3 ms·
> I suppose this depends on whatever license the buyer and original IP owner agreed to during the original sale. What agreement? People are just buying NFTs wi
by dragontamer 5y ago
> I suppose this depends on whatever license the buyer and original IP owner agreed to during the original sale.
What agreement? People are just buying NFTs without reading any contracts or signing anything.
- berberous 5y agoBored Ape Yacht Club has recently flipped CryptoPunks to become the #1 NFT "avatar" project. Why? Well, multiple factors, but I believe a huge one is because the license terms (https://boredapeyachtclub.com/#/terms https://boredapeyachtclub.com/#/terms) provide for broad rights to commercially exploit your NFT and create derivative works. This has led to celebrities purchasing them en masse and Universal Music Group even creating a new band based on BAYC avatars: https://nftnow.com/news/bored-ape-yacht-club-band-announced-by-umg/ https://nftnow.com/news/bored-ape-yacht-club-band-announced-... So yes, I think savvy buyers are very much paying attention to license terms, and as the space matures, having a clear IP license will be table stakes, and a permissive and broad IP license, a valuable element that people pay attention to. You are right that many people have ignored this to date, but the userbase will become more savvy and the platforms will mature so that these distinctions are clearer to buyers.