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

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

Can Seth Green still use his Bored Ape character in his upcoming series White Horse Tavern even after someone stole his Bored Ape NFT? Probably.

As I grade law school exams, I came across a complicated scenario IRL that would make for an excellent law school exam. The actor Seth Green revealed a trailer for his upcoming series White Horse Tavern, which uses one of the Bored Ape characters (#8398) from the NFTs he owns. According to Buzzfeed (see below),…

Read More

World of Women NFTs go on bull run, 373% increase in sales, buyers get full IP rights

Back in October 2021, we reported how Reese Witherspoon purchased an NFT from the World of Women collection created by Yam Karkai. Since then, the average sales price has hovered around 2 ETH. But starting in 2022, the World of Women NFTs have been on a tear. This week, the average price hit above 9…

Read More

Bored Apes, Mutant Apes continue bull run into 2022, as Eminem, Meek Mill, others ape in

2022 started out with a bang. And it was all apes. Yuga Labs, the creator of the Bored Ape Yacht Club, plus Mutant Ape Yacht Club and Bored Ape Kennel Club, has hit a rare NFT trifecta. Amazingly, the 3 hottest NFT collections in terms of sales volume in the past 24 hours were all…

Read More

CryptoPunks v. Bored Apes: who cares if Bored Apes flip CryptoPunks?

Flippening: There’s been a lot of chatter on social media about the possibility that Bored Ape Yacht Club (BAYC) will flip the CryptoPunks–meaning having a higher floor (sales price for the lowest priced recent sale) than the CryptoPunks. Indeed, that would be a shocking turn of events, given that the CryptoPunks are the most valuable…

Read More

RTFKT CLONE X + Murakami NFTs sell for $100,000 – $600,000, but license limits use to noncommercial uses

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…

Read More

How AriZona Iced Tea went too far in using the Bored Ape Yacht Club brand after buying Bored Ape NFT

We’ve been analyzing the blanket commercial licenses–a form of decentralized collaboration–that Yuga Labs has granted with every purchase of a Bored Ape Yacht Club NFT. It’s the “secret sauce” behind Yuga Labs’ meteoric success. A buyer of a Bored Ape NFT gets the right to commercially use the Bored Ape, plus make derivative works from…

Read More

The Secret Sauce of Bored Ape Yacht Club’s Success: Decentralized Collaboration via Blockchain and NFTs

Why is Bored Ape Yacht Club the hottest NFT collection around? In this video, I explain the secret sauce to the Bored Ape collection’s success: its use a decentralized collaboration or De-Collab. I explain my theory in a research paper, “The Bored Ape Business Model: Decentralized Collaboration via Blockchain and NFTs.” Download it on SSRN.…

Read More