Following OpenSea’s defense of creator royalties, X2Y2 and Blur abandon controversial “Zero Royalties” policies in favor of creator royalties

This is a great development for Web3 during one of the darkest moments in the crypto world. Credit goes to all the artists, creators, and allies who organized a campaign to convince OpenSea not to rollback its respect for creator royalties. Incredible to see a decentralized campaign in action!

Read More

Downloadable Timeline of FTX’s, Sam Bankman-Fried’s downfall

Last week was a chaotic week for the crypto markets. If you want to know what happened with the implosion of FTX, Alameda Research, and Sam Bankman-Fried’s empire, we created this graphic that summarizes the key events. You can download a copy of our Timeline of FTX’s, Sam Bankman-Fried’s downfall. The underlying description/information can be…

Read More

Timeline of FTX’s, Sam Bankman-Fried’s downfall

Last week, crypto markets were rattled as the crypto exchange FTX–and all of its 133 related companies, including Alameda Research–imploded. Sam Bankman-Fried’s (SBF’s) entire crypto empire went from being worth billions to virtually nothing in a blink of an eye. How did it happen? The following timeline or chronology lists the key moments. Wednesday, November…

Read More

“Zero Royalties” policies on NFT marketplaces pose existential threat to Web3 and creators

Point 1: “Zero royalties” policies have produced a destructive race to the bottom with more money being diverted away from creators to avoid paying them royalties. The following graph shows that the market share of OpenSea (which respects creator royalties) has decreased from above 80 percent to around 50 percent this year. The dramatic shift…

Read More

OpenSea recommits to creator royalties after artists unite to protest “zero royalties” policies

Artists Unite to Protest Efforts to Eliminate Creator Royalties Below I collect some of the impassioned pleas from artists! Let’s go, creators! All Seeing Seneca, one of artists who created Bored Apes Betty, co-creator of Deadfellaz Snoop Dogg and FEWOCiOUS iwwon, creator of CryptoMories Bobby Hundreds

Read More

Under new 2022 commercial license, can CryptoPunks owners now sue V1 Punks or V1 CryptoPunks for alleged copyright infringement?

DISCLAIMER: this analysis is NOT legal advice. It’s for academic research on the development of De-Collab licenses in Web3. For more about De-Collab, read my essay by clicking here. The new CryptoPunks 2022 commercial license reopens the Pandora’s box that had erupted earlier this year, but quieted down after Yuga Labs acquired the IP rights…

Read More

Why the CryptoPunks 2022 license is better for owners than the Bored Ape license, on paper, setting a new standard for decentralized collaboration

As reported yesterday, Yuga Labs published the new 2022 license for owners of CryptoPunks, the now legendary NFT collection whose intellectual property Yuga Labs acquired from Larva Labs earlier this year. We reviewed the terms of the CryptoPunks 2022 license in a prior post, click here. Given the CryptoPunks position as perhaps the most prestigious…

Read More

The CryptoPunks owners got a new EXCLUSIVE license with full commercial rights, including the ability to trademark. But no hate speech, class actions allowed. Is the new license valid? Probably.

The big news this week is that owners of the CryptoPunks finally received a new license granting them full commercial IP rights with no limit (the last limit was $100,000 annually of commercialization of CryptoPunks). As you may recall, the CryptoPunks NFTs were first issued in 2017 without any content license. TIMELINE of CryptoPunks licenses…

Read More

US v. Le Ahn Tuan: second criminal indictment for rug pull involving Baller Ape Club NFTs

Last week, the U.S. Department of Justice announced several criminal indictments for crypto-related crimes, including the second rug pull case. From DOJ’s announcement: “United States v. Le Ahn Tuan: Le Anh Tuan, 26, a Vietnamese national, was charged with one count of conspiracy to commit wire fraud and one count of conspiracy to commit international money…

Read More

Snoop Dogg to open LA restaurant named for his Bored Ape, Dr. Bombay’s Sweet Exploration

Snoop Dogg is teaming up with  Food Fighters Universe, a startup co-founded by Andy Nguyen, Kevin Seo and Phillip Huynh, to open a new dessert restaurant called Dr. Bombay’s Sweet Exploration. Sounds sweet! [More from Decrypt] Dr. Bombay is the name of his Bored Ape #6723. There’s already a burger restaurant Bored and Hungry, started…

Read More