RTFKT CLONE X + Murakami NFTs sell for $100,000 – $600,000, but license limits use to noncommercial uses
nftjedi
After the big reveal of the RTFKT CLONE X + Murakami NFTs, they started hitting the secondary market. The top sales went for impressive prices between $100,000 to $600,000, as compiled by NFT-Stats.
The higher priced NFTs apparently contained avatars with so-called “Murakami traits” added by the famed artist Murakami.
But, unfortunately, those Murakami-trait NFTs come with a restrictive content license that limits the buyer of the NFT to only personal, noncommercial uses of displaying and performing the NFT.
Although this type of noncommercial-use restriction is typical for NFT content licenses, a competing approach is taken by the Bored Ape Yacht Club license, which allows the buyer unlimited commercial use, including the making of derivative work. I’ve described this Bored Ape approach as an example of decentralized collaboration (or De-Collab).
By contrast, RTFKT apparently allows Clone-X NFTs without any Murakami traits to be used commercially up to $1M. One person on Twitter called this dichotomy in licenses “just pure idiocy.” Another complained that those terms should have been disclosed before the sale. (It’s unclear whether they were.)
Boomer Web2 ideas being very poorly applied to Web3. I don't know who's advising these people but if you want to destroy your brand in Web3, this is a fabulous playboook…. pic.twitter.com/4N3hVl6nks
Licences 📄 We have two licence types for the Clone X project; → Clones WITHOUT Murakami Drip traits are allowed to be commercialized by owners up to $1,000,000. → Clones WITH Murakami Drip traits do not come with a commercial licence.
