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…

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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…

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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…

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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:┬áLe 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…

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How is insider trading of NFTs a felony if it doesn’t involve a 10b-5 securities violation? The wire fraud theory in U.S. v. Nate Chastain, former OpenSea employee.

Yesterday, the U.S. Attorney for the Southern District of NY Damian Williams announced an indictment against Nathaniel Chastain who allegedly traded at least 45 NFTs while working at OpenSea based on confidential business information that OpenSea would feature the NFTs on its website (thereby attracting greater demand). Chastain allegedly profited by selling the NFTs at…

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Federal grand jury indicts former OpenSea employee Nate Chastain for alleged insider trading of confidential business information of NFTs to be featured by OpenSea [download indictment]

In a stunning announcement, the US Attorney for the Southern District of NY Damian Williams announced that a federal grand jury has indicted former OpenSea employee Nate Chastain for two counts of felonies: (1) wire fraud and (2) money laundering. The first count of wire fraud is predicated on Chastain’s alleged insider trading of NFTs…

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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),…

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After buying Twitter, Elon Musk changes profile pic to Bored Apes — did Musk buy Twitter for NFT Twitter?

Elon Musk just changed his profile pic to Bored Apes–a whole montage of them. This comes after he bought Twitter. Did Musk see the potential in not only Bored Apes, but the community known as NFT Twitter (of which we are a part!). Musk hasn’t shown much interest in NFTs, other than a Feb. 26…

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Aku Dreams NFT launch for Akutars has coding snafu in its Dutch auction, reportedly locking $34M in funds

Micah Johnson, the creator behind the young black astronaut Aku NFTs, had an unfortunate setback yesterday that no NFT creator ever wants to face. During the launch of the Akutars on Friday, someone discovered a “gas griefing vulnerability” in the smart contract. This vulnerability allowed a third party to lock up the ETH funds that…

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MoonBirds owners get “full commercial art rights for the Moonbird they own,” apparently similar to Bored Ape License

Last fall, we reported the then-unusual approach of the Bored Ape Yacht Club IP license. It gave all owners unlimited commercialization rights to their Bored Apes, including the ability to make derivative works. We explained how the Bored Ape IP License was a decentralized collaboration license or De-Collab license because it enabled owners to engage…

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