the latest news in NFTs + crypto art + web3
This week, the FUD about the Bored Ape Yacht Club has hit an all time high, as its floor price continues to plummet.
Down 78% from its ATH on April 30, 2022 (153 ETH), and down nearly 50% in just the past 90 days, the FUD about BAYC on NFT Twitter has been loud this week.
Meanwhile, the CryptoPunks’ floor has fared somewhat better. It’s down 60% from its ATH (125 ETH) on Aug. 28, 2021, and around 25% in the past 90 days.
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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…
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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…
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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…
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One of the biggest winners in Yuga Labs’ acquisition of the IP rights to the legendary CryptoPunks NFTs is the group of so-called “V1 Punks” owners, who were embroiled in a copyright DMCA dispute with Larva Labs. V1 Punks are the original CryptoPunks, which had a major coding error in 2017. Oops. To fix the…
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Just a week ago, we reported about the mess unfolding with the sudden revival from the dead of V1 Punks or V1 CryptoPunks. [Click here to catch up.] Well, yesterday, the drama got a lot messier. Larva Labs apparently is contemplating sending a DMCA notice to OpenSea alleging the V1 CryptoPunks infringes Larva Labs’ copyright.…
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Back in November 2021, I wrote about the cryptic case of the CryptoPunks, which were first released for free without any content licenses. Check out my article “The Cryptic Case of the CryptoPunks Licenses: The Mystery Over the Licenses for CryptoPunks NFTs.“ Co-founder of Larva Labs John Watkinson described the rollout of the CryptoPunks “a…
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Wow, what a year 2021 has been for NFTs! Sarah Cascone of Artnet looks back at the Top 10 Most Expensive Artwork NFT sales of 2021. Beeple, Everydays—The First 5000 Days, $69 million, March 2021, Christie’s Beeple, HUMAN ONE, $29.8 million, November 2021, Christie’s Beeple, Crossroads, $6.6 million, February 2021, Nifty Gateway XCOPY, Right-click and Save As guy, $6.57…
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As we wind down 2021–what a crazy year it’s been–there’s one thing I wish I could do over. I wish I had followed @gmoneyNFT, who is self-described as a “futurist. disruptor. ape,” and read his tweet from January 6, 2021. In a tweet that may go down in history as a watershed moment for Web3…
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Well, it happened. The Bored Ape Yacht Club, which just launched in April 2021, have “flipped” the legendary CryptoPunks, still the highest valued NFT collection. Flipping means that the last, lowest sales price for BAYC is higher than the same indicator for CryptoPunks. Back when BAYC first launched in April 2021, the NFTs were selling…
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