide, like memes.

But there are NFT owners who potentially benefit from this open source IP expansion.

“CC0+NFT does for the media what Bitcoin made for money: it transforms a contradictory game into a cooperative game”, 4156 tweeted in May, as noted by one full explainer of a16z Crypto of the CC0 movement published on Wednesday.

It’s a great experience, and with the names, it’s only been a year. On the other hand, the images of Nouns have already been exposed during a Super Bowl broadcast. And beyond openly allowing and encouraging derivative works, the Nouns DAO continually uses its vast treasury to fund projects that help expand and further disseminate intellectual property.

The name auction and DAO model are unique, but there are many other CC0 projects, including goblintown, CryptoToadz, Mfers, Anonymice and Blitmap. Loot is another well-known example of the conceptbecause NFT lists of fantastic equipment can be used as a basis for all kinds of projects, including games and narrative products.

Unlike those projects, Moonbirds didn’t start out as a CC0 project: it opens up to the public, regardless of what the thousands of NFT owners think. Rose, for her part, seems to be at peace with the idea of ​​handing over the keys to… well, everyone.

“We can’t change our minds,” he tweeted. “We have your back and look forward to helping you promote and support all of your creative endeavours.”

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