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It's more complicated than that. > The Bored Ape Yacht Club terms of service grant a commercial license to exploit the copyright of each Bored Ape to the owner
by Bjartr 4y ago
It's more complicated than that.
> The Bored Ape Yacht Club terms of service grant a commercial license to exploit the copyright of each Bored Ape to the owner of the relevant NFT.
So the holder of a Bored Ape NFT has a license to commercially use the off-chain image associated with the NFT by way of an on-chain URL. That license is granted by the actual copyright holders of all of the Bored Apes.
- vba616 4y agoYes, of course. Just like you can create anything, and license it as you wish, and keep a list of authorized licensees on https://en.wikipedia.org/wiki/Punched_tape https://en.wikipedia.org/wiki/Punched_tape. The NFTs are better because...
- lupire 4y agoNFT provides a decentralized way to transfer the ownership in a globally visible way. Look, I hate cryptoc, but this is about the one thing in the whole world that NFT is actually good for.
- vba616 4y agoHow is it decentralized? Perhaps people use the word differently. I don't understand the word "decentralized" to mean "not occupying a specific physical location". To me it means more like "having many independent parts" or "not having a single point of failure". For example, land titles in the US, I believe, are decentralized. There is not one single national/federal list of who owns what. But having a blockchain is like having that list. I don't know if that is "centralized" in an absolute, yes/no way, but it seems more centralized.
- Gigachad 4y agoAnd this is important because? It doesn’t need to be globally visible. If I sell you ownership, I can do that via email or a piece of paper. And then when it’s disputed you can bring up the email and transaction receipt. And it doesn’t even require an entire countries worth of electricity to do it.
- sydd 4y agoOwnership of what? A random SHA string? Or the data in the NFT? Which has some laughably small size (a few KBs)